SOURCE: Paisley

April 22, 2008 11:58 ET

Paisley Reports Record First Quarter Revenue and Profits

Company Delivers Double-Digit Sales and Profit Growth With New Customer Wins and Continued Leadership in Governance, Risk and Compliance Solutions

MINNEAPOLIS, MN--(Marketwire - April 22, 2008) - Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today reported record financial results for the quarter ending March 31, 2008.

With record year-over-year quarterly revenue and profit growth, Paisley continued to extend its GRC industry leadership with strong demand for Paisley Enterprise GRC™ and GRC on Demand™ in both North America and the EMEA region.

In the quarter, Paisley added Computershare and the National Bank of Greece to its list of over 1,400 clients, which includes 30 percent of the Fortune 500. Overall, the company added more than 30 new clients to its roster in the first quarter of fiscal 2008.

Paisley also saw continued strong market momentum for its SaaS-based GRC on Demand offering. As organizations seek to optimize their governance, risk and compliance processes, GRC on Demand enables them to deploy quickly and without the expense and burdens of traditional installed software. With years of experience, a Tier I data center, Type II SAS 70 certification and more than 170 organizations using its SaaS applications, Paisley has a proven track record to execute on secure, reliable SaaS delivery of its software.

"Leading organizations continue to select Paisley for their governance, risk and compliance initiatives," said Tim Welu, CEO of Paisley. "As organizations look to optimize and converge their internal audit, risk management, and compliance processes, they select Paisley for our comprehensive solutions, domain expertise and proven track record to deliver results. Our record first quarter results reflect our market success. We're proud of our ability to grow the top-line while delivering healthy bottom-line results. Building on our 2007 momentum, we look forward to another strong year in 2008."

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

Contact Information

  • Press Contact:
    Stacey Billy
    Marketing Director
    Paisley
    763-450-4821
    Email Contact