On Wednesday, Intapp, a provider of cloud software for law firms, acquired cloud-based employee compliance software solution provider Paragon Data Labs. A new offering from Intapp, called Employee Compliance, "combines personal trading oversight, employee disclosures, and attestation management to help firms stay aligned with regulations and protect against reputational risk," the press release stated. The financial details of the deal were not released.

"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, in the press release. "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."