"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 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."