SOURCE: Paisley

October 25, 2007 14:43 ET

Paisley GRC on Demand™ to Service Discovery Communications for Governance, Risk and Compliance

MINNEAPOLIS, MN--(Marketwire - October 25, 2007) - Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced that Discovery Communications has chosen GRC on Demand™ to manage its governance, risk and compliance initiatives. Paisley was selected because of its proven market leadership, vision and ability to deliver. Paisley GRC on Demand will enable Discovery to automate processes and reduce the time and costs associated with governance, risk and compliance initiatives.

Discovery Communications is the number-one non-fiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Through TV and digital media, Discovery's 100-plus worldwide networks include Discovery Channel, TLC, Animal Planet, The Science Channel, Discovery Health and HD Theater.

"GRC on Demand continues to be recognized in the marketplace as a robust and comprehensive solution," said Tim Welu, CEO of Paisley. "We are encouraged by strong demand from leading organizations like Discovery that are looking to address their governance, risk and compliance requirements in a holistic way."

"GRC on Demand includes the functionality we were looking for and the capabilities to automate and manage our GRC efforts in a single, unified, scalable solution," said Richard Rowe, Senior Vice President, Internal Audit, Discovery Communications. "We are confident that GRC on Demand will be instrumental in improving the efficiency of our financial controls management and broader audit efforts, and in the longer term, the quality and efficiency of governance, risk and compliance processes across the organization."

Based on the cost-effective Software as a Service (SaaS) delivery model, GRC on Demand includes purpose-built functionality for financial controls management, audit management, operational risk management (ORM), enterprise risk management (ERM), IT governance and compliance -- all in a single integrated platform. The product's integrated approach enables businesses to easily manage multiple GRC requirements from one solution for greater efficiency and effectiveness.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley's solutions enable organizations to streamline governance, risk and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

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