Ncontracts, a Brentwood, Tenn., software-as-a-service company, has acquired Quantivate, a Washington-based provider of governance and compliance solutions for banks.
The price wasn’t disclosed.
“We are thrilled to join forces with the Quantivate team,” Michael Berman, Ncontracts’ CEO, said in a press release. “Both companies share a commitment to helping financial institutions reduce risk, improve compliance, and control costs. By combining our complementary resources and solutions, we are even better positioned to serve our customers and the financial industry.”
“Quantivate has always believed in the power of innovative technology and exceptional people to help banks and credit unions thrive,” Andy Vanderhoff, Quantivate’s CEO, said in the release. “Ncontracts shares this mission, and I’m excited to watch as the strength and experience of our united teams take risk management solutions to the next level.”