Finsbury Solutions, a supplier of spreadsheet management and control software, has acquired the products and assets of Compassoft Inc, a US based governance risk and compliance software vendor.
Finsbury is committed to supporting and developing Compassoft’s EUC products. It will combine and integrate Compassoft’s EUC software with its Spreadsheet Workbench application to offer product package for the management of spreadsheets and end user databases.
“Regulatory obligations and best practice require companies to put in place more effective controls over EUC applications,” says Jeremy Wood, director, Finsbury Solutions. “The current lack of end user computing control is a serious and growing problem, particularly in the financial services sector.”
“This acquisition enables us to provide the most complete set of spreadsheet and EUC control capabilities. Compassoft’s enterprise EUC system’s discovery and risk profiling capabilities are the mostcomprehensive and scalable in the market. This will be combined with our existing Spreadsheet Workbench solution, which sets the standard for spreadsheet security, access control, audit and analytics.”
“We are delighted that Compassoft has been acquired by market leader Finsbury Solutions,” says Paul Bach, board director, Compassoft. “We believe that the combined product offering and Finsbury’s commitment to customer support provides our clients and prospects with an excellent future.”
L.D.