Movaris

Movaris offers solutions that integrate and manage financial close and other governance, risk and compliance processes.

Business Model:

Revenue: $0

Employees: 1-10

Rankings

Detailed Movaris Information

Movaris was acquired by Trintech.
The acquisition happend on 2008-02-13.
Details of the transaction were not public

Acquirer

Geographic Data

Movaris headquarters map

Address:

City: San Jose

State: California

Zip:

Country: United States

Financial Info

Stage:

series c

Raised Last:

$6M

Raised Total:

$31M

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

Movaris, Inc. offers solutions to integrate and manage financial close and other governance, risk, and compliance processes. The company&s;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.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
8/2006 Series C 4 $6M Adobe Ventures
Granite Ventures
Mohr Davidow Ventures
Redpoint
Adobe Ventures
Granite Ventures
Mohr Davidow Ventures
Redpoint
2/2005 Series B 2 $10M Mohr Davidow Ventures
Redpoint
Mohr Davidow Ventures
Redpoint
11/2001 Series A 1 $7M Redpoint
Redpoint
10/2002 Venture Round 2 $8M Mohr Davidow Ventures
Redpoint
Mohr Davidow Ventures
Redpoint
Announced Date Name Price

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