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§ Private Profile · Scotts Valley, CA, USA
Develops software for information management, regulatory compliance, and auditing, serving life sciences and financial services.
Based in Scotts Valley, California, Compassoft Inc develops information management, regulatory compliance, and auditing software for enterprise clients. The company specializes in spreadsheet management and compliance solutions tailored for highly regulated industries, including the financial services and life sciences sectors. To expand its reach within the pharmaceutical industry, the firm established a strategic partnership with Pharmaceutical Services Corporation to deliver specialized regulatory compliance tools. Prior to its acquisition, the enterprise software provider generated an estimated $26.2 million in annual revenue and secured venture capital backing from lead investors Advanced Technology Ventures and Leapfrog Ventures. In 2013, the company's products and core assets were officially acquired by Finsbury Solutions to integrate its auditing capabilities into a broader financial software portfolio. The specific founding year and the original founders of the organization are not currently publicly disclosed.
Compassoft has raised $11.0M across 2 funding rounds.
Compassoft has raised $11.0M in total across 2 funding rounds.
Compassoft has raised $11.0M in total across 2 funding rounds.
Compassoft's investors include Advanced Technology Ventures, Bessemer Venture Partners.
Compassoft has raised $11.0M across 2 funding rounds. Most recently, it raised $7.0M Series B in May 2007.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2007 | $7M Series B | — | Advanced Technology Ventures, Bessemer Venture Partners | Announced |
| Aug 1, 2003 | $4M Series A | — | Advanced Technology Ventures, Bessemer Venture Partners | Announced |
Compassoft was a private technology company that provided software solutions for the discovery, validation, and control of end-user computing (EUC) applications, enabling data governance for regulatory compliance and accounting controls.[1] It also offered telecom expense management software and digital workplace services, including consulting for optimization, operations outsourcing, automated invoice verification, and budget breakdowns by department.[1] The company served enterprises needing to manage EUC risks and telecom costs, solving problems like compliance failures, inefficient expense tracking, and operational waste; however, it was acquired by Finsbury Solutions, which integrated its EUC products to expand product coverage and customer base.[2]
Limited public details exist on Compassoft's founders or exact founding year, but it operated as a private company focused on niche enterprise software for EUC governance and telecom management.[1] Its backstory centers on addressing mission-critical needs in data control and expense optimization, gaining traction in markets with regulatory demands before the strategic acquisition by Finsbury Solutions.[1][2] This pivotal moment marked its evolution from standalone provider to part of a broader fintech solutions portfolio.[2]
Compassoft rode the trend of increasing regulatory scrutiny on EUC and telecom expenses in enterprise IT, where uncontrolled spreadsheets and shadow IT posed compliance risks amid rising digital workplace demands.[1][2] Its timing aligned with post-2020 shifts to remote work and cost optimization, favoring market forces like invoice automation and governance tools.[1] By enhancing Finsbury's portfolio, it influenced fintech ecosystems, bridging EUC management with broader financial software, though its direct impact diminished post-acquisition.[2]
Post-acquisition, Compassoft's EUC products live on within Finsbury Solutions, likely evolving with AI-driven compliance trends and integrated fintech stacks.[2] Rising data regulations and hybrid work will shape its legacy, amplifying influence in enterprise governance without standalone growth. This integration positions it to tackle escalating EUC risks at scale, tying back to its core strength in turning compliance burdens into operational advantages.[1][2]