RedRover Software Announces General Availability of AUDIT

CORVALLIS, Ore., May. 20 /PRNewswire/ --

CORVALLIS, Ore., May 20 /PRNewswire/ -- RedRover Software CEO Joe Tanous today announced the May 21st 2008 launch of the company's AUDIT spreadsheet error-finding solution. AUDIT was developed for use by Fortune 1000 businesses seeking to reduce risk, increase compliance and avoid the kinds of critical spreadsheet errors that have made worldwide headlines in recent months.

"Audit is designed to help companies control the internal and external risks associated with spreadsheet errors, whether those errors exist through unintentional mistakes or through deliberate fraud," said Tanous.

"This is an important milestone in the development of RedRover Software as it is our first major application to come out of a long term BETA program and be announced for General Availability to corporate users. Among our launch customers are a major San Francisco Bay Area bank and a national financial services consulting firm," said Tanous

Internal Auditors, Financial Managers, and Excel(R) spreadsheet developers who have important responsibility inside their employer companies for risk management, regulatory compliance and other fiduciary matters rely on RedRover Software's Audit to help find and fix errors in complex spreadsheet workbooks.

Unlike other error detection or compliance software tools, RedRover' s technology presents users with a highly intuitive visual "heat map" spreadsheet overlay that depicts potential problems by likelihood of risk, and provides point-and-click navigation to find and fix errors. More information about the company and its solutions may be found at http://www.redroversoftware.com.

Following completion of more than ten years of spreadsheet and user behavior research, Oregon State University Professors Margaret Burnett, Martin Erwig, and Gregg Rothermel recognized an extensive and largely untapped market for spreadsheet error detection tools. Together they co-founded RedRover Software to develop and market productivity solutions for corporate spreadsheet users.

RedRover Software is headquartered in Corvallis, OR with sales offices near Silicon Valley in Northern California. Angel funded, the company is actively raising venture capital to grow its sales and marketing effort to match the very large opportunity it believes exists for its software offering.