Modern employee compliance software enhances Intapp’s risk management offerings, creating a holistic set of compliance solutions for professional and financial services firms

PALO ALTO, Calif. — May 3, 2023 — Intapp (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, announces that it has acquired Paragon Data Labs (Paragon), a leading cloud-based employee compliance software solution provider. The employee compliance solution addresses regulatory compliance by leveraging advanced technology to monitor, identify, and manage employee adherence to firm policies in a centralized location.

This new offering from Intapp, to be marketed as Employee Compliance, combines personal trading oversight, employee disclosures, and attestation management to help firms stay aligned with regulations and protect against reputational risk. The solution monitors, maintains, and presents comprehensive, normalized data to compliance professionals in a way that makes it easy to spot issues and take action. By centralizing all components of employee compliance––such as personal trading, outside activities, personal independence, and political donations––in a highly configurable environment, compliance teams are empowered to find and remediate personal conflicts of interest and code of ethics violations.

Key benefits of the employee compliance solution for professional and financial services firms include:

• Accelerated pre-clearance process — Streamlined and automated workflows use broker data connections and alerts to quickly discover conflicts of interest for analysis and processing. 
• Centralized employee access — Promote employee engagement and timely completion of documentation while enabling compliance teams to track employee progress and send notifications, reminders, and escalations when needed.
• Holistic view of employee activities — Centralized data and dynamic reporting dashboards move firms away from spreadsheets and disparate systems, allowing compliance teams to easily spot connections and draw conclusions.
• Auditable system of record — Comprehensive history of compliance checks is easy to pull for company management or regulators.

The stand-alone employee compliance offering enhances Intapp’s industry-leading suite of risk and compliance products. Additional Intapp risk and compliance solutions leverage AI to thoroughly evaluate new business, onboard clients quickly, improve conflicts clearance, ensure limited access to sensitive matters, and monitor relationships for compliance throughout the client lifecycle. The comprehensive set of solutions is designed to help professional and financial services firms manage their industry-specific regulatory and reputational risk needs, turning risk and compliance management into a competitive advantage.

“We have seen firms place an increasing focus on ensuring employees remain in continual compliance with different––and often quickly evolving––regulatory standards and a desire for the associated workflows and data to be integrated into their wider compliance processes,” said Nigel Riley, General Manager of Risk and Compliance at Intapp. “Paragon’s capabilities will let us address personal regulatory requirements such as SEC code of ethics, personal independence, and employee trade monitoring, and—in combination with our existing risk and compliance solutions—provide a comprehensive compliance solution for our clients.”

Paragon Data Labs was founded in 2020 by three former BlackRock employees, including Paragon CEO Jefferson Mitchell, who will join Intapp to lead the employee compliance business line. In addition, Intapp will welcome his team of product, engineering, support, sales, and sales engineering specialists, who bring deep experience in and understanding of the ever-changing compliance environment.

“We are thrilled to see Paragon Data Labs move forward as a part of Intapp, creating a much-needed holistic compliance offering for professional and financial services firms,” said Mitchell. “Intapp’s broad and diverse client base, as well as its expansive reach in the market, make the company the ideal fit to bring our vision for Paragon to the market we knew it was designed to serve.”

About Intapp

Intapp makes the connected firm possible. We provide cloud software solutions that address the unique operating challenges and regulatory requirements of the global professional and financial services industry. Our solutions help more than 2,200 of the premier private capital, investment banking, legal, accounting, and consulting firms connect their most important assets: people, processes, and data. As part of a connected firm, professionals gain easy access to the information they need to win more business, increase investment returns, streamline deal and engagement execution, and strengthen risk management and compliance. For more information, visit intapp.com and connect with us on Twitter (@intapp) and LinkedIn. Intapp and OnePlace are registered trademarks of Integration Appliance, Inc., or its subsidiaries. Various trademarks held by their respective owners.