New York, NY – October 15th, 2015 – Alacra, Inc., an Opus Global Company, and leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data and other information solutions for regulatory compliance today announced completion of its acquisition by Opus Global, a leading provider of SaaS-based compliance solutions. The transaction was first announced on September 30th.
“We are very excited about the potential for new products and new markets as part of Opus Global” said Steve Goldstein, co-founder and CEO of Alacra. “Our clients should see clear near-term benefits of combining our compliance and reference data with products and services of Opus Global’s other operating company, Hiperos. Their third party management excellence and network-based information exchange will add a major new dimension for our customers.”
“The management team of Alacra extends particular thanks to its shareholders and board of directors for supporting us for the past 18 years” Goldstein continued. “Special thanks go to Howard Edelstein and Fred Wilson, two long-term investors, board members and trusted advisors who have been with us from the start and who were particularly instrumental in helping us move to the next stage. Thanks also go to the company’s financial and strategy advisor, Marlin & Associates.”
“Howard, Fred and the team at Marlin worked together with management to help us navigate and overcome some complex challenges and craft a transaction structure that made sense to our many constituencies including long-term shareholders, employees, and customers. They helped us find creative solutions and position us well for the next stage in our evolution.”
Alacra is a world leader in KYC, AML and Reference Data services for regulatory compliance. It is the second company to be acquired by Opus Global, following the July 2014 acquisition of third party management leader Hiperos, LLC. Opus Global was co-founded by GTCR, a Chicago-based private equity firm, and Doug Bergeron, former CEO of VeriFone. The firm is investing up to $500 million to realize its vision of an integrated SaaS platform delivering world-class compliance faster, better and at lower total cost.