SOURCE: LeverPoint, LLC

September 24, 2007 11:50 ET

Network Security Consulting (NSC), Inc. Establishes Strategic Development Partnership With LeverPoint, LLC and LeverPoint Capital Partners, LLC

COLUMBIA, MD--(Marketwire - September 24, 2007) - NSC, Inc., a leading provider of Governance, Risk, and Compliance (GRC) software, today announced that it has selected LeverPoint, LLC of Reston, Virginia as strategic product development partner to assist in the completion of the next generation of its innovative GRC software, the Common Compliance Framework (CCF). NSC chose LeverPoint after an extensive evaluation of numerous "dual-shore" development providers that involved in-depth analyses of capabilities, resources, and demonstrated experience delivering successful commercial software products. LeverPoint clearly stood out as the partner to help complete the next-generation CCF. Tim Satterfield, CEO of NSC, had this to say about LeverPoint's selection: "LeverPoint brings great experience, knowledge of the enterprise software market, and an unrivaled enthusiasm for our product. Through the strength of their senior management team and the disciplined approach they take to product development, they quickly and efficiently alleviated any concerns we had about sending development work offshore. In addition to helping us successfully complete the new product, they have the capability to act as our ongoing solution support partner through many releases of the software."

NSC's CCF is a business process and corresponding software product for effectively and efficiently addressing a wide range of compliance needs within organizations of any size. By focusing on all the factors that affect compliance -- including regulations and best practices as well as internal, strategic business needs and mitigations against threats -- the CCF ensures that organizations can approach enterprise compliance in a holistic manner, by addressing every possible facet of compliance including security, privacy, financial responsibility, human capital management, environmental requirements, and the technical and operational controls required to address them.

The CCF software is used by organizations to build and maintain an overall compliance program that addresses all of the security threats and regulations to which it is exposed. Through the software, an organization sets a target for which it aims to achieve compliance with a broad range of criteria, while eliminating the redundancy and ambiguity that naturally exists between overlapping regulations, best practices, and internal organizational mandates. It then details each step that must be taken by the organization to meet that target, and thereby achieve compliance. Levels of progress toward compliance can be easily tracked through the CCF's unique reporting views, and can be evaluated by senior management including compliance officials, I.T. executives, and boards of directors using the software's fully auditable reports.

LeverPoint offers a unique approach to "dual-shore" software product development and advanced testing. At the core of LeverPoint's Product Development Life Cycle methodology is a flexible, streamlined version of the popular Software Development Lifecycle (SDLC) methodology called AUP (based on the Agile Unified Process ™). However, the LeverPoint PDLC methodology is not merely a streamlined version of AUP, but is a more comprehensive model. LeverPoint not only ensures repeatable, high quality software engineering and testing, but also addresses elements of the overall product development process that are ignored by pure SDLC methods.

LeverPoint's "Virtual Offshore Development Center," or VODC, exemplifies their seamless approach to transparency among client teams and LeverPoint teams -- both on shore and off. In the VODC model, all constituents are effectively integrated into a broader, more capable corporate ecosystem, efficiently managed through a strategic business and technology partner. On top of all this, LeverPoint's work is backed by its 100% client satisfaction guarantee. LeverPoint is proud to have retained every one of its clients throughout its corporate history.

Todd Bramblett, CEO of LeverPoint, is enthusiastic about the new relationship. "NSC's software is extremely well-designed and is targeted at an attractive, emerging market. The company is gaining traction in key vertical markets and we see outstanding growth potential. In fact, we are so about their vision and product direction that we have decided to take an equity stake in NSC through our funding division, LeverPoint Capital Partners, LLC (LCP)." LCP provides capital to a select few LeverPoint, LLC clients, with the mission of creating significant value while reducing overall risk for both LeverPoint and LCP's investor-partners. This is achieved by leveraging LeverPoint's product management and development expertise and personnel to accelerate the company's ability to bring product to market, as well as our extensive reach into the VC and private equity community to assist the company more quickly identify and gain access to institutional capital.

Together, NSC and LeverPoint are bullish on the opportunities to be realized with the next-generation CCF product. As Tim Satterfield notes, "This relationship is the launching point for the expansion of NSC as a true GRC provider, allowing us to mature beyond our information security roots. We are pleased to have found so capable a partner." Adds Todd Bramblett of LeverPoint, "We believe this will be a rewarding relationship for us, as a stepping stone to new opportunities in the GRC market."

About NSC

NSC is an organization of trusted advisors dedicated to solving our clients' information security, governance, risk, and compliance problems, and promoting the understanding and acceptance of appropriate measures to address these complex issues. The company is committed to assisting its clients with the creation and maintenance of enterprise-wide compliance programs through the implementation of its proprietary, patent-pending Common Compliance Framework (CCF) software. NSC can be contacted via e-mail at info@nscsecure.com and by phone at (410) 872-9202. Learn more about NSC at www.nscsecure.com.

About LeverPoint

LeverPoint provides software product development and testing outsourcing to software firms and departments of software-enabled enterprises worldwide using a unique dual-shore, partnership model we call VODC (virtual offshore development center). This dual-shore, dedicated team model allows LeverPoint and its clients to jointly optimize the team makeup across time-zones, skill sets and cost-points to tailor a team mix ideally suited to each client-partners unique technology, speed-to-market and cost drivers.

As specialists in bringing enterprise-class software products "from vision to market," LeverPoint augments each client-partners own internal team with any number of the following... information engineers, user interface designers, requirements analysts, software architects, software developers, user documentation specialists, and myriad types of software testers.

The company is headquartered outside Washington, DC with offices in the US, in Boston and New York and in the UK in London with global delivery centers in India, Argentina and Eastern Europe. LeverPoint can be contacted via e-mail at info@leverpointinc.com and by phone at (703) 435-6365. Learn more about LeverPoint at www.leverpointinc.com.

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