CIMCON Software Voted # 1 for 'Sarbanes-Oxley Products' in Operational Risk & Regulation Magazine's Annual Compliance Survey
BOSTON and LONDON, Aug. 10, 2012 /PRNewswire/ -- CIMCON Software, the Pioneering Market Leader in Spreadsheet Governance, Risk and Compliance (GRC) today announced that it has been voted # 1 by customers in the category of "Sarbanes-Oxley" Products in Operational Risk & Regulation magazine's annual compliance software survey.
Operational Risk & Regulation is a leading publication helping companies think strategically about the risk and compliance issues facing their organizations, and implement cutting-edge solutions that focus on best practices. In the 6th Annual Compliance Software Survey, CIMCON Software moved to #1 in the "Sarbanes-Oxley Products" category, up from its #2 rank in the 2011 survey. Though not included in the 2012 survey, CIMCON achieved the #1 position for "Spreadsheet Compliance Products" for two years running in 2010 and 2011. The survey does not have a separate category for Solvency II or other regulations that have very similar requirements as Sarbanes-Oxley. CIMCON was also ranked as a Top 20 GRC vendor overall along with companies such as IBM, Oracle, EMC and SAP, based on 6 survey categories that included Fraud, GRC, Compliance Monitoring and Control, and Regulatory Reporting.
CIMCON's SOX-XL suite of Enterprise Spreadsheet Management tools provide a complete lifecycle management solution from discovery, risk assessment and remediation to monitoring and controls. With robust capabilities for internal controls, data integrity, data lineage, transparency, accountability and corporate governance, SOX-XL has the largest installed client base of over 300 firms globally for compliance with Solvency II, Sarbanes-Oxley, Basel III, Model Audit Rule, the Dodd-Frank Act and similar other regulations.
"We thank our customers once again for voting for us as a top vendor in the categories of 'Sarbanes-Oxley' and 'Spreadsheet Control Products' for the last 3 years that we have participated in the survey," said Sanjay Agrawal, Director. "We believe that we have earned this customer trust as a result of excellent customer service and responding to customer needs with continued product enhancements from major investments in research and development."
About CIMCON Software, Inc.
With 24 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 nearly 300 companies for regulatory compliance, including the Regulator of America's Capital Markets and an enforcement arm of the Securities and Exchange Commission (SEC). With a client base spanning North and South America, Europe and Asia and a 10-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.
CIMCON's SOX-XL suite of products provide the industry's most comprehensive spreadsheet 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.
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SOURCE CIMCON Software, Inc.