Neohapsis, Inc. Acquires Securac(R), Certus(TM) Brand

Companies combine core competencies to offer integrated GRC
solutions and consulting services
CHICAGO--(Business Wire)--
Neohapsis, Inc. today announced the acquisition of Securac(R)--a
leading global provider of enterprise governance, risk and compliance
(GRC) management software and services for Global 2000 companies.

The acquisition positions Neohapsis at the vanguard of IT GRC--an
evolving discipline that unifies an organization's critical GRC
processes across an integrated technology platform to achieve greater
efficiency, clearer accountability, and greater visibility throughout
the enterprise.

By combining Securac's Certus software with its trusted
information security and operations consulting expertise--as well as
the renowned research capabilities of Neohapsis Labs--Neohapsis now
offers a holistic IT GRC approach that's both tactical and strategic.
The result is an unparalleled combination of technology and consulting
expertise that yields measurable business value to organizations.

"In order to effectively exploit IT GRC, organizations must first
identify the full range of information and processes across IT risk
domains--security, disaster recovery, etc.--and then map this
intelligence into a unified IT platform," said Michael Rasmussen,
President of Corporate Integrity. LLC. "The end result is a holistic
view of the IT risk landscape that enables sustainability,
consistency, transparency and efficiency through best-practice,
replicable processes.

"Vendors who offer expertise in identifying and managing IT risk
and security concerns--as well a central platform from which to manage
them--will be increasingly valuable as organizations grapple with the
strategic and operational challenges of implementing a holistic IT GRC
program."

James Mobley, Neohapsis CEO, agrees. "More and more, during our
consulting engagements, we are witnessing clients struggling with the
practical aspects of governance, risk management and compliance. This
struggle is magnified as enterprises become more distributed and their
risk profiles become increasingly complex. Too often, they implement
technologies and processes in reaction to specific regulations or
security concerns--which results in fragmented 'solutions' that
ultimately drain enterprise resources and don't take advantage of
efficiencies.

"With the acquisition of Securac, we can now combine our core
competencies in IT risk management consulting with an integrated GRC
management platform. This enables our customers to move beyond
discrete protection and compliance solutions to a comprehensive
management framework where risk can be assessed and effectively
managed to improve operational resiliency and business performance."

"Neohapsis is a leader in IT security research and intelligence,"
says Terry Allen, CEO of Securac. "The resonance between Neohapsis'
intellectual and consulting expertise, and Securac's market-leading
enterprise risk management software, translates to remarkable benefit
for our respective customers. Together, we are poised to offer
advanced GRC solutions that identify diverse organizational risks;
define best-practice methodologies for governing those risks; and
unify this governance across a single, powerful technology platform
that enables greater visibility, and greater efficiency."

About Neohapsis, Inc.

Founded in 1997, Neohapsis is a leader in delivering information
risk management services and consulting. At Neohapsis we work with
organizations to expertly align their unique risk profiles with a new
breed of managed and professional services and technology designed to
manage operational and technology risks. This holistic approach to
information risk management blends security, information technology,
and operations management with an innovative set of services to
support availability, compliance and business agility. To learn more,
visit Neohapsis at: http://www.neohapsis.com.

About Securac

Securac, led by the Certus brand, is a leading global provider of
enterprise Governance, Risk and Compliance (GRC) management software
and services for such notable industries as: financial services,
insurance, technology, energy and consumer retail throughout North
America and the United Kingdom. Certus software provides risk
management and compliance solutions that enable organizations to
identify, measure and manage information and physical risks, as well
as to assess compliance with expanding regulatory requirements. We
offer solutions that allow our Fortune 1000 customers to lead the pack
by setting best practice standards and solutions.

All products or services referenced herein are the trademarks or
service marks of their respective companies or organizations.

Neohapsis, Inc.
Maida Kelly, 978-987-3752
Director, Marketing Communications
MKelly@neohapsis.com

Copyright Business Wire 2008