ACL Services Ltd, a Vancouver-based governance, risk management and compliance software company, has secured a $50 million strategic minority investment from the growth equity team of U.S. firm Norwest Venture Partners. The investment, ACL's first, will back a consolidation strategy for the "massive and under-served market for risk and performance management software," Laurie Schultz, the company's president and CEO, said. Founded in 1987, ACL works with more than 7,000 existing government and business customers in 140 countries to manage risk, detect fraud, identify operational waste, and efficiently comply with industry regulation.