Overview

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Status
Acquired by on February 13, 2008
Total Equity Funding
$31M in 4 Rounds from 4 Investors
Headquarters:
San Jose, CA
Description:
Movaris offers solutions that integrate and manage financial close and other governance, risk and compliance processes.
Founders:
Categories:
Risk Management, Finance, Software
Website:
http://www.movaris.com/

Company Details

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Movaris, Inc. offers solutions to integrate and manage financial close and other governance, risk, and compliance processes. The company's Movaris Unity application suite includes Enterprise Risk Manager that allows corporations to document and manage identified risk in the organization; GRC for use in the enterprise to address compliance, risk, and performance management initiatives; Account Reconciliation, which enables financial organizations to track and review account reconciliation tasks during the financial close process; Sarbanes-Oxley Compliance that manages various SOX activities by documenting various controls, testing, and remediation, as well as assigns tasks to individuals and delivers audit trails; and Financial Close, which enables financial organizations to track and review financial close tasks during the auditing and reporting processes. It also provides OneClose e-Binder that creates a system of record for various close, reconciliation, and compliance activities, as well as enables management and auditors to retrieve various documents to reconstruct a financial period; and OneClose Platform, which assigns tasks to performers and reviewers, as well as integrates account reconciliations with SOX compliance testing and financial close activities. In addition, the company offers implementation, training, and on-going support services. It serves financial services, insurance, manufacturing, technology, consumer goods, retail and distribution, media, energy, transportation, health, and medical industries. The company was formerly known as Paper2net and changed its name to Movaris, Inc. in 2001. Movaris, Inc. was founded in 1998 and is based in San Jose, California. As of February 14, 2008, Movaris, Inc. operates as a subsidiary of Trintech Group plc.

Funding Rounds (4) - $31M

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DateAmount / RoundValuationLead InvestorInvestors
Aug, 2006$6M / Series C4
Mar, 2005$10M / Series C4
Oct, 2002$8M / Venture2
Nov, 2001$7M / Series A1

Board Members and Advisors (3)

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News (6)

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Offices/Locations (1)

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  • Office

    2033 Gateway Place

    Suite 300

    San Jose, CA 95110

    USA

Past Team (3)

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Images (1)

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