ACA Compliance Group partners with NorthPoint Financial to form ACA Technology Solutions
Expands the breadth of solutions available to financial services firms around the globe
(NEW YORK, NY and LONDON, UK) November 5, 2014 - ACA Compliance Group ("ACA"), the leading provider of global regulatory compliance and GIPS® verification services, announced today that it has acquired NorthPoint Financial. The combination continues ACA's initiative to offer full-scale technology-powered global solutions to financial services firms worldwide. The financial terms of the acquisition will not be disclosed.
Founded in 2003, New York-based NorthPoint Financial provides mission-critical financial software products and services to leading investment management firms. NorthPoint Financial’s software products include an Order Management System (OMS), Portfolio Management, Data Warehouse, Security Master, Price Master, and Regulatory and Investor Reporting (RIR). NorthPoint also offers a full suite of professional services, and has provided solutions to over 150 investment managers.
Following the transaction, NorthPoint Financial will become part of newly-formed ACA Technology Solutions, which will be dedicated to developing, enhancing, and supporting technology products and services for financial services firms worldwide. All employees, including the NorthPoint Financial leadership team, will join ACA as part of this transaction. NorthPoint Financial will continue to enhance and support its NorthPoint Platform, software products, and services for its existing clients.
Together, ACA's team and the product development team at NorthPoint Financial will collaborate to develop premier tools to address the complex operational, trading, regulatory, and promotional challenges facing financial services firms today. ACA and NorthPoint Financial already have developed and currently offer an AIFMD Annex IV solution to meet the multi-jurisdictional reporting and filing requirements coming into effect this year in Europe.
"ACA has been looking for the right partner to help us expand our capacity to offer software solutions and premier technology services to our clients across the globe," said Robert L. Stype, Managing Partner of ACA Compliance Group. "The dynamics of NorthPoint fit with our corporate philosophy and vision. The combination will enhance our service offerings with cutting-edge technology to help clients more efficiently manage their front, middle, and back offices."
"NorthPoint's commitment to building and providing innovative software solutions is the core of our business," said Glen Froio, President and CEO of NorthPoint Financial. "Our synergies with ACA will allow us to instantly provide more holistic offerings to our clients on top of our existing software products and services. This will also enable us to dedicate additional resources to developing new software solutions that leverage our combined strengths."
About ACA Compliance Group
ACA Compliance Group (ACA) is a global leader providing compliance, performance, and technology solutions to financial services firms. We offer regulatory compliance products and services, GIPS® verifications, and technology solutions. Our clients include investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers around the globe.
Founded in 2002 by former US federal and state regulators, ACA delivers highest quality solutions with unquestionable integrity and unmatched dedication to clients. Today, ACA employees include former SEC, FINRA, FSA (FCA), NYSE, CFTC, NFA, and state regulators, as well as former senior managers and technologists from prominent financial institutions and other leading firms.
ACA is based in New York City and has offices in London, Hong Kong, Rio de Janeiro, Boston, Chicago, Los Angeles, and other US cities.
For more information, please visit www.acacompliancegroup.com.
Media Contact Krissy Kennedy ACA Compliance Group | Director of Marketing +1 (857) 214-1740 kkennedy@acacompliancegroup.com