Press Release
AGILIANCE TAPS SEVEN INDUSTRY VETERANS FOR NEW ADVISORY BOARD
IT Governance, Risk and Compliance Solution Leader Names Information Security and High Technology Industry Luminaries to Board of Advisors
San Jose, California, November 6, 2007– Agiliance, the leading provider of IT governance, risk, and compliance (IT-GRC) solutions, today announced the formation of a board of advisors. This team of highly accomplished individuals, including Lloyd Hession, Parveen Jain, Shahed K. Latif, Ken Tyminski, Marc West, and Frank Zarb, offers Agiliance deep domain expertise in security, financial services, information technology, and intellectual property. The seven new board members will provide Agiliance with strategic guidance in their respective areas. Agiliance’s ability to attract such a high-quality advisory board reflects the value of its solution and highlights the company’s ability to execute on the significant opportunity offered by the emerging IT-GRC market.
In separate releases issued today, Agiliance also announced that version 3.0 of its flagship solution, Agiliance IT-GRC 3.0, was now available and that media giant Tech Target honored Agiliance as a “rising star” at its Information Security Decisions conference in Chicago on November 5 and 6.
“There are many compelling benefits offered by Agiliance IT-GRC, but as a CSO, I really appreciate how it brings the security and compliance functions together in a collaborative framework,” commented Lloyd Hession, chief security officer, BT Radianz. “Not only does Agiliance play a valuable role in risk and compliance management, but it also facilitates a much more strategic approach to investing in and managing IT controls.”
“Because operational risk is by nature complex, dynamic, and extremely unpredictable, IT leaders should be thinking about how to provide a clear methodology for gaining control over their compliance and risk posture,” said Marc West, group president, commercial markets, H&R Block. “The reason I’m so excited to be working with Agiliance is because they have developed a solution that not only accounts for the current impediments to effective risk management, but also provides a clear link to the business.”
Agiliance’s New Board of Advisors
Lloyd Hession is chief security officer of BT Radianz, the world’s largest financial services extranet. He is responsible for the security of the company’s global critical infrastructure, which spans 40 countries and connects over 10,000 of the world’s largest financial firms with more than 300 exchanges and market data and financial information providers, all of which rely on BT Radianz to route, execute and settle trades totaling trillions of dollars per day. Before joining BT Radianz, Hession served as managing director of security and risk management practices at Giga Information Group (now Forrester Research), where he built a highly successful consulting and research practice. Prior to Giga, Hession was chief architect of Internet security at IBM, where he built and ran IBM’s Internet Security Services.
Parveen Jain was executive vice president of corporate strategy at McAfee, where he was responsible for the company’s overall strategy, corporate development, merger and acquisitions, corporate marketing, new business development, and strategic alliances. Jain founded IntruVert Networks, which was acquired by McAfee in May of 2003. At IntruVert Networks, he guided the company through its venture funding rounds, product development efforts, company building stage, and successful customer engagements.
Shahed K. Latif is a partner and the western region information security services leader in KPMG’s Advisory Services practice, where he has developed the firm’s global methodology and is dedicated to serving KPMG’s key national clients, with a primary focus on internet and high technology clients. His responsibilities have included assessing global deployment of IT outsource contracts, performing detailed IT security assessments of many Fortune 1000 companies, and implementing and designing various security solutions.
Ken Tyminski is a 32-year veteran of the IT industry. He most recently served as vice president and chief information security officer (CISO) for Prudential Insurance Company of America, where he was responsible for the integrity and security of Prudential’s business systems. As CISO, he also led Prudential’s information security office, which established policies and standards, and ensured controls were in place for millions of users, thousands of branches, and hundreds of offices across the country and around the world.
Bob West is CEO of Echelon One and a certified information systems security professional (CISSP). Formerly, he was chief information security officer for Fifth Third Bank, where he led a breakthrough project to deploy a unified identity infrastructure for the bank.
Marc West, group president, commercial markets at H&R Block, oversees the company’s RedGear Technologies group, PDI Global, and Virtual Tax Service functions. West joined H&R Block in 2004 as chief information officer, where he focused on delivering high-impact business and technology value across the company’s global lines of business. Before joining H&R Block, West was CIO for Electronic Arts, the world’s largest developer and publisher of interactive entertainment.
Frank Zarb, former deputy general counsel for Bristol Myers Squibb, brings valuable corporate and risk management legal expertise to the Agiliance Board of Advisors. Prior to Bristol Myers Squibb, Zarb was a corporate partner at Morgan, Lewis & Bockius, where he focused on compliance with the federal securities laws and stock exchange requirements by public companies and other regulated entities. Before joining Morgan, Lewis & Bockius, he served as special counsel in the Office of Chief Counsel and Office of International Corporate Finance at the Securities and Exchange Commission (SEC).
“The members of our board of advisors have already been invaluable to our business,” said Patrick J. Conte, CEO, Agiliance. “They have helped us crystallize elements of our go-to-market strategy by introducing us to potential partners and customers, providing strategic guidance on product direction and positioning as well as the issues and trends our customers care about. Their collective insight and expertise has already translated into a tangible competitive advantage, and we look forward to an ongoing collaboration as Agiliance continues to set the bar for excellence in the IT-GRC market.”
About Agiliance
Agiliance offers the most comprehensive and scalable solution for managing the interdependent disciplines of IT governance, risk, and compliance. Its flagship product, Agiliance IT-GRC, enables businesses to develop a holistic view of their IT risk and compliance posture in order to make better business decisions. The Agiliance IT-GRC platform is the first solution that combines a robust common control framework with sophisticated policy management, workflow, and automation, providing internal and external stakeholders with a highly effective, transparent methodology for reducing IT-related risk while increasing operational efficiencies and decreasing time to compliance. Founded in 2005, Agiliance is headquartered in San Jose, California, and backed by Walden International, Intel Capital, SVIC, and Red Rock Ventures. For more information, please visit www.agiliance.com.
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