Ncontracts, a provider of integrated risk management solutions for the financial industry, has acquired Banc Intranets, a provider web-based enterprise content management solutions.

"This acquisition further extends our ability to provide comprehensive solutions to our customers around the country," Michael Berman, CEO of Ncontracts said in a release. "Adding the industry-leading capabilities of the BancWorks employee portal and the DirectorLink board portal to our integrated suite of risk management solutions will improve internal efficiencies and decrease risk for our clients. We're excited to welcome the entire Banc Intranets team to Ncontracts."

With the acquisition, Ncontracts can assess and monitor risk and compliance securely and seamlessly across a shared financial services industry which includes banks, credit unions, mortgage companies.

The combined companies will have over 200 employees and more than 1,600 customers around the country.