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ACL secures US$50 million investment from Norwest

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ACL Services Ltd.

On December 19, 2017, ACL Services Ltd. announced the company received a US$50 million strategic minority investment led by the growth equity team at Norwest Venture Partners.

The investment will be used to accelerate the ACL’s consolidation of the $36 billion integrated risk and performance software market. As a privately held, self-funded business, this is the first time in ACL’s history that it has taken an outside capital investment.

Fasken’s Keith Spencer (technology) advised ACL on the transaction.


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