Enterprise IT Startup ACL Closes $50 Million

ACL, a producer of audit and risk management technology solutions, acquired $50 million in financing from Norwest Venture Partners.

Through a combination of software and expert content, ACL develops and advocates technology that strives to strengthen results, simplify adoption, and improve usability by identifying and mitigating risk, protecting profits, and accelerating performance.

The company said the new investment will be used to accelerate the company’s consolidation of the $36 billion integrated risk and performance software market.