SOURCE: Compushare, Inc.

Compushare, Inc.

September 07, 2011 08:00 ET

Compushare, Inc. Announces the Release of Its Cloud-Based Compliance Management Solution With the Acquisition of Styzer Risk Management

The Acquisition Will Allow Compushare to Provide Its Clients With a Fully Hosted and Integrated IT Risk Management Solution

SANTA ANA, CA--(Marketwire - Sep 7, 2011) - Compushare, the nation's leading Technology Management Provider for the financial industry, announced today the acquisition of Styzer Risk Management, a Lexington, Kentucky-based provider of IT risk management solutions for financial institutions. Styzer is the creator of Risk Director®, a cloud-based solution used to develop, maintain, and report on business continuity, information security, vendor management, auditing and other IT risk management functions. The acquisition will allow Compushare to provide its clients with a cost-effective, fully-hosted and integrated IT risk and compliance solution offered in a Software-as-a-Service (SaaS) model. Compushare clients, in turn, will benefit by being able to reduce their IT risk management burden dramatically while increasing their results through automation.

As a former examiner for the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), Styzer's CEO and founder, Brad Fenster, will join Compushare's Risk and Compliance Group and will bring a new level of hands-on regulatory expertise to the Compushare team and its clients. Additionally, Styzer clients will benefit from an expanded scope of technology management solutions including Compushare's completely cloud-based technology. "We are excited to join Compushare in servicing the compliance and technology needs of financial organizations," states Fenster. "The solutions and cultures of Compushare and Styzer nicely complement one another, making this an ideal opportunity that will greatly benefit all clients. The combination of the two companies will expand our offerings and provide additional compliance expertise and technology support for our clients who all face increased regulatory pressure."

Romir Bosu, CEO of Compushare, added, "Styzer brings many new capabilities to the table. Not only will Compushare be gaining tremendous compliance expertise as a result of the acquisition, but we believe the risk management solution that Styzer has created is unrivalled in the industry. We are pleased to be adding it to our portfolio of cloud-based solutions and integrating it in our C3 hosted applications platform." Compushare rolled out its fully-hosted cloud platform in late 2010 and had been seeking an IT compliance application that could be delivered through the cloud to add to the platform. "Styzer's offering was the best solution that allowed for cloud delivery and combined all of the IT risk management components our financial clients require," states Bosu. "We are excited about the acquisition and the opportunities the combined organization will have in the financial industry. In today's market, it is exciting to be able to strengthen the company through acquisitions and be organically innovating new solutions at the same time." The acquisition combines the expertise, technology and compliance resources of Compushare and Styzer and will deliver innovative, easy to use, and cost effective compliance solutions that community financial institutions require. Since unveiling their acquisition strategy in 2005, this is Compushare's seventh acquisition.

About Compushare:

Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 15 years of technology experience supporting over 800 financial clients nationwide, Compushare is a SAS 70 Type II certified, FDIC reviewed, and preferred partner with many major providers. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.

Learn more about Compushare, Inc. at

About Styzer Risk Management:

Styzer Risk Management is a Lexington, Kentucky-based audit and consulting company specializing in community banks and credit unions. Styzer was started by a former examiner with the FDIC and NCUA. Styzer's services center around FFIEC compliant auditing, consulting, and software. Its solutions meet FFIEC requirements for information security, business continuity, vendor management and more.

Learn more about Risk Director® here (

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