Convercent, Compliance Software in the Cloud, Lands $10 Million From SAP Ventures

[Edgardo Wason]

You can now add compliance to the growing list of things that companies can do with software that runs in the cloud.

Compliance is the nitty-gritty business of making sure that every employee has been trained on, say, the latest ethics policies, then keeping a record of it all. It’s also the business of “hotlining,” or creating a way for employees to report a violation when they know about it, or to complain when they’ve been sexually harassed, and then track the case from there.