Press Release

Brabeion Software Names Former PwC Regulatory Compliance Expert, Steven Schlarman, Chief Compliance Strategist

Schlarman to Drive Strategy of Company’s IT Risk and Compliance Software

MCLEAN, VA—June 20, 2006—Brabeion Software, a leading provider of IT security risk and compliance management software, has named former PricewaterhouseCoopers LLP (PwC) Director, Steven Schlarman, Chief Compliance Strategist. Mr. Schlarman brings deep compliance, security and audit expertise to Brabeion. He will report to Brabeion President and CEO, Julian Waits.

Mr. Schlarman is a recognized authority and published author on IT security and compliance. During his tenure at PwC, Mr. Schlarman focused on security strategy, security policy development, penetration studies, Sarbanes-Oxley preparation and computer crime investigation. Mr. Schlarman served as PwC’s global subject matter expert on enterprise security architecture and security policy, and led the development of PwC’s original Enterprise Security Architecture System (ESAS). Brabeion acquired ESAS from PwC and announced a strategic alliance with PwC to distribute its globally recognized IT audit and compliance content in June 2005. The product was enhanced in 2006 and renamed Brabeion Compliance Center.

”With the addition of these regulatory modules, Chevron is better positioned to more proactively manage, deploy, and mitigate ongoing compliance efforts for SOX, HIPAA and other global regulatory requirements,” said Jay White, Global Information Protection Architect, Chevron. ”Never before have we been able to implement easily and quickly such a comprehensive solution across our widely distributed information assets for compliance with external and internal regulations and security protocols.

As organizations continue to make compliance and corporate governance a priority, Brabeion is committed to delivering innovative and compelling software solutions that enable our customers to manage the complete IT compliance life cycle,” said Mr. Waits. ”As our Chief Compliance Strategist, Steve is a critical asset in driving our direction and strategy of sustainable IT compliance life cycle management for our global 2000 customers.”

”My time at PwC delivering security and compliance advisory services provides me with unique insight into what is required for a successful, sustainable compliance program,” said Schlarman. ”Brabeion software is a significant part of a successful security and compliance initiative and I am excited about the opportunity to work with Brabeion’s customers, prospective customers, partners and employees to ensure we continue to provide value to the many organizations who seek to achieve their business goals through cost-effective, sustainable compliance.”

About Brabeion Software

Brabeion Software is a critical component of an organization’s strategy to develop a sustainable compliance program that achieves business goals while meeting the requirements of the most demanding auditors. With Brabeion’s solutions, organizations can manage the complete compliance life cycle for information technology to mitigate IT risk more effectively, improve compliance reporting and metrics, and ease the compliance and audit burden. Brabeion is the only software solution to embed PricewaterhouseCoopers’ audit content (i.e., policies, standards, and IT Controls), enabling organizations to take advantage of more than 15 years of information technology auditing experience. Brabeion Software is successfully deployed across vertical markets including manufacturing, finance, transportation, and oil & gas/energy. Customers include Chevron, Norfolk Southern, CIT Group, Novartis, American Airlines, and Burlington Northern Santa Fe Railways. Please visit www.brabeion.com for more information.

Press inquiries:
Yo Delmar, Brabeion Software, tel: 866 710 8118; email: yo.delmar@brabeion.com or Leslie Kesselring, Kesselring Communications, LLC tel: 503 358 1012; email leslie@kesselring.net