Press Release

Brabeion Brings On Demand Software Model to IT Governance, Risk and Compliance

Rapid SaaS deployment delivers agility and higher value at a lower cost for organizations with urgent IT GRC needs

RESTON, VA — July 30, 2008 — Brabeion Software, a leading provider of IT Governance, Risk and Compliance (IT GRC) management software, announced today the availability of Brabeion On Demand™, a Software as a Service (SaaS) alternative that allows customers to quickly leverage all the benefits of Brabeion’s industry-leading solution without the complexity and cost of managing the IT infrastructure required to support it. A SaaS model is particularly attractive to organizations that wish to jump-start their IT GRC programs without an upfront investment in IT infrastructure or have an urgent need to address a single regulatory requirement in specific industries such retail, healthcare or energy. Brabeion Software will continue to offer its award-winning solution through the traditional perpetual licensing model as well.

The urgent need to implement and rapidly mature programs that automate governance processes, optimally manage risk and demonstrate compliance is driving the growth of on-demand solutions as companies seek a lower cost, outsourced infrastructure to achieve their business objectives.

Survey research conducted over the past three years by THINKstrategies and Cutter Consortium has found rising SaaS adoption with a third of respondents using a SaaS application and another 37% considering it. Four out of five will adopt a SaaS solution in 2008.

“Software as a Service just makes sense when business units need rapid and secure deployments to meet urgent business requirements,” said Bill Boni, Vice President and Corporate Information Security Officer for Motorola Information Protection Services. “As IT groups deal with increasing infrastructure complexity along with growing demands from business units and lengthening change management cycles, outsourcing key applications to reliable vendors can provide dramatic business benefits that cannot be always be achieved by traditional deployment models.”

According to Gartner, “Software as a Service is forecast to have a compound growth rate of 22.1% through 2011 for aggregate enterprise application software markets, more than double the rate of enterprise software.” 1

Brabeion Software is the only company to provide a complete IT GRC management software solution and has gained public recognition as a leader over the past year by Fortune 500 companies and industry analysts. The Brabeion IT GRC Management Suite manages policies, automates IT control monitoring and measures what actually occurs against what business policies, internal governance, and regulatory sources demand.

Brabeion On Demand offers several key benefits to organizations that wish to jump-start IT governance, risk and compliance programs without a high upfront investment in software and IT infrastructure.

Brabeion’s solution brings to customers an end-to-end IT GRC suite complete with policy management, survey and assessment capabilities, and robust compliance and risk dashboards. As part of Brabeion On Demand, customers will have access to the Brabeion Knowledgebase – a library containing over 30 regulations, 1,000 IT standards and 6,000 detailed technology controls with content from PricewaterhouseCoopers. With the functionality in the Brabeion solution, and the deep IT controls content in the Brabeion Knowledgebase, customers will be able to move quickly to a robust risk and compliance infrastructure without the lengthy implementation cycles associated with enterprise deployments.

1. Higher Value at a Lower Cost

Brabeion On Demand lowers operating costs by an estimated 25% by eliminating the need to purchase, maintain and upgrade hardware and software. Value can be realized immediately with a low monthly subscription fee, no upfront license costs and no ongoing maintenance fees.

1. Faster, Easier Deployment

With Brabeion On Demand, customers can be up and running in days – reducing compliance cycles and costs by over 50% leveraging the Brabeion Knowledgebase, publishing policy, automating assessments, measuring compliance and optimally managing risk. In addition, customers can apply new features quickly bypassing lengthy upgrade processes. 

1. Industrial Strength, Reliability and Security

Brabeion On Demand is hosted through SAVVIS, a recognized leader in delivering world-class reliable, secure IT Infrastructures. SAVVIS provides flexible hosting, network, security and application services for over 4,000 customers, including many of the Fortune 500, from its 29 datacenters globally, many connected via SAVVIS’ Tier-1 Internet backbone.

“A significant segment of our target market has demonstrated to us their need for more agile deployment alternatives. Brabeion On Demand fulfills that need. Teams can be freed to focus exclusively on maturing governance, risk and compliance programs by quickly and smoothly automating key business processes, without the distraction and complexities of managing the IT infrastructure,” said Julian Waits, president and CEO for Brabeion Software. “Brabeion is committed to continuing to drive the industry vision for IT GRC by delivering innovative, value-driven products and services for our customers.”

Pricing and Availability
Brabeion On Demand is available immediately. Pricing starts as low as $7,000 per month. For more information contact sales@brabeion.com or go to www.brabeion.com/solutions/ondemand.

About Brabeion Software

Brabeion, the leading software provider in IT Governance, Risk and Compliance (IT GRC), helps organizations demonstrate governance, dramatically reduce risk and improve compliance while lowering costs. Brabeion's Polaris Suite is the first IT GRC solution to trace the full lifecycle of risk and compliance impacts from business and legislative requirements through to policy, implementation procedures and controls with automated audits and assessments. It is powered by comprehensive information risk and audit content developed and maintained by our team of domain experts, through strategic alliances with organizations including PricewaterhouseCoopers LLP, IT Governance Institute and others. Brabeion Polaris puts you in control of your governance, risk and compliance profile at every level and stage of your business process.

Brabeion is a member of the Open Compliance and Ethics Group Technology Council, Information Security Forum (ISF), PCI Vendors' Alliance and Oracle's GRC Vendor Alliance. For more information, visit www.brabeion.com.

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