CIMCON Software Ranked # 1 for Second Consecutive Year in Category of 'Spreadsheet Compliance Products' in Operational Risk & Regulation Magazine's Annual Compliance Software Rankings

BOSTON and LONDON, June 9, 2011 /PRNewswire/ -- CIMCON Software, the Pioneering Market Leader in Spreadsheet Governance, Risk and Compliance (GRC), today announced that it has been selected as the top vendor for "Spreadsheet Compliance Products" for the second consecutive year in Operational Risk & Regulation magazine's annual compliance software survey.  

Operational Risk & Regulation magazine is a leading publication dedicated to helping risk and compliance professionals think strategically about the key risk and regulatory compliance issues that their organizations face, and helping them implement cutting-edge solutions that focus on best practices. The magazine's global readership, which includes Chief Risk Officers, Chief Compliance Officers, executives and managers, has ranked CIMCON Software #1 in the category of "Spreadsheet Compliance Products" for the second consecutive year in the magazine's recently completed 5th Annual Compliance Software Rankings. Readers were specifically asked to rank their top 5 companies for eight survey categories in the areas of Functionality, Usability, Performance, Return on Investment, and Reliability in the April 2011 survey.

"We are honored to once again be recognized by Operational Risk & Regulations magazine's readers with this prestigious achievement," said Anil Agrawal, Director. "The receipt of this top ranking for a second consecutive year reaffirms that CIMCON is clearly delivering to meet the End User Computing GRC needs of global financial institutions and other industries with products that provide superior functionality, usability, performance, return on investment, and reliability, all factors rated in the survey."  

CIMCON Software also rose to #2 in the "Sarbanes-Oxley Products" category, behind IBM, up from its #3 position in 2010, and to #6 overall in the Top 20 Compliance Software vendors, up from #7 in 2010.

About CIMCON Software, Inc.

With 22 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 nearly 250 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 America, Europe and Asia and an 8-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.

Marketing Contact:

Heidi Sporel
Director, Marketing & Communications
Tel: (978) 692 9868 Ext. 207
Email: [email protected]

For more information about CIMCON Software's market-leading Spreadsheet and Database Compliance Solutions, please visit http://www.sarbox-solutions.com.  

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE CIMCON Software, Inc.