It's a done deal. The Charles Schwab Corporation has announced it had completed the acquisition of Compliance11, Inc., a provider of compliance software.  Financial terms were not disclosed.  Schwab intends to utilize Compliance11's technology to expand the compliance monitoring and reporting tools it offers to corporate clients.

That business is ... Schwab’s Designated Brokerage Services (DBS), which has provided employee trade monitoring services to employers in regulated industries for more than 15 years and now serves over 650 corporate clients that monitor over $30 billion in assets across 130,000 employee accounts.  DBS provides employee trading data to these companies, which helps them manage their responsibilities, while providing their employees all of the products, services and support Schwab has to offer.

Compliance11, Inc. is a provider of cloud-based compliance automation software for public companies, brokerage firms, investment advisors, hedge funds, private equity firms and pension funds.  Michael Kritzman began the company in 2005 and ran it out of Chicago prior to accepting a purchase offer from venture capitalists.  Larry Goldfarb, who writes the C-I Technology Insights column, ran sales and developed a market niche for the company during its early years.  He currently is a sales executive with StarCompliance, with New York as is base of operations.   [Stockhouse, 11/16/11]