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Mercer acquires ExtraTextual

Mercer (Australia) Pty Ltd. acquired web-based e-compliance and riskmanagement solution, ExtraTextual.

According to a news release, the acquisition follows a longbusiness partnership between the companies.

Mercer ExtraTextual is a web-based platform that makes iteasy for funds to manage their compliance, risk management, complaints,conflicts management and reporting requirements from one system.

Mercer is a unit of Marsh & McLennan Cos. Inc.