Press Release

Brabeion Simplifies IT Security Compliance—Becoming Sole Independent Software Vendor to License IT Controls Content from PricewaterhouseCoopers and the IT Governance Institute's COBIT 4.0 Framework

Strengthening Its Command Position in Compliance, Brabeion Gives Customers an advantage in designing effective internal controls to achieve business benefits and SOX 404 requirements

MCLEAN, VA—October 24, 2006—Brabeion Software, a leader in IT security risk and compliance management software, has become the first independent software vendor to deliver two components critical to helping organization address Sarbanes Oxley 404 compliance: controls content from PricewaterhouseCoopers LLP and the COBIT 4.0 control framework licensed from the IT Governance Institute (ITGI). As the only ISV to license both PricewaterhouseCoopers and COBIT 4.0 content, Brabeion has also integrated that content into Brabeion Compliance Center (BCC), its software solution for IT Compliance Policy Management. As a result, Brabeion Compliance Center is the first compliance platform that defines what should be done—as specified by ITGI’s COBIT control objectives—and how control objectives can be achieved—as specified by Brabeion controls including controls content licensed from PricewaterhouseCoopers. Unlike with any other solution, BCC customers receive a complete compliance management and communications solution built on the industry’s largest library of IT security controls content. BCC allows customers to blend their current compliance program content with, and map it to, these sources.

BCC automates compliance documentation. By incorporating COBIT control objectives, BCC identifies and eliminates gaps in security, change control, and configuration management, as well as all other COBIT processes. Companies use BCC to identify gaps in Sarbanes Oxley 404 compliance down to the control level for all their information assets, ranging from host-server operating systems, to databases and other critical resources in the IT environment. BCC today incorporates over 12 regulatory modules and enables users to manage over 85 types of assets.

Global accounting firms, along with major international bodies and the European Union, have adopted COBIT’s management control and accountability metrics for its 34 identified IT processes. “Clients in the midst of building or strengthening their IT governance should adopt, in whole or in part, the substance of COBIT 4.0,” said Craig Symons, Senior Analyst with Forrester Research. “It forms the foundation for a strong IT governance framework.”

In June, 2005, Brabeion forged an alliance with PricewaterhouseCoopers that gave Brabeion exclusive rights to license PricewaterhouseCoopers’ security controls content for use in a compliance software platform. Therefore, Brabeion Compliance Center is unique in providing customers both embedded COBIT control objectives and embedded PwC controls content in a single platform.

“Our agreement with PricewaterhouseCoopers, and now with ITGI, demonstrates our mission to strengthen internal controls and simplify the Sarbanes Oxley 404 process, thereby enabling companies to keep their sights on their core business objectives,” said Julian Waits, president and CEO of Brabeion Software. “By combining this content from ITGI with the controls content we already license from PricewaterhouseCoopers, we provide our customers a sustainable advantage in managing their compliance programs and reducing audit complexity.”

Brabeion Compliance Center, a comprehensive information-security compliance and management platform, provides the content and framework that enable enterprises to accelerate results and lower compliance costs. BCC is powered by Brabeion’s comprehensive compliance content library, providing enterprises the tools they need to develop internal controls processes and the content they need to help them pass IT audits.

PricewaterhouseCoopers controls content is embedded in all versions of Brabeion Compliance Center, and ITGI’s COBIT 4.0 content is sold in conjunction with the BCC Sarbanes Oxley Regulatory Module. For Brabeion Compliance Center customers, COBIT 4.0 is available as part of a maintenance program. COBIT 4.0 is also available as part of a Brabeion Compliance Center upgrade program for ESAS customers.

About Brabeion Software

Brabeion Software is a critical component of an organization’s strategy to develop a sustainable compliance program to achieve business goals and Sarbanes-Oxley requirements. 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 license and embed PricewaterhouseCoopers’ controls content (i.e., policies, standards, and IT controls). Brabeion Software is successfully deployed across vertical markets including manufacturing, finance, transportation, and oil & gas/energy. 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