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| Spreadsheet management vendor, ClusterSeven signs nine new clients | |
| 4th June 2007 ClusterSeven, the specialist provider of spreadsheet management software, has announced increased uptake for its software in North America and Europe since autumn of last year. The firm reported nine new contract wins, consisting of seven investment banks and two hedge funds. ClusterSeven provides technology for managing, analysing and auditing the activity and data generated by Excel spreadsheets. The solution addresses operational risk, control and compliance issues by providing non-invasive, passive monitoring and tracking of spreadsheets down to a cell level across an institution. To support the rapid expansion of the business, ClusterSeven has added several critical positions to the organisation. Mike Finta, the latest strategic hire, has accepted the role of Global VP of Product Development and will be based in London . In this capacity, he will extend ClusterSeven's product and market reach globally and look into expanding the firm across other major hubs in North America . Steve Semenzato, CEO, ClusterSeven, said, “2007 has already been a very positive year for us and we have generated a significant amount of new business. As North America is the base for global banking and capital markets we have invested heavily in this region. The hire of Mike Finta will enable us to continue this growth, taking full advantage of his knowledge of market drivers, including enhanced compliance efforts such as SOX 404 and IAS39 to reduce operational risk.” |
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