The acquisition of Workpapers.com will grow ACL’s solution portfolio and create the first integrated audit technology offering in the market.
Vancouver, December 12, 2011 – ACL Services Ltd., the solution provider of choice for data analysis within audit, today announced its expansion into the electronic work papers (eWP) market with the acquisition of Workpapers.com.
ACL’s market-leading audit analytic solutions and the Workpapers.com audit management system will be integrated for a seamless audit experience that spans the complete audit process.
“The addition of Workpapers.com to our product portfolio is an exciting opportunity for ACL and our customers and partners around the world. For 24 years, ACL has worked with thousands of internal audit organisations, and we understand the challenges these departments face,” said Harald Will, CEO of ACL Services. “This acquisition puts us in the position to provide a complete audit technology offering that is integrated, efficient and meets the most pressing needs of audit departments today.”
A recent survey with over 8000 ACL customers indicated a 75% interest in an integrated analytics and eWP solution to improve efficiency and increase the use of technology in their audit departments.
“ACL is also significantly increasing its R&D investment in our core analytic solution to improve usability and reporting, and for expanded continuous auditing and monitoring capabilities,” said Laurie Schultz, President and COO of ACL Services. “Over the coming months, we plan to share with our customers and partners this new strategic roadmap and continue to engage them in our vision for ACL.”
“I am pleased that Workpapers.com is joining an organisation with the brand and reputation of ACL. For years they have been at the forefront of the audit analytic technology market and now want to expand their mark in audit management systems,” said Dan Zitting, founder of Workpapers.com. Zitting will transition his role at Workpapers.com to become the new Vice President of Working Papers Software for ACL Services.
(Source: ACL News releases)