RedRover Software Announces General Availability of DETECT

CORVALLIS, Ore., Nov. 19 /PRNewswire/ -- RedRover Software Sr. VP of Sales Stephen Brown announced the November 19th 2008 introduction of the company's DETECT spreadsheet error-finding solution for corporate users. The application employs RedRover Software's transparent overlay technology and an intuitive user interface to create a spreadsheet error-finding solution that can be used immediately without training or manuals.

"DETECT was developed to be 'open and use' software that will help all levels of Excel users find and correct the kinds of spreadsheet errors that have recently made headlines, costing corporations billions of dollars in actual and consequential financial losses," said Brown.

"As a follow-on application to RedRover Software's popular AUDIT solution, DETECT extends the reach of sophisticated spreadsheet error finding and correction capabilities to virtually the entire Excel user-base, estimated at 450 million licensed installations," said Brown.

DETECT scans spreadsheets with one-click simplicity, highlighting likely errors via an easy-to-use and straightforward interface. Using advanced diagnostics, RedRover Software's DETECT identifies spreadsheet errors wherever they are hidden, with greater accuracy than any other available error detection tool.

RedRover Software aims its applications at corporate decision makers with Governance, Risk Management and Compliance (GRC) responsibilities. Internal and external auditors, finance executives, compliance managers and consultants concerned with financial exposure and risk mitigation have found RedRover Software's solutions to be invaluable tools for finding and preventing spreadsheet errors before they create negative operational or financial consequences. With DETECT, spreadsheet error-finding software may now be economically deployed on every desktop in a corporation, including operations, administration, as well as in sales and marketing.

After ten years of spreadsheet and user behavior research, Oregon State University professors Margaret Burnett, Martin Erwig, and Gregg Rothermel recognized an untapped market for spreadsheet error detection software. They co-founded RedRover Software with a vision that business users should have powerful, intuitive tools that mitigate the financial and public relations risks associated with uncorrected spreadsheet errors. More information about the company may be found at http://www.redroversoftware.com.

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.