Bloor Research Product Evaluation Ranks Compassoft Market Leader for Enterprise Spreadsheet Management and Control

Scotts Valley, CA – May 3, 2007 – As the forerunner to a major report on the enterprise spreadsheet management industry that is expected to be published later this month, Bloor Research (www.bloor-research.com) has issued an In-Detail Paper concluding that Compassoft is the market leader for enterprise spreadsheet management, Compassoft announced today.

“The key point to note about Compassoft is that it can do all of the major things required to take control of existing spreadsheet mayhem, and manage that on an on-going basis going forward,” said author Philip Howard, research director of data at Bloor Research. “Compassoft is the market leader -- particularly in terms of its installed base for enterprise spreadsheet management with its comprehensive offering for managing spreadsheets at a corporate level.”

Howard noted that the market for spreadsheet and End User Computing (EUC) applications is divided into four areas: monitoring tools, control and compliance tools, auditor’s tools and automation tools. Monitoring tools constantly audit changes to spreadsheets.  Control and compliance tools add security and management to determine levels of authority and authorization.  Auditor’s tools enable spreadsheet comparisons to detect formulae errors and other potential problems.  Automation tools provide controlled development environments for creating new spreadsheet applications. 

Compassoft stands out in the market by uniquely providing monitoring, control and compliance, and auditor’s tools.  Its customers are in many industries ranging from banking and manufacturing to retail, pharmaceutical and life-sciences organizations.

“With 30-40 percent of corporate data within spreadsheets, PC databases, and reports, we increasingly see audits from the Big Four focusing on the risk exposure of these undocumented, untested and typically uncontrolled corporate applications,” said Paul Bach, CEO of Compassoft. “Companies concerned with quality control and governance use our software to continually discover, test and control critical data that is on tens of thousands of desktops, notebooks and servers within their organizations. You can think of Compassoft as the company that provides production level Governance, Risk, and Compliance (GRC) application control for your smaller and highly distributed systems,” he added.

Bloor Research’s full product review of Compassoft Enterprise is available on-line at www.compassoft.com.

About Compassoft
Today, more than 160 major corporations worldwide — across a broad range of vertical markets — use Compassoft, Inc. for the discovery, validation and control of end-user applications. Compassoft, a venture backed software firm based in Scotts Valley CA, has won numerous awards for its technology and holds several US and international patents on its technology. Representative customers include each of the Big Four accounting firms, ABN AMRO, Allergan, Allied Irish Bank, Baxter, Bruce Power, CitiGroup, Freddie Mac, HP, Lloyds TSB, Prudential, Sydney Futures Exchange, Tulane University, Tyson and Venetian Casinos. For more information, please visit www.compassoft.com.

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Julia Glenister, JAG Wire Group
Tel: (415) 459-3688; Cell: (415) 246-6075
compassoft@jagwiregroup.com