NEW YORK, March 8 (Bernama-BUSINESS WIRE) — MCO (MyComplianceOffice), a global provider of conduct risk and compliance technology, today announced the execution of an agreement for the acquisition of Schwab Compliance Technologies (SCT). SCT serves some 700 clients providing a SaaS solution that automates asks associated with monitoring employee trading activity and efficiently administering a firm’s Code of Ethics.
The acquisition will:
• Bring together a highly complementary set of products, customers and employees to accelerate MCO growth.
• Ensure that SCT clients and staff are part of a company dedicated to expanding and investing in this market.
• Cement MCO’s market position as a leader in conduct risk technology. With offices in the US, Ireland, India and Singapore, MCO and SCT combined will be supporting over 1,200 clients in over 100 countries world-wide.