Agility Recovery has announced the acquisition of Chicago, Illinois-based Recovery Solutions. Recovery Solutions delivers audit-ready and FFIEC compliant business continuity solutions purpose-built for banks and financial institutions.
“The need for business continuity options in the banking and financial services sector continues to escalate as compliance throughout the entire supply chain grows in importance,” said Jon Bahl, CEO of Agility Recovery. “Recovery Solutions established a proven process for audit-ready compliance testing and reporting that matches FFIEC guidelines and makes it easy for banks to achieve and maintain compliance throughout their entire supply chain. Integrating the company with Agility helps us further deliver on our promise to help businesses achieve resiliency, especially within the highly regulated banking and financial sector.”
Rick Lavin, CEO of Recovery Solutions, will join the Agility team to assist with the transition. “We are excited to join the Agility family, bringing our depth within the financial sector, and scaling deep industry knowledge through Agility’s more than 4,000 customers, especially those operating within the financial sector,” commented Lavin.
Agility is a portfolio company of private equity firm LLR Partners.