Intapp, a provider of cloud-based risk and compliance software, has acquired Paragon Data Labs, which offers employee compliance software. Terms of the deal were not disclosed.
“We have seen firms place an increasing focus on ensuring employees remain in continual compliance with different –– and often quickly evolving –– regulatory standards and a desire for the associated workflows and data to be integrated into their wider compliance processes,” Nigel Riley, general manager of risk and compliance at Intapp, said in a news release. “Paragon’s capabilities will let us address personal regulatory requirements such as SEC code of ethics, personal independence, and employee trade monitoring, and—in combination with our existing risk and compliance solutions—provide a comprehensive compliance solution for our clients.”
Paragon’s solution will be added to Intapp’s risk and compliance products, according to the news release.