Brabeion Software Named 2008 Hot Companies Finalist by Silicon Valley Communications

RESTON, Va., Nov. 14 /PRNewswire/ -- Brabeion Software, a leader in IT Governance, Risk and Compliance (IT GRC) Management, today announced that it has been named a 2008 Hot Companies finalists by Silicon Valley Communications. Selected from a global industry analysis of information technology vendors which included established large companies, mid-size and new start-ups around the world, Brabeion has advanced to the finalists stage based on the "4Ps" selection criteria-namely Products, People, Performance, and Potential. The coveted 2008 Hot Companies analysis encompasses companies in all areas of information technologies including security, wireless, storage, networking, software and communications. Brabeion has also been selected by Silicon Valley Communications' Info Security Products Guide as a finalist for the 2008 Global Excellence in Risk Management Solution awards.

IT GRC is emerging as an important new market category to deliver a strategic view toward managing business that is needed in highly regulated environments. According to AMR, thirty percent of the $30 billion IT compliance spend is going to GRC platforms. Brabeion was first to market with a complete IT GRC suite. Built from the ground up with state-of-the-art technology, Brabeion is delivering on the IT GRC promise to bring together and automate the disparate processes and tools required to manage IT risk and compliance -- helping organizations achieve and sustain compliance and optimally manage risks while lowering assessment costs. Brabeion boasts one of the highest IT GRC deployment success rates and dramatic returns on investment for global F1000 enterprises across a broad range of vertical industries. In 2007, Brabeion tripled its customer base; launched the third-generation of its mature ITGRC software suite; added support for 90 network security assessment and monitoring technologies as well as configuration management systems to give customers a holistic security, risk and compliance view leveraging existing investments; was selected by Microsoft as a strategic partner to enhance the regulatory capabilities of the highly anticipated Microsoft System Center 2007 offerings; was awarded membership in the elite Information Security Forum (ISF) that shapes the best practices and standards for the security industry; and was recognized by leading industry analysts as setting the pace for the IT GRC industry.

"We are delighted that our company has reached the 2008 Hot Company Finalist stage," said Julian Waits, president and CEO for Brabeion. "This further validates our position as a company poised to successfully overcome the costly regulatory and risk management issues faced by organizations today and enable them to focus on achieving business goals. We are committed to continuing to deliver on the promise of IT GRC for our customers."

The "Hot Companies" 2008 evaluation process also assessed candidates for entrepreneurial spirit, seasoned executives with relevant experience, clear understanding of the segment of IT market they are currently active and plan to stay active, products and solutions that are positioned to take advantage of the emerging market opportunities, well developed revenue-growth model and clearly planned expansion strategies.

The 2008 Hot Companies winners will be announced and honored at the 2008 "Executive Leadership Summit" hosted by Technosium 2008 (http://www.technosium.com) at the Santa Clara Convention Center on January 27-29, 2008. Brabeion will be among the other key industry players at this event. To see the complete list of finalists please visit http://www.technosium.com/hotcompanies/.

About Brabeion Software

Brabeion helps organizations achieve and sustain compliance and optimally manage risks through full policy, procedure and controls lifecycle management powered by comprehensive information risk and audit content developed and maintained by our team of domain experts, in collaboration with strategic partners including PricewaterhouseCoopers LLP, IT Governance Institute, Microsoft Corp, Oracle Corp and others. Brabeion's IT Risk and Compliance Management platform dramatically reduces risk and improves compliance while lowering assessment costs by leveraging the reuse of tests across all audit requirements through integration with assessment technology and manual surveys. Brabeion is a member of the Information Security Forum (ISF). Brabeion solutions are successfully deployed across a wide range of vertical markets including Financial Services, Retail, Energy, Healthcare, and Government. Customers include Chevron, CIT Group, DirecTV and Guardian Life Insurance. For more information, visit http://www.brabeion.com.

Press inquiries: Melanie Elliott, Brabeion Software, tel: +01 703 752 9300; email: melanie.elliott@brabeion.com or Leslie Kesselring, Kesselring Communications, LLC tel: +01 503 656 2847; email leslie@kesselring.net.

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