ACL And Datawatch Announce Strategic Alliance To Enhance Analytics For Audit, Risk And Compliance Professionals
VANCOUVER, B.C. and CHELMSFORD, Mass., Aug. 1, 2012 /PRNewswire/ — ACL Services, Ltd., the leading provider of technology for audit and compliance professionals, and Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization software and services, today announced a strategic alliance that will provide audit, risk and compliance professionals with enhanced ability to analyze data trapped in static reports such as PDFs, HTML files, print files and other content-rich data sources.
“Audit, risk and compliance professionals continually seek technologies that help them deliver more responsive, accurate guidance for their businesses,” said Laurie Schultz, president and COO of ACL. “This agreement furthers our mission to provide this technology in a convenient, easy-to-use solution. The efficiencies and capabilities of the combined ACL and Datawatch offering will allow our mutual customers to cost-effectively reduce effort and improve success.”
The combination of ACL and Datawatch technologies will offer organizations the ability to more efficiently capture data from semi-structured and loosely-structured data sources – such as PDF documents – and pull it into their ACL data analysis solution. This will provide immediate visibility into critical corporate data, increasing personal productivity, enhancing data quality and integrity, and strengthening their business assurance activities. ACL will sell the solution, branded
ACL(TM) Importer, through both its direct sales and global channel partners. ACL and Datawatch are supporting this strategic alliance with joint marketing, services, sales and certification activities to accelerate adoption of the enhanced analytics solution.
According to Dave Dauksas, partner, PricewaterhouseCoopers, “Important compliance and audit-related information often lives in documents that are not organized into easily-accessed rows and columns. The ability to easily access this data and diligently examine it with a proven analytics platform is a compelling value proposition for audit and compliance professionals.”
“For our current customers that use Monarch to access information for audit, risk management and compliance purposes, this alliance with ACL provides significant added value with the seamless integration to ACL’s award-winning analytics solutions,” said Michael A. Morrison, president and CEO of Datawatch. “For prospects, the combined ACL and Datawatch offering represents a new standard in the industry with no competitive peer.”
ABOUT ACL SERVICES LTD.
ACL Services Ltd. is the leading provider of end-to-end technology for audit and compliance professionals. With a history of helping organizations gain insight into business risk with world-class analytic solutions, ACL’s expanded product portfolio now includes technology to help automate business assurance processes across the enterprise. This includes seamless analytic, audit management and dashboard capabilities. Together, ACL’s integrated suite of products provides the simplicity, productivity, and increased transparency that result in better audits and corporate risk management. Since 1987, ACL technology has helped organizations reduce risk, detect fraud, enhance profitability, and improve business performance. ACL delivers its solutions to 14,700 organizations in over 150 countries through a global network of ACL offices and channel partners. Our customers include 98 percent of Fortune 100 companies, 89 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state and local governments, and the Big Four public accounting firms. Visit us online at www.acl.com.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) is a leading global provider of report analytics technology to deliver information optimization solutions. Business leaders use Datawatch products and services to access, manage, analyze and act upon 100% of their enterprise information – regardless of data type, format, source or environment. With Datawatch’s information optimization platform, organizations can access structured data, semi-structured data and unstructured data, to deliver complete analytic systems that improve decision-making and accelerate action – at a fraction of the cost and time of traditional approaches. The company’s market-leading technology is used by more than 40,000 organizations worldwide, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Sydney, Singapore and Manila, with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; the volatility of Datawatch’s stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch’s dependence on the introduction of new products and possible delays in those introductions; competition in the software industry; Datawatch’s dependence on its principal products; proprietary software technology and software license agreements; risks associated with international sales; risks associated with indirect distribution channels; the adequacy of Datawatch’s sales returns reserve; risks associated with a subscription sales model; risks associated with acquisitions , including the recent acquisition of intellectual property from Math Strategies; Datawatch’s dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch’s technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company’s Annual Report on Form 10-K for the year ended September 30, 2011 and Form 10-Q for the quarters ended December 31, 2011 and March 31, 2012. Any forward-looking statements should be considered in light of those factors.
Datawatch Investor Relations
Phone: (978) 441-2200 ext. 8323
Phone: (978) 441-2200 ext. 8238
ACL Services, Ltd.
Phone: (604) 974 1430
SOURCE Datawatch Corporation