Changing Legal and Regulatory Landscape Fuels Mitratech's Growth

LOS ANGELES, CA, Mar 24 (MARKET WIRE) --
Mitratech, the market-leading provider of Collaborative Accountability
Applications for businesses and their trusted partners, today announced a
sharp increase in sales for its legal and compliance management
solutions. As C-level executives seek to balance corporate responsibility
and ethics with growth and profitability, Mitratech has witnessed a 15%
increase in new TeamConnect customer wins since October 2008. These new
clients expand Mitratech's foothold in the Fortune 1000, government
agencies, and international corporations.

Increased corporate scrutiny and imminent changes to regulatory policy has
intensified the spotlight on legal and compliance management tools used to
manage day-to-day business activities, avoid crises and mitigate risk.
Legal and compliance management solutions offer fast and easy access to
key corporate data, improving legal response times on sensitive issues;
aiding collaboration among partners, outside counsel, vendors, customers
and staff; and increasing oversight of outside counsel performance.

"Abrupt and severe changes to the US and global economies are causing
General Counsel and C-level executives to reevaluate the tools their
companies are using to manage legal and compliance matters," said Afshin
Behnia, president and CEO at Mitratech. "For these companies, the emphasis
is on better compliance through reliable accountability, greater agility
through fluid collaboration, spend management and cost reductions through
better automation. Mitratech has been solving these problems for more than
20 years -- global economic conditions and regulatory changes only serve
to highlight the value of our solutions to clients."

The latest Mitratech clients span vertical markets, with insurance and
government leading the way on the legal side, and highly regulated
industries such as energy and utilities, financial services and
pharmaceuticals driving the governance, regulation and compliance
business.

"After completing competitive evaluations, Aon chose Mitratech's
TeamConnect for its ability to expand beyond legal matter management to
also address complex compliance challenges," said David Cambria, director
of operations at Aon. "Aon has more than 500 offices in more than 120
different countries. We needed to standardize global operations, better
manage our risks and liabilities to ensure compliance. TeamConnect
delivers reliable data to help manage litigation as well as to comply
with external audits, market conduct examinations, and brokerage
regulations."

About Mitratech

Mitratech provides market-leading Collaborative Accountability
Applications for businesses and their trusted partners. With
team-oriented domain applications in legal process automation,
governance, risk, compliance and security, Mitratech's TeamConnect
Collaborative Accountability Suite improves transparency of financial
reporting, reduces exposure to risk, and boosts operating discipline,
information security and the efficiency of enterprise processes. Our
Collaborati browser application also meets the accountability and
collaboration needs of proliferating extraprise teams, wherein vendors,
partners and service providers often have to be included in sensitive
teamwork projects such as electronic billing, legal hold and
collaborative budgeting, or those which expose your business to liability.

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