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Brabeion Software and PricewaterhouseCoopers Form Alliance to Help Enterprises Manage IT Risk and Achieve Regulatory Compliance

Alliance Agreement Allows Brabeion to Leverage PricewaterhouseCoopers' Information Security Content as Part of Brabeion's Enterp

MCLEAN, Va., June 20 /PRNewswire/ -- Brabeion Software, a McLean, VA-based provider of IT security risk and compliance management software, today announced a strategic alliance with PricewaterhouseCoopers (PwC) to provide PwC's IT risk and security content as part of Brabeion's Enterprise Security Architecture System (ESAS). ESAS is a powerful and secure web-based IT security risk and compliance management tool that bridges the gap between business and technology.

"This relationship, which positions Brabeion as the sole third-party provider of PricewaterhouseCoopers' information security content incorporated into ESAS, is the first substantive step in Brabeion's pursuit of the leadership position in helping enterprises manage and maintain their IT compliance with government and industry regulatory security guidelines," said Brabeion president and CEO Julian Waits. "Most solutions provide either software functionality or a database of information. Our vision is to provide a world class offering that combines both as a single solution."

In April Waits announced that Brabeion obtained $5 million in venture financing from TD Capital Ventures and Longworth Venture Partners.

PricewaterhouseCoopers originally developed ESAS to help large organizations manage the creation and implementation of their enterprise-wide security policies. The software tool is a repository of leading security practices, technical controls and standards derived in part from PricewaterhouseCoopers deep experience with information security. This critical content can be used to customize security policies and procedures for any organization. The software can be used as a knowledge management portal to help keep IT professionals and auditors on the same page regarding the organization's security posture. Brabeion purchased the ESAS solution in April 2005. PricewaterhouseCoopers' Advisory professionals will continue to provide services to help organizations customize and use ESAS.

"Brabeion is ideal for this alliance as they are committed to further development of the technology with the vision to transform ESAS into a full- featured security compliance and policy management tool," said Fred Rica, partner, Advisory, PricewaterhouseCoopers. "Too often, organizations develop security policies that sit on the shelf. In some cases, they may have separate policies for individual business units or entities. Yet the increasing focus on regulatory compliance demands that organizations create and implement integrated security policies that help ensure a consistent centralized approach to information security across the enterprise. Only through a consistent, practical approach to security can an organization hope to meet compliance mandates and improve the efficiency and effectiveness of its IT controls."

About PricewaterhouseCoopers

PricewaterhouseCoopers (http://www.pwc.com/) provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 144 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

About Brabeion Software

Brabeion enables enterprise to protect their technology assets, manage risk, and achieve and maintain compliance. Brabeion does this by delivering a secure, web-based software platform powered by the world's most comprehensive IT risk and audit content. For more information on how Brabeion can protect your IT capital and enable you to achieve and maintain compliance, visit http://www.brabeion.com/.

Brabeion Software

CONTACT: Al Black of Qorvis Communications, +1-703-744-7833, or
[email protected], for Brabeion Software

Web site: http://www.brabeion.com/
http://www.pwc.com/

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