Vancouver-based audit and risk management software maker ACL announced this morning (August 12) that it has signed a definitive agreement to expand its global footprint by buying the assets of Singapore-based Prodigy Group.
Prodigy is the largest global reseller of ACL products. It also resells other software and is a consulting services provider focused on audit, compliance and risk management solutions.
No terms of the transaction were disclosed.
ACL said it was interested in acquiring Prodigy partly because southeast Asia is rapidly adopting cloud-based technologies, including some of ACL’s products, so the area represents a good place to enhance a presence, serve existing customers and attract new customers.
“Bringing the Prodigy Group into the ACL family is an important step in our continued growth and global expansion,” said Laurie Schultz, CEO of ACL.
“We will continue to pursue an aggressive plan to build our business in strategic markets, especially those that are at the forefront of new technology adoption and that value an integrated, data-driven GRC solution.”
