SOURCE: Paisley

April 20, 2007 10:54 ET

Paisley Announces General Availability of GRC on Demand™

GRC on Demand™ Provides Complete and Cost-Effective Governance, Risk and Compliance Solution via Software as a Service Delivery Model

MINNEAPOLIS, MN -- (MARKET WIRE) -- April 20, 2007 -- Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced the general availability of GRC on Demand™, a comprehensive governance, risk and compliance solution ideal for mid-market and resource constrained organizations.

GRC on Demand is based on a cost-effective Software as a Service (SaaS) delivery model that reduces upfront costs and long-term total cost of ownership, speeds deployment cycles and minimizes IT resource requirements. Providing a total solution for governance, risk and compliance in a single, unified system, GRC on Demand includes profiles for financial controls management, operational risk management (ORM), enterprise risk management (ERM), internal audit, IT governance and compliance.

"Since the announcement of GRC on Demand in January 2007, we have experienced strong demand and very positive feedback about this solution," said Tim Welu, CEO of Paisley. "Clients appreciate the comprehensive functionality, improved efficiencies, quick deployment and cost savings that GRC on Demand offers."

With a proven track record of managing a secure, Type II SAS 70 data center, Paisley is currently delivering solutions to more than 50 clients using a hosted and SaaS delivery model.

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.

For more information, call 320.286.5870, email info@paisley.com or visit www.paisley.com.

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