ACA Compliance Group (ACA), a global leader in providing compliance, cybersecurity, performance, and technology solutions to financial services firms, has acquired Telavance.

Founded in 2010 by Salvatore Cangialosi, Gokul Kallambunathil, Rama Pappu, and Mahesh Viswanathan, Telavance provides anti-money laundering (“AML”) risk reviews and related regulatory compliance services and software solutions. They offer leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimizations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centered in the banking industry.

As a result of the transaction, Telavance will become a part of a new division of ACA focused on AML risk strategies and financial crime. Salvatore Cangialosi, Gokul Kallambunathil, Rama Pappu, and Mahesh Viswanathan, along with Telavance’s existing staff, will join ACA.

“ACA, with its breadth of professional resources, leading position among financial services firms, and financial strength, will provide the long-term base for the stability and growth that will benefit our clients, staff, and partners,” said Cangialosi. “We look forward to working closely with ACA’s regulatory specialists who offer AML reviews and testing, in order to greatly expand the value we offer to our clients.”

“We are very excited that Telavance is now part of ACA, as they provide us with the opportunity to expand our client base and further grow our regulatory offerings,” said Ted Eichenlaub, Partner at ACA Compliance Group. “Additionally, we believe that secular trends will continue to push more AML requirements that will impact all of our clients and Telavance will give us additional footing to meet our clients’ needs.”