Compassoft Receives “Positive” Rating in Spreadsheet Control MarketScope Report From Leading Analyst Firm

Scotts Valley, CA -- March 25, 2008 -- (BUSINESS WIRE) –– Compassoft, the market leader for Enterprise Spreadsheet Governance, Risk and Compliance (GRC) controls, announced today that its Spreadsheet GRC control solution received a “Positive” rating in Gartner’s “MarketScope for Spreadsheet Control Products, 2008.” The report was published March 11th, 2008 by Gartner and was authored by Jay Heiser and David Furlonger.

Gartner states in the report, “CFOs and corporate officers responsible for regulatory compliance should welcome the introduction of a tool that can easily identify operational risk accidents waiting to happen and must be aware that auditors are becoming increasingly aggressive in demanding the identification of high-risk spreadsheets.”

"With government and industry regulations on the rise, and high-profile banking frauds such as Societe Generale's dominating the news, companies are now realizing they must give higher priority to finding and mitigating the risks posed by user-developed applications, most notably spreadsheets,” said Paul Bach, CEO of Compassoft. “Our global customer base has grown dramatically as companies are looking for an enterprise-wide solution. We believe Gartner’s ‘Positive’ rating confirms the value of Compassoft Enterprise, and confirms our strong position in the market.”

Compassoft Enterprise is the most comprehensive spreadsheet GRC solution on the marketplace. The software uniquely combines automated policy-based controls with an ability to discover new or changed spreadsheets, create detailed audit logs of changes to spreadsheets, and perform automated risk assessment. Compassoft Enterprise can detect control violations — and notify the appropriate authorities — as well as conduct forensic analysis. Extensive reporting capabilities and dashboards that work with the risk management platforms that companies already have in place, improve management visibility and make it a powerful solution for risk management.

About Compassoft

Compassoft is the market leader for enterprise spreadsheet Governance, Risk and Compliance (GRC) control 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 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, Sydney Futures Exchange, Tulane University and Venetian Casinos. For more information, please visit www.compassoft.com.

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.

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