Wolters Kluwer Acquires FinArch

Risk management vendor Wolters Kluwer has announced the acquisition of FinArch, which provides finance, risk and performance measurement products.

The FinArch management team will join Wolters Kluwer as part of the deal, the terms of which were not disclosed. The acquisition adds FinArch's strengths to Wolters Kluwer's existing portfolio of products, which also encompass compliance and auditing software.

"By better harnessing the power of their data across all asset classes, financial organizations can more effectively manage risk and financial performance, and help ensure regulatory compliance while reducing costs and increasing operational effectiveness," says Brian Longe, CEO of the Wolters Kluwer Financial & Compliance Services division. "Together with our risk and regulatory reporting solutions, we'll be able to offer our customers more options and greater flexibility to meet the needs specific to their organization and the changing marketplace. We will continue to build out our global capabilities, providing regulatory reporting for 50 countries and a full suite of solutions to help better manage performance and meet the most critical risk needs financial organizations face today and into the future."