Simeio Solutions Announces Record Revenue and Customer Growth

HOBOKEN, NJ, Jun 16 (MARKET WIRE) --
Simeio Solutions (www.simeiosolutions.com) today announced two
consecutive quarters of record growth, reflecting significant increases
in its revenue, customer base and market traction. The company gained
over a dozen new clients in financial services, healthcare and
entertainment, adding to an installed base that already includes Fortune
50 companies. Simeio also expanded its partner network via new agreements
with industry leaders Novell, IBM and Oracle.

"We are excited about our accomplishments in the first half of 2009 and
plan to continue that momentum through the remainder of the year," said
Hemen Vimadalal, CEO and managing partner, Simeio Solutions. "Simeio
experienced a 200% increase in revenue from the first quarter of 2008 to
the same period in 2009 by actively adding clients in the U.S., Canada and
South America. Whether driven by compliance regulations or improvement of
existing business processes, enterprises realize they need to move to a
higher level of access management. By combining professional services,
managed services and SaaS solutions, Simeio customizes implementations to
meet our customers' exact needs. The caliber of companies we're working
with is a strong validation of Simeio's approach to enterprise security
fundamentals."

Upcoming news highlights include Simeio's attendance at the upcoming
Burton Group Catalyst Conference, taking place July 29-31 at the Hilton
San Diego Bayfront. Simeio's customer Kunal Mittal, executive director of
enterprise technologies for Sony Pictures Entertainment, will deliver a
case study on "Using Identity Virtualization to Mitigate Risk Management"
during the event.

About Simeio Solutions

Simeio Solutions, LLC, is a systems integration and compliance services
company specializing in enterprise security consulting. Simeio provides
business process, implementation, managed services and Software as a
Service (SaaS) in the areas of identity and access management (IAM),
role-based access controls (RBAC), and IT governance, risk and compliance
(IT-GRC). Simeio is headquartered in Hoboken, New Jersey, and currently
provides services to numerous Fortune 1000 companies. For more
information, visit www.simeiosolutions.com.

Media Contact:
Sandy Moul
KCOMM
Tel: (760) 448-5822
E-mail: sandy@kcomm.com

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