Press Release

AGILIANCE EXPANDS CANADIAN PRESENCE

Agiliance Increases Scope of Global Operations to Address Rising Demand for Governance, Risk and Compliance (GRC) Solutions

Ottawa, Canada – February 4, 2009 – Agiliance Inc., a market proven provider of Governance, Risk and Compliance (GRC) software solutions, today announced the company has expanded its global presence with the launch of Agiliance Canada. Due to strong customer growth and major partnerships including Bell Canada, one of Canada's largest system integrators, Agiliance has grown its Canadian presence with new offices and dedicated teams focused on delivering GRC solutions.

Agiliance RiskVision™ software helps businesses and government agencies realize gains in their GRC efforts including cost savings of 70-80% on internal risk assessments and audits, faster decision making and better visibility into current and future risk. By establishing additional offices in Canada, Agiliance further extends its ability to help companies:

  • Achieve and sustain compliance across multiple regulations
  • Significantly reduce escalating compliance and risk management costs
  • Gain risk insight for better strategic decision-making

"As the global regulatory environment continues to evolve, our presence in Canada will help even more organizations address the many challenges associated with multi-regulatory compliance, risk management and IT governance," said Pravin Kothari, Agiliance Founder and CTO. "We look forward to extending our leading risk and compliance expertise, strong technology platform and commitment to customer success to organizations across Canada."

Agiliance Canada will be managed by Mr. Doug Carwardine, who brings more than 23 years management, business development and technology experience to Agiliance. Prior to Agiliance, Carwardine held senior management positions in both start-up and Fortune 100 companies including Bell Security Solutions, Inc. (now Bell Canada), Nuvo Network Management and Newbridge Networks (now Alcatel). As President of Agiliance Canada, Carwardine will be responsible for managing key relationships, driving new business and providing the strategic direction for Canadian operations. As part of its distribution strategy, Agiliance Canada is leveraging partnerships with leading professional service and consulting organizations that complement Agiliance's domain expertise in the areas of operational risk management and IT governance.

"Canadian privacy laws are among the most advanced in the world. As a result, Canadian companies face an intricate web of GRC and privacy demands arising from strict regulations," said Mike Gurski, Director of Privacy, at Bell Canada Privacy Centre of Excellence. "Bell Canada is pleased to be collaborating with Agiliance to provide leading organizations in the government, healthcare and financial sectors with the proactive and practical software solution they need to improve compliance and reduce privacy risk, while achieving significant cost and resource savings."

Agiliance, recent winner of the 2008 SC Magazine Innovators Award and named as a Top GRC Software Provider by CRO Magazine, is the only GRC software provider with the expert technology required to automatically aggregate and correlate data and compliance controls across systems, people and processes. By leveraging the power of Agiliance RiskVision, businesses can immediately cut compliance costs while improving oversight of risk management initiatives to ensure their business will not only weather current economic storms but also stay competitive in the face of growing regulations and impending risk threats.

To contact Agiliance Canada, please visit http://www.agiliance.com/about/contact.html.

About Agiliance
Agiliance offers highly-automated GRC software solutions designed to help organizations thrive in the face of mounting pressures to manage and balance risk, compliance and IT budgets. By leveraging the power of Agiliance software, global 2000 businesses in the financial, healthcare, energy, government and technology markets are making impressive gains in their IT risk and compliance efforts - including reduced audit burden, increased visibility into current compliance and risk status, and improved leverage of IT resources. Agiliance is headquartered in San Jose, California and is backed by Walden International, Intel Capital, SVIC, Red Rock Ventures and Castile Ventures. For more information, please visit www.agiliance.com.

Media Contacts
Courtly Stevens
Ventana Public Relations
(925) 631-0188
courtly.stevens@ventanapr.com