GRC Spreadsheet Control Leader Compassoft Wins Prestigious CMP Intelligent Enterprise Editor’s Choice Award;
Named “Company to Watch” in 2008

SCOTTS VALLEY, Calif. -- (BUSINESS WIRE) -- Compassoft, the leading provider of spreadsheet Governance, Risk and Control (GRC) solutions for the enterprise, today announced that it was selected by CMP’s Intelligent Enterprise for an Editor’s Choice Award as one of 36 “Companies to Watch” in 2008.

Awarded to standouts in their field, the list of “Companies to Watch” is selected by the editors of Intelligent Enterprise based on input from a panel of industry experts, analysts, and consultants. Alongside Compassoft, the list for 2008 includes HP (NYSE:HPQ), eBay (Nasdaq:EBAY), Tibco (Nasdaq:TIBX), and other industry-recognized leaders.

Intelligent Enterprise’s Editor-in-Chief Doug Henschen noted that the 2008 Editors’ Choice honorees are chosen based on exceptional vision, technology innovation, and customer leadership in attaining strategic objectives.

Compassoft was further praised as one of six companies to watch in the Performance Management category for its unique ability to “discover, interrogate and analyze spreadsheet problems within enterprises large and small.”

“This award underscores the growing recognition that it’s just not acceptable for companies to ignore the 30-40 percent of their corporate data that resides in end-user applications such as spreadsheets,” said Compassoft CEO Paul Bach. “With countless examples of companies losing millions of dollars due to errors or fraud in spreadsheets, the industry is turning its eye towards GRC solutions that can discover, validate and control the distributed information in end-user applications. Compassoft is honored to be recognized with this Editor’s Choice Award from Intelligent Enterprise as a leader in this field.”

The Intelligent Enterprise article can be found at http://www.intelligententerprise.com/channels/performance_management/showArticle.jhtml?articleID=205207028&pgno=6

About Compassoft

Compassoft is the market leader for enterprise spreadsheet Governance, Risk and Control (GRC) solutions. Compassoft Enterprise™ enables corporations to manage and control spreadsheets based on business risk policy, automating the continuous discovery and prioritization of spreadsheets throughout the enterprise. By detecting policy exceptions among the thousands or even millions of spreadsheets and providing a secure control framework for them, Compassoft’s solutions have improved controls at more than 180 major companies, including the Big Four accounting firms, Allergan, Allied Irish Banks, Bank of America, Bruce Power, CitiGroup, Eli Lilly, HP, Irish Life, Lloyds TSB, Prudential, Sydney Futures Exchange, Tulane University 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