Risk management and internal audit services provider Protiviti acquired Creative Options and Radius, both Waterloo, Ont.-based companies specializing in loss prevention and risk management services in the retail sector.

Terms were not disclosed.

Radius specializes in providing on-site loss prevention and risk management strategies in the areas of shrinkage, identity theft, worker safety, supply chain logistics and crisis management. Creative Options' primary services include employee awareness programs and communications, customized Web portals to track loss prevention, and safety metrics.

Both companies' services have been folded into Protiviti's retail industry practice.

Patricia Quinn, founder of Creative Options and co-founder of Radius, has joined Protiviti as a managing director, as did Radius co-founder Craig Matsumoto, as head of that company's loss prevention practice.

Quinn will remain in Waterloo, while Matsumoto will be based in Protiviti's Boston office. Overall, roughly 30 Creative Options and Radius employees are joining Protiviti.

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