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Where: Englewood
www.rivetsoftware.com
Founded: Summer 2002
After selling FRx Software to Microsoft Business Solutions in 2000, founder Mike Rohan took some time to contemplate his next entrepreneurial move. Then the Enron scandal broke, followed by WorldCom, and Congress passed the Sarbanes-Oxley Act in 2002 to protect investors and prevent financial malpractice. With CFOs and CPAs on the cusp of a new regulatory environment, Rohan saw a market need and founded Rivet Software. "We believe there is a gap between the financial software available today and what financial professionals really need," said Rohan, Rivet's president. "We are creating software from scratch that addresses the need for transparency and corporate governance."
After operating in stealth mode for two years, the 18-employee Rivet launched its first product, Dragon Tag, in November. The company is currently developing additional products that meet the Sarbanes-Oxley needs of financial professionals, with plans for multiple releases by the end of the year.
Rivet's Dragon Tag, so named for its user-friendly...