ClusterSeven Expands International Usage of Spreadsheet Management Offering to 20 Countries

London and New York - 25 March 2010

Growing International Footprint Demonstrates Financial Industry’s Need for Tighter Control of Financial Transactions

ClusterSeven, an international provider of strategic spreadsheet and data management software for financial institutions and Fortune 500 financial reporting divisions, announced corporations in 20 countries now use its Enterprise Spreadsheet management solution.

Some of the additional countries ClusterSeven recently added through new deals or expansion of existing Fortune 500 customers include the following: Australia, China, India and Israel. This growing demand for spreadsheet management technology is due to the organizational requirements for stricter operational controls, intelligent data validation and cost-effective business insight that drive profitability. Uniquely, ClusterSeven’s technology allows one installation to monitor spreadsheets simultaneously across many countries, making it extremely efficient to extend usage within multinational organizations.

ClusterSeven’s spreadsheet management solution offers the capability to monitor the use of spreadsheets, proactively avoid errors, reduce fraud, maintain the security of the data and use this data as a source for business intelligence to help enhance profitability.

“Within the course of only seven months, ClusterSeven’s worldwide presence has significantly expanded, providing evidence that spreadsheet management continues to be a global priority,” said Ralph Baxter, CEO of ClusterSeven. “ClusterSeven’s solution is more than just compliance. Our ability to validate and reconcile data across multiple data files is driving benefits way beyond the initial expectations of clients.”

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