Vibato, LLC

October 06, 2010 07:00 ET

Vibato Repositions for Market Growth and Sees Accelerating Revenues

New Product Positioning Expands Customer Base

PETALUMA, CA--(Marketwire - October 6, 2010) -  Vibato is pleased to announce significant growth in our customer base and that YTD 2010 revenues have already surpassed those 2009 revenue totals. Since the initial product launch in the spring of 2009, we have added over 20 Public Companies to our list of satisfied clients, who use our software for their internal controls infrastructure and SOX compliance needs. Every client audit to date has been successful, with no material weaknesses reported from the areas covered by our solutions. Our customer base now spans biotech, clean tech, consumer products, electronics, chemicals, energy, insurance, mining, pharmaceuticals, restaurants, banking, non-profit, software and technology. Average implementation times are 1-3 days and we continue to experience a high customer satisfaction rating.

As part of our recent expansion, we have launched a new website at, and introduced new real-time dashboards and product packages designed to meet the needs of a broader, more diverse client base. The Vibato Internal Control Suite™ has been introduced in three new offerings titled Foundation, Small-Medium Business (SMB), and Enterprise, designed to address the demand for companies with internal control implementation and rationalization needs of any size.

"We continue to expand with recent wins in the banking and non-profit sectors," said Bill Bockwoldt, Chief Executive Officer of Vibato. "This brings our first year total to over 30 locations being served on three continents, and demand continues to be strong from mezzanine-financed and pre-IPO companies wanting to start with a best-practice approach to internal controls, as well as established organizations who are seeking an efficient reengineering effort with a high return-on-investment."

Vibato continues to expand their roster of satisfied clients, while seeking to build new relationships with consulting and services firms who offer expertise in the areas of audit, compliance and risk management.

About Vibato

Vibato was founded in 2008 to leverage a proven, best-practice methodology for implementing and maintaining internal controls over financial reporting. Vibato's unique software products identify risks, map mitigating controls, and provide complete supporting documentation to implement a complete internal control infrastructure in a matter of days. Our streamlined approach has been benchmarked against the Big Four audit plans, and deployed successfully across a diverse array of industries. Vibato solutions focus on scalability, standardization, modularity, and efficiency to deliver a compelling return-on-investment for companies of all sizes, in every industry.

Contact Information

  • Contact:
    Andrew Wilson
    (415) 240-4867 ext. 2400
    Email Contact