Top U.S. Retailer Selects CIMICON Software's End User Computing Tools for Spreadsheet Governance, Risk and Compliance (GRC)

November 18, 2010: CIMCON Software, Inc., the recognized Market Leader in Spreadsheet Governance, Risk and Compliance (GRC) solutions, today announced that one of America’s Top 3 Retailers has selected CIMCON’s End User Computing tools for reducing and managing spreadsheet risk.

With a market capitalization of over $16 billion, the retailer is a member of the S&P 500 Index and operates over 1,000 stores in the United States with over 29,000 employees. The company’s stores feature private and exclusive, as well as nationally branded apparel, footwear, accessories, soft home products, and house wares.

“We selected CIMCON Software to not only support our audit and SOX compliance activities, but to provide an additional resource for aiding our business partners,” said the company’s Vice President of Internal Audit. “The software can be used by my team with minimal training and provides a significant amount of functionality to address many of the risks associated with complex spreadsheet files.”

“CIMCON Software is proud to welcome one of America’s leading retailers to our rapidly growing customer base,” said Sanjay Agrawal, Director. “CIMCON’s company philosophy is deeply rooted in continuous innovations through significant investments in research and development to provide productivity benefits while reducing spreadsheet risk. We are pleased to make this addition to our large portfolio of blue-chip clients and the largest installed customer base in the industry.”

About CIMCON Software, Inc.

With 22 years of innovation, experience and knowledge, CIMCON Software, Inc. is a recognized 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 over 230 companies for regulatory compliance. With a client base spanning North America, Europe and Asia and a 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 compliance with regulations such as Sarbanes-Oxley, Solvency II, Model Audit Rule, Basel II, MIFID and many others. As a thought leader, CIMCON has developed and maintains an educational portal www.spreadsheetcontrols.org to share its industry knowledge and expertise and as a service to the end user computing community.

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.

Heidi Sporel
Director, Marketing & Communications
CIMCON Software, Inc.
234 Littleton Road
Westford, MA 01886
Tel: 978-692-9868, ext. 207
Email: hsporel@cimcon.com

This release was published on openPR.