Vancouver, Feb. 04, 2019 (GLOBE NEWSWIRE) — ACL today announced the next step in its industry consolidation strategy with the acquisition of Rsam, an analyst-recognized leader in IT, vendor, and security risk management solutions, headquartered in Secaucus, New Jersey. The combination brings together ACL’s true SaaS platform differentiated by its proprietary risk assurance methodology, advanced analytics/robotic process automation, and top-rated user interface design with Rsam’s dynamic flexibility, universal IT systems integration capability, and deep industry content. It also more than doubles ACL’s R&D capacity, accelerating the delivery of innovation to 7,000 customers in 135 countries. The acquisition follows a $50M strategic investment by Norwest Venture Partners in 2017 and over 50% organic growth in new bookings in 2018.
“This acquisition combines the strengths of ACL in delivering audit, compliance, and fraud related solutions, with those of Rsam in delivering vendor risk, IT risk, and cyber security solutions to enterprise IT and security customers,” said Laurie Schultz, CEO of ACL. “The integration of our teams and platforms will transform our…
