Archer Bolsters AI-Powered Regulatory Compliance and Risk Management with Compliance.ai Acquisition

Archer, an enterprise leader in providing a fully integrated risk management solution, announced its acquisition of Compliance.ai, a leading provider of artificial intelligence (AI)-driven regulatory change management solutions. This acquisition will enable Archer clients to supplement their compliance initiatives with cutting-edge AI technology to automate monitoring, tracking, reporting, and responding to continually changing regulations in real time.

"We're pleased to welcome Compliance.ai to the Archer family. With this acquisition, we can offer our clients the advantages of real-time updates, predictive analysis, and increased accuracy for regulatory compliance and risk management," said Bill Diaz, CEO of Archer. "Leveraging the power of AI technology advances our strategy to empower organizations to more effectively manage their entire risk landscape and allows us to propel Archer solutions into a new era of efficiency and foresight."

"Joining with Archer, we're in a leading position to transform compliance into a competitive advantage for highly regulated organizations," said Kayvan Alikhani, Founder of Compliance.ai. "The benefits of our AI-powered technology and Archer's unrivaled risk and compliance management solutions is a winning combination for compliance, risk and legal teams worldwide."

"The acquisition of Compliance.ai makes Archer a pillar in cognitive GRC, compared with many risk and compliance management solution providers that lack a fully robust AI platform," said Michael Rasmussen, GRC 20/20 market analyst. "This acquisition optimally positions Archer to deliver extensive value in efficiency, effectiveness, resilience and agility for clients and solidifies Archer's continued leadership in GRC."