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itSynergy Strengthens Its Cybersecurity Offerings Through Comply Acquisition

In a significant move to bolster its services for Registered Investment Advisers (RIAs), itSynergy, a prominent provider of IT and cybersecurity solutions, has announced the acquisition of the Itegria business from Comply. This strategic acquisition marks a critical step for itSynergy, enabling it to expand its operational capabilities and enhance its support for the cybersecurity needs of financial services firms.

ItSynergy has been recognized for its comprehensive IT management and cybersecurity services tailored for RIAs. With the integration of Itegria, a leading player in compliance software and services, itSynergy is set to provide an even more extensive range of solutions to its clients. This acquisition transfers approximately 70 clients from Comply to itSynergy, allowing for a more focused approach to service delivery.

Michael Cocanower, CEO of itSynergy, emphasized the importance of this acquisition, stating, "This acquisition represents an important step in our mission to support the end-to-end operational and cybersecurity needs of RIA firms. RIAs face an increasingly complex regulatory environment, and by relieving them of their IT and cybersecurity concerns, we allow them to concentrate on their clients."

Not only does this acquisition enable itSynergy to take on full responsibility for the IT and cybersecurity services previously managed by Itegria, but it also allows Comply to refocus its efforts on developing its rapidly expanding regulatory technology platform. This separation of services is expected to foster greater collaboration and coordination between the two organizations, ensuring that clients benefit from dedicated specialists in both realms.

Transition to Seamless Integration

As part of the transition, itSynergy is proactively expanding its team to support the onboarding process and to enhance its service capacity. Cocanower noted, "We take this responsibility seriously and are committed to thoughtful onboarding, clear communication, and a seamless transition for our new clients." This emphasis on client care is crucial in maintaining the high standards of service that both firms are known for.

Michael Stanton, CEO of Comply, echoed these sentiments, stating, "Our clients depend on us for regulatory expertise and a modern compliance platform. This shift ensures that they will have dedicated specialists managing their IT and cybersecurity needs strategically and effectively."

A Legacy of Excellence

Founded in 1997, itSynergy has built a strong reputation in the financial services industry. The company specializes in delivering managed IT services that assist advisory firms in operating securely and efficiently while adhering to regulatory expectations. Its offerings encompass a variety of services, including risk assessments, cybersecurity strategies, incident response planning, disaster recovery, and day-to-day IT management. By continuously updating and improving its services, itSynergy has positioned itself as a trusted partner for RIAs navigating an evolving regulatory landscape.

On the other side, Comply prides itself on being a comprehensive compliance solution provider, serving over 5,000 financial services firms worldwide. With expertise in compliance software and consulting, Comply supports Chief Compliance Officers in managing their regulatory obligations with confidence.

In conclusion, the acquisition of Itegria by itSynergy represents a strategic evolution in the landscape of IT services for financial firms. ItSynergy's commitment to enhancing its offerings through this integration reflects its dedication to meeting the complex needs of RIAs in the digital era. As both companies move forward, their collaboration promises to deliver unparalleled value and dedicated support to their clients, ensuring operational excellence and a robust cybersecurity posture in a demanding regulatory environment.