SOURCE: Paisley

November 27, 2007 09:00 ET

Paisley Joins the Open Compliance & Ethics Group's Technology Council

MINNEAPOLIS, MN and PHOENIX, AZ--(Marketwire - November 27, 2007) - The Open Compliance and Ethics Group (OCEG) is pleased to announce that Paisley, a leading provider of governance, risk and compliance (GRC) software solutions, has today joined the OCEG technology community as a member of the Technology Council. Paisley is excited for the opportunity to contribute its extensive GRC software market experience to OCEG's broad GRC technology programs, and to utilize and perpetuate OCEG's valuable tools and resources that enable businesses to improve their compliance, risk management and ethics programs.

"Paisley recognizes the value of OCEG's mission to help organizations align their governance, compliance and risk management activities to drive business performance and promote integrity," said Tim Welu, CEO of Paisley. "We look forward to working with the other leading GRC member organizations of OCEG in the advancement of the governance, risk and compliance disciplines."

"OCEG welcomes Paisley as the newest member of our world-class Technology Council. We look forward to their significant contributions in the GRC technology domain. Paisley's participation on the Technology Council will extend the exceptional GRC technology leadership and integrated program development process at OCEG," according to Lane Leskela, Vice President of Technology Programs at OCEG.

Paisley is an industry-leading software vendor providing solutions for governance, risk and compliance that focus on 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 large enterprise and mid-market organizations. Council Membership in OCEG allows Paisley to extend its value to demanding clients with a shared, long-term commitment to driving principled performance.

With over 10,000 members across 44 countries, OCEG provides critical information to some of the largest, most reputable companies in the world, while also meeting the needs of individual GRC executives. OCEG is the only nonprofit organization that offers comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance processes. OCEG's unique organizational structure allows members to take advantage of contributions from thousands of experts in companies on a similar mission: aligning overall company performance with GRC objectives.

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.

About Open Compliance & Ethics Group

OCEG is the only nonprofit organization offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk management, internal control and compliance (GRC) processes. Our unique platform and organizational structure helps you take advantage of contributions from thousands of experts and companies -- many of them just like yours. Our guidance, benchmarking, custom tools and communities of practice help you drive principled performance™. www.oceg.org

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