Riskonnect Announces Web-based, Riskonnect Lite for Enterprise Risk Management

A Robust, ERM System Attainable for all Companies, all Industries
MARIETTA, Ga.--(Business Wire)--
Software developer Riskonnect(TM) announced its latest offering to
the enterprise risk management (ERM) industry, Riskonnect Lite, today.
Riskonnect Lite is an easy to use, web-based ERM system perfect for
anyone managing risk to quickly identify and visualize the way that
risks relate and impact one another. Through its unique visualizations
and compelling profiles, the highly secure tool offers risk managers
and stakeholders a better way to understand the risks that affect
their organization. Priced at $250 per user per month, the new
offering is positioned to reach all companies across all industries.

The timing is perfect. Regulators, investors, boards of directors,
and other stakeholders are demanding a better grasp of enterprise
risks. The tool allows you to bring relationships and impacts together
in visual risk clusters that facilitate understanding and presentation
to others. "Companies have struggled for years to define and practice
ERM," Bob Morrell, CEO of Riskonnect, said. "The Riskonnect system is
the only ERM tool available that enables individuals within an
organization to work collaboratively or independently to identify,
assess and mitigate each risk, thereby effectively accelerating the
maturity of a company's ERM program."

Today's rapid speed of business puts companies at a competitive
disadvantage if they wait for complex software installations and
systems integrations. Because the Riskonnect system is web-based and
signing up is simple and affordable for most organizations, users can
be using the system in less than a day. In the world of technical
business solutions, this is revolutionary.

Gone are the days of risks being artificially defined in a vacuum
with few levels of categorization. Assessing risks in silos is not a
reflection of reality. "The cumulative impacts of risks may drive
different business decisions than a silo approach," says Morrell.
"Successfully managing risk across the silos is a key tenet of ERM and
precisely what our products facilitate at all levels of the
organization."

With Riskonnect, risks are consolidated in one database so
management and risk owners can easily anticipate and manage the
numerous risk relationships that threaten large enterprises today. The
system uses influence diagrams to view risks and allows risk owners to
"drill down" to observe the causes of risk in any number of areas that
impact an organization. Risk status, ownership, descriptions and
business unit details can all be specified in the database.

Riskonnect Enterprise, Riskonnect's comprehensive, web-based
system includes complete risk detail, customizable reports,
configurable data elements and workflow and tracking of all activities
and mitigation across the enterprise.

About Riskonnect

Riskonnect is an innovator in the area of strategic Enterprise
Risk Management (ERM) providing comprehensive software solutions for
organizations that need to consolidate, manage and mitigate business
risks, and report the results to key stakeholders including
management, the board of directors, third-party auditors and
shareholders. Headquartered in Marietta, Georgia, the company
developed and sells Riskonnect Lite and Riskonnect Enterprise, a
comprehensive ERM application that resides on the Force.com platform.
For more information, go to www.riskonnect.com or email
info@riskonnect.com.

Riskonnect
Press Contact:
Kelly M. Barton
Vice President of Marketing
678-810-0805
Kelly.barton@riskonnect.com

Copyright Business Wire 2008