Company Ranked in Chartis RiskTech Quadrant® for Enterprise GRC for Two Years in a Row
ClusterSeven, a leading provider of end-user computing (EUC) management solutions, today announced that it has been ranked as a best-of-breed vendor in the Chartis enterprise GRC solutions RiskTech Quadrant® for 2015. According to Chartis, vendors such as ClusterSeven have best-in-class point solution capabilities together with organizational characteristics to capture significant market share in their chosen target markets.
In the report ClusterSeven’s Enterprise Spreadsheet Manager (ESM), Access Database Manager (ADM), and Inventory Management System (IMS) products were evaluated on two dimensions - market potential and completeness of offering. The 2015 report describes ClusterSeven as “a provider of strategic software for the management of user-built financial models and applications, including Microsoft Excel, Microsoft Access, QlikView®, Python and similar technology assets.”
“ClusterSeven solutions enable companies to identify and manage the critical spreadsheets in use throughout the organization,” stated Peyman Mestchian, Managing Partner at Chartis. “By putting a governance layer around these critical spreadsheets, ClusterSeven helps companies improve data quality, lower manual costs, and mitigate risk.”
“Our solutions help organizations validate and reconcile the unstructured risk data that resides in spreadsheets,” said Ralph Baxter, CEO and founder of ClusterSeven. “Once we validate the data our solutions can also integrate with enterprise GRC solutions so that the cleansed data is housed in a single data warehouse for reporting purposes.”
In December of 2014, ClusterSeven was ranked number 81 in the Chartis RiskTech100® report. The company was also recognized as a Best-of-Breed provider in the Chartis Operational Risk Management Systems for Financial Services report issued in May of 2015.