CIMCON Software Acquires Finsbury Solutions, Ltd.

CIMCON Software Acquires Finsbury Solutions, Expanding its Market Leadership in End User Computing (EUC) Governance, Risk and Compliance (GRC) Management Solutions

July 20, 2023. Boston and London. CIMCON Software, a leading provider of End User Computing (EUC) Governance, Risk and Compliance (GRC) Management solutions, is pleased to announce its acquisition of Finsbury Solutions, a prominent software company specializing in Spreadsheet Control and Compliance solutions. This strategic acquisition reinforces CIMCON's commitment to delivering comprehensive EUC risk management solutions to organizations worldwide.

With over 16 years of market presence, Finsbury Solutions has a large customer base, a partner network, and a strong track record of helping organizations to streamline their reporting processes, ensure data accuracy, and adhere to regulatory requirements. The acquisition of Finsbury Solutions further strengthens CIMCON's customer portfolio and enhances its ability to offer end-to-end compliance solutions that meet the evolving needs of its clients. In an increasingly complex regulatory environment, customers will benefit from an innovative and comprehensive suite of solutions that address their compliance and risk management needs more effectively.

“We are excited to welcome Finsbury Solutions to the CIMCON family," said Sanjay Agrawal, President and CEO of CIMCON. "This acquisition is a significant milestone for our company, as it expands our customer base, strengthens our market presence globally, and reinforces our market leadership in the EUC space. Finsbury’s market presence and reputation for over sixteen (16) years aligns perfectly with our mission to expand our customer footprint and provide innovative, scalable, and user-friendly solutions that enable businesses to reduce their business and regulatory risk. The acquisition is poised to make a significant impact on the market and enable businesses to thrive in an increasingly complex regulatory landscape.”

"Joining forces with CIMCON presents a tremendous opportunity to deliver enhanced solutions to our customers," said Adrian Maconick, CEO of Finsbury Solutions. "CIMCON’s market leadership, reputation and commitment to excellence in the EUC space made them an ideal partner for us. We look forward to leveraging our combined strengths, customer base and product portfolio, to help customers streamline their governance, risk and compliance processes more efficiently."

About Finsbury Solutions

Established in 2006, Finsbury is a premier supplier of End User Computing and spreadsheet management solutions to the financial services, pharmaceuticals and corporate sectors. After its acquisition of Compassoft in 2009, Finsbury created a comprehensive portfolio of products that includes Spreadsheet Workbench™, DaCS™, Exchecker™ and EUC Enterprise™. With a strong customer base and a focus on customer success, Finsbury has established a reputation for delivering reliable solutions for enterprise risk management.

About CIMCON Software

With twenty-five (25) years of experience, CIMCON Software is widely recognized as the Market Leader in End User Computing (EUC) Governance, Risk and Compliance. CIMCON has over 600 customers in 30 countries, including the top global companies in banking, insurance, asset management, life sciences, energy and a wide range of other industries.

CIMCON’s comprehensive product portfolio includes EUC Insight™, a single enterprise platform for Inventory, Discovery, and Change Management for a wide range of file types, XLAudit™ for spreadsheet logic analysis, and eInfotree™ Excel Desktop for 21 CFR Part 11 compliance. These comprehensive set of solutions enable organizations to manage and mitigate risk, ensure compliance with regulations, and drive operational excellence.

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Joe Galletta, Director of Sales and Marketing

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