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Foreside Acquires Cipperman Compliance Services

Apr 07, 2022•over 3 years ago

Acquiring Company

Foreside Financial Group

Acquired Company

ACA Group

New YorkFinancial ServicesSoftwareFinancial Services

Description

Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, today announced its acquisition of Cipperman Compliance Services (CCS), a leading independent provider of chief compliance officer services to alternative fund managers, registered funds, wealth managers, broker-dealers, family offices, and regulated fintech companies.

Company Information

Company

Foreside Financial Group

About

Foreside delivers comprehensive advice and best-in-class technology solutions to clients in the global asset and wealth management industries. Foreside distributes more than $1 trillion* of product through their 17 limited purpose broker-dealers. For 15 years, Foreside’s suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions. By harnessing state-of-the-art technology, Foreside helps firms address and shape today’s regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including New York and Boston. For more information on Foreside’s suite of services, please visit www.foreside.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed