Professional services giant Deloitte Canada this month announced the acquisition of Allevar, a financial technology firm based in Toronto.
Deloitte’s acquisition of Allevar “represents a strategic expansion of our capabilities in regulatory compliance and technology solutions for industries,” says Anthony Viel, who serves as Chief Executive Officer of Deloitte Canada.
Allevar boasts technical expertise in key risk & compliance areas such as Fraud Management, Anti-Money Laundering, Payment systems, and Know Your Customer.
“By integrating Allevar’s expertise,” Viel says, “we are poised to offer unparalleled value to our clients by ensuring they remain on their growth trajectory enabled by a solid foundation of regulatory compliance and operational efficiency.”
Allevar’s team—including C-suite executives Dan Wood, Dave Whyte, and Maureen Binder Kotopski—will be joining Deloitte Canada’s Regulatory & Risk practice.
“We are thrilled to announce that Allevar is joining forces with Deloitte Canada,” stated Wood.
Wood founded Allevar in 2005 as a business architecture and project management firm before shifting customer demands spurred an expansion of capabilities to include technological solutions.
He describes the Deloitte transaction as “a significant milestone in our growth journey.”
“This strategic decision is made with a focus on our people, clients, and the future, aligning with our core values and vision,” Wood remarked.
“By partnering with Deloitte, we are poised to enhance our capabilities and continue delivering exceptional service,” he stated.
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