BEDFORD, Mass., April 15, 2008 — CIMCON Software, the pioneering market leader in Spreadsheet Governance, Risk and Compliance (GRC) controls, today announced that it has received a "Strong Positive" rating in Gartner's "MarketScope for Spreadsheet Control Products, 2008" published on March 11, 2008 and authored by Jay Heiser and David Furlonger. CIMCON Software received the highest possible rating of "Strong Positive" in this report.
"With 20 years of uninterrupted business experience and history, CIMCON Software is a pioneer in the spreadsheet controls marketplace and today has one of the largest installed global client base of over 160 customers in financial services, banking, insurance, energy, commodities, pharmaceuticals and a wide range of other industries," said Anil Agrawal, Director at CIMCON Software. "We believe Gartner's 'Strong Positive' rating confirms CIMCON Software's leading position in the market and our commitment to providing customers with one-stop, configurable and sustainable solutions for spreadsheet controls without compromising on the flexibility that users expect from spreadsheets."
CIMCON Software's SOX-XL, SOX-XS, XLRisk and XLAudit suite of products provide the industry's most comprehensive spreadsheet and database lifecycle solutions from discovery, risk assessment, analysis, and controls to archiving and record retention. CIMCON Software is also the first company to provide compliance solutions for Access databases in a single integrated platform to provide our clients with one-stop End User Computing (EUC) solutions. As a result of user feedback from its large client base and expertise gained from years of developing spreadsheet control solutions, CIMCON today provides highly flexible solutions on a wide range of platforms and desktop environments that can be easily configured to meet the needs of individual lines of businesses or an organization.
Companies in the Gartner MarketScope were evaluated on six (6) weighted criteria: Customer Experience, Market Understanding and Product/Service (high); Offering (Product) Strategy and Overall Viability (Business Unit, Financial, Strategy, Organization) (standard); and Marketing Strategy (low).
About CIMCON Software, Inc.
With 20 years of experience, innovation and knowledge, CIMCON Software, Inc. is a pioneering Market Leader in providing a complete range of Spreadsheet Control and Compliance solutions. CIMCON's Spreadsheet Compliance Technology is a de facto Industry Standard with the Largest Installed Client Base of over 160 Companies for regulatory compliance, including the Regulator of America's Capital Markets and an enforcement arm of the Securities and Exchange Commission (SEC), and America's Largest Mortgage Company with nearly a trillion dollars in loans. With a client base spanning North America, Europe and Asia and a 5 year history of use, CIMCON's spreadsheet compliance technology has been selected and implemented worldwide by many Fortune 500 corporations as a Global Corporate Standard for Regulatory Compliance.
MarketScope Disclaimer
The MarketScope is copyrighted 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
For further information, please contact:
Bernie Dann, Sr. Manager, Sales and Marketing
Tel: (781) 271 9868 Ext. 210
Toll Free: (866) 727 8117
Email: Email
For more information about CIMCON Software's market-leading Spreadsheet Lifecycle Control Solutions, please visit http://www.sarbox-solutions.com.