ACA Group, a leading provider of governance, risk, and compliance solutions for the financial services industry, has announced the acquisition of Encore Compliance, a leader in AI compliance software solutions. This acquisition enhances ACA’s Managed Services suite by adding AI-enabled surveillance for expert network chaperoning and research calls to help asset managers and investment advisors comply with SEC, FCA, and ESMA regulations.
Encore’s technology helps compliance teams monitor and protect against material non-public information (MNPI) related risks of multiple compliance regimes. This acquisition will provide users with accurate and timely insights, comprehensive compliance-reviewed call summaries and transcripts, and automatic transcription and review of expert calls.
Patrick Olson, CEO of ACA Group, expressed his excitement about the acquisition, stating that it expands their suite of Managed Services and underscores their dedication to integrating AI-driven solutions to enhance compliance and operational efficiency for clients. Scott DePetris, Co-Founder of Encore Compliance, also emphasized the benefits of joining forces with ACA Group, stating that their AI-enabled services will complement ACA’s offerings and provide comprehensive and efficient compliance solutions.
The financial terms of the acquisition were not disclosed. ACA Group has been providing expert network call chaperoning for over six years, and with this acquisition, their Managed Services will gain an additional level of AI-enabled review. ACA’s Managed Services suite offers specialized solutions to support day-to-day compliance requirements, which can be paired with their comprehensive regulatory technology platform, ComplianceAlpha®.
Overall, this acquisition represents a significant milestone for ACA Group, empowering their clients to navigate regulatory challenges and ensure robust compliance in a complex environment. For more information about ACA Group and Encore Compliance, visit their respective websites.
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