Grant Thornton LLP has purchased the assets of Dallas-based information technology consulting and software firm Avalion Consulting LLC.

The transaction, which falls under Grant Thornton’s Business Advisory Services group, includes the addition of two partners; Avalion’s IT consulting staff; and its IT and governance, risk and compliance intellectual property, including Avalion’s patented GRC software, ComplianceSet. Financial terms of the deal were not disclosed.

“Avalion is a great fit for Grant Thornton in many ways,” said Paul Kanneman, national managing principal of Grant Thornton’s BAS group, in a statement. “They share the same passion we have for exceptional client service and have a similar corporate culture.” 

ComplianceSet is a Software as a Service application that provides a portal view into a company’s system of internal controls for financial reporting.

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