There’s a new sheriff in SharePoint town, and it’s designed to ensure data compliance and the privacy of sensitive content.

HiSoftware yesterday launched Security Sheriff SP, which the company said was specifically optimized for Microsoft SharePoint 2010. It joins the company’s Compliance Sheriff SP in overseeing management and security of health information, strategic product information, prerelease financial statements and more, according to the announcement of the product.

“Security and compliance are emerging as key stumbling blocks for enterprises who want to take full advantage of the content management and collaboration features within SharePoint 2010,” said HiSoftware CEO Kurt Mueffelmann. “As SharePoint grows, the type and composition of data organizations want to store and share expands as well, with big implications for information governance and user adoption.”

The software continually audits data and documents flowing through SharePoint 2010 for compliance to rules and policies regarding privacy, information security, accessibility and brand integrity, among others. Once the content is classified by HiSoftware’s rules engine, the values can be used by Security Sheriff SP to apply permission for individual items, regardless of permissions applied to the larger site, library or list in which the item resides, according to the company’s announcement.

Compliance Sheriff SP and Security Sheriff SP will be generally available on Dec. 16.