RIA in a Box, a leading Software-as-a-Service (SaaS) provider of compliance, cybersecurity, and operational software solutions to the wealth management industry, has acquired ITEGRIA, LLC, a leading provider of cloud-based virtual desktop solutions for RIAs.
ITEGRIA's cloud-based virtual desktop technology, known as AdvisorCloud™, paired with its experienced team, provides RIAs with a flexible and secure approach to manage this key operational component of their businesses. ITEGRIA enables RIA firms and their employees to securely access their work environment and data on virtually any device. The AdvisorCloud™ solution is particularly well-positioned to meet the needs of advisors in today's environment in which remote work and information security challenges and concerns are top of mind.
In recent years, both RIA in a Box and ITEGRIA have experienced robust growth. By combining forces, the firm will serve approximately 2,200 RIA firms managing over $400 billion in assets under management.
With this strategic acquisition, RIA in a Box has dramatically enhanced its cybersecurity and operational offerings designed specifically to meet the unique challenges of RIA firms. In recent years, RIA in a Box has developed several new product offerings to enhance its SaaS platform including automated employee trade monitoring and a mobile compliance application to meet the complex needs of its wealth management clients. The firm is continuously innovating to deliver an all-encompassing suite of solutions for investment advisory firms to operate with efficiency and maintain regulatory compliance.
ITEGRIA was advised by IT ExchangeNet on the transaction.