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.