Altegrity, Inc. announced plans today to close the acquisition of CVM Solutions, allowing the supplier management technology and data solutions provider to become part of Kroll Risk and Compliance, an Altegrity subsidiary.
The merge will pair CVM Solutions’ supply chain management capabilities with Kroll Risk and Compliance’s vendor screening services, creating the first business to offer a complete governance, risk and compliance platform integrated into a supply chain management software solution. Clients will be able to drive supply-side efficiency while simultaneously reducing fraud and ensuring compliance with the Foreign Corrupt Practices Act and U.K. Bribery Act.
“CVM Solutions has significant industry expertise and is one of the fastest-growing providers of enterprise supplier management solutions in the market today,” said Mike Cherkasky, chief executive officer of Altegrity. “Bringing CVM Solutions into the Altegrity family of businesses will enable us to accelerate growth within our Kroll Risk and Compliance business and offer the most comprehensive global supplier risk and compliance solution in the market.”
Debevoise & Plimpton LLP served as Altegrity’s legal adviser in the transaction, while Katten Muchin Rosenman offered legal advice to CVM Solutions.