Intapp, a financial services software firm, has acquired Paragon Data Labs, an employee compliance software solution provider. The acquisition aims to enhance Intapp’s risk management and compliance offering by centralizing personal trading oversight, employee disclosures, and attestation management.
Facts
- Intapp acquires Paragon Data Labs to strengthen its risk management and compliance offering.
- Paragon Data Labs’ technology helps compliance teams detect anomalies and take action on personal conflicts of interest and code of ethics violations.
- Paragon Data Labs was founded in 2020 by three former BlackRock employees, and its CEO, Jefferson Mitchell, will lead Intapp’s employee compliance business line.
- Intapp will onboard Paragon Data Labs’ team of product, engineering, support, sales, and sales engineering specialists, who possess deep experience in the compliance environment.
- The acquisition enables Intapp to address personal regulatory requirements such as SEC code of ethics, personal independence, and employee trade monitoring.
- Firms have been increasingly focused on ensuring employees remain compliant with evolving regulatory standards.
- The financial terms of the acquisition were not disclosed.
