FIS will acquire Compliance Coach Inc., a vendor that provides risk assessment software, e-learning and tools tied to lending compliance matters. The transaction is expected to close within the next 30 days. Terms of the deal were not announced. This acquisition is a strategic move by FIS to enhance its overall compliance strategy. FIS will assume ownership of Compliance Coach's flagship products including Regulatory University, Compliance Risk Indicator and Compliance Pal. These solutions currently support approximately 1,500 clients, including seven of the top 10 depositories within the financial services industry.
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