BRENTWOOD, Tenn., Jan. 6, 2021 /PRNewswire/ -- Ncontracts, the leading provider of integrated risk management solutions for the financial services industry, announced that it has acquired QuestSoft Corporation, a leading provider of compliance software and services for the mortgage, bank and credit union industries.
Combining Ncontracts with QuestSoft will be transformative for customers and for the industry. The combination creates a powerful end-to-end risk and compliance suite uniquely enabling financial institutions to grow and succeed in the evolving regulatory environment.
"Leonard and his team have built an outstanding company and culture with an incredible set of customers and partners," said Michael Berman, CEO of Ncontracts. "This is a tremendous combination for our customers. Together, Ncontracts and QuestSoft will help financial institutions and mortgage companies not only meet the increasing needs and complexities of today's regulatory environment but prepare them for the future. The combination of our teams and solutions creates tremendous value to our clients and the financial services industry."
With the acquisition, Ncontracts will now offer the most comprehensive set of capabilities to assess and monitor risk and compliance for financial services companies, which includes banks, credit unions, mortgage companies, and fintechs, to make sure that information needed for compliance and risk management is securely and seamlessly shared across the entire organization.
"We're extremely excited to bring our company together with an industry leader like Ncontracts," said Leonard Ryan, founder and President of QuestSoft Corporation. "Our software and products have helped thousands of financial institutions and mortgage companies deal with regulatory requirements from HMDA, CRA, and Fair Lending regulations to automated digital compliance and other needed regulatory requirements. Bringing our capabilities and insights together with the leadership and reach of a company like Ncontracts is great news for our 2700 customers around the country and the industry at large."