BOSTON and LONDON, March 29 /PRNewswire/ -- CIMCON Software, Inc., the Pioneering Market Leader in Spreadsheet Governance, Risk and Compliance (GRC), today announced that its Market Leadership in Enterprise Spreadsheet Management has been reaffirmed by Bloor Research, a leading U.K.-based analyst firm.
In the Spreadsheet Governance, Risk and Compliance: 2010 Market Update report, analyst Philip Howard of Bloor Research states that "Cimcon is the longest established and largest company in the market with the most customers amongst the big four. If supplier financial stability is a concern then that would be a tick in the box for Cimcon. The company has excellent all-round capability." In the most significant category of Monitoring/Control, CIMCON received the highest ranking amongst all vendors rated in the report.
In a related CIMCON SOX-XL Suite 6.2 Product/Solution overview paper, Bloor Research provides a comprehensive and detailed overview of CIMCON's SOX-XL suite and goes on to conclude that: "The Cimcon SOX-XL Suite is a consistently strong product across all of its modules and across all requirements as outlined in this document. However, in a number of areas Cimcon is not merely 'strong' but has significant capabilities that should allow Cimcon to continue to justify its claim to market leadership in the enterprise spreadsheet management space."
"We are very pleased with the recognition of CIMCON Software as the industry leader yet again by a leading analyst firm," said Jacob DeVries, Associate Director, GRC Solutions. "Industry experts, auditors and analysts have consistently recommended vendor stability and financial strength as a major criteria for vendor selection since spreadsheet management and controls is not a one-time event but an ongoing process. As a pioneer in the space, CIMCON has always held an enormous advantage over the competition on several fronts including technology, product maturity, scalability, customer feedback and experiences from the installed customer base. While newer entrants try to catch up, CIMCON continues to greatly expand this gap with thought leadership and innovations that have become industry standards. We continue to invest heavily in new technologies, platforms, ideas, and innovations. As a result, we strongly believe that we offer our customers the best of all worlds with a platform that is technologically advanced, proven, mature and flexible combined with the strength, stability and financial strength of a 20-year-old company."
About CIMCON Software, Inc.
With 21 years of innovation, experience 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 220 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 7-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.
As a thought leader, CIMCON has developed and maintains an educational portal - http://www.spreadsheetcontrols.org - to share its industry knowledge and expertise and as a service to the end user computing community. CIMCON Software is also the first company to provide compliance solutions for Access databases in a single integrated platform to provide one-stop End User Computing solutions.
Carlos Morgado, Associate Director
Tel: (978) 692-9868
For more information about CIMCON Software's market-leading Spreadsheet and Database Compliance Solutions, please visit http://www.sarbox-solutions.com.
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SOURCE CIMCON Software, Inc.