Stellent and Protiviti Sign Strategic Integration and Consulting Agreement to Collaborate on Next-Generation Compliance Platform

Business Wire, May 18, 2004

Business Editors/High-Tech Writers

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--May 18, 2004

Platform to focus on reducing cost and risk of regulatory

compliance; will be based upon award-winning Stellent Universal

Content Management framework

Stellent, Inc. (Nasdaq:STEL), a global provider of content management solutions, announced today it has entered into a strategic agreement with Protiviti Inc., a leading internal audit and business and technology risk consulting firm, to create a next-generation, content management-based compliance platform.

Under the agreement, Stellent will deliver and market compliance solutions based on the Stellent(R) Universal Content Management system and supported by Protiviti subject matter expertise. These solutions, to be co-marketed by Protiviti, will offer capabilities such as audit trails; document management; project management and reporting; personalized interfaces; automated process documentation collection and process testing; secure, Web-based access by internal and external users; and records management.

"Many organizations store regulatory compliance-related content in separate repositories and are seeking ways to tie this information together through a single, Web-based architecture," said Lane Leskela, vice president and research director for Gartner, Inc. "Software vendors who support a broad range of compliance information with a common technology platform are best equipped to meet this growing need, particularly when records management and workflow functionalities are included in the product suite. Adding subject matter expertise to enhance application design and development will strengthen these offerings."

"We are pleased to enter into this strategic relationship with Stellent to develop next-generation compliance solutions," said Michael O'Donnell, managing director for Protiviti and head of the firm's technology risk consulting practice. "Companies are facing sweeping changes in corporate governance requirements. For instance, efforts to comply with the Sarbanes-Oxley Act have resulted in significant costs to an organization for people, processes and technology. Clients tell us they need new technologies and processes to support future compliance activities. We look forward to helping Stellent develop new applications that will further enhance companies' ability to manage compliance processes in a cost-effective manner."

"This alliance brings together two industry leaders that both have extremely high levels of customer satisfaction," said Dan Ryan, executive vice president of marketing and business development for Stellent. "By joining Stellent's best-of-breed software products with Protiviti's unparalleled subject matter expertise, thought leadership and consulting services, we will provide companies with the most effective and efficient solutions for meeting multiple compliance mandates, from Sarbanes-Oxley and FDA regulations to JCAHO, HIPAA and ISO 9001."

Protiviti Corporate Governance and Regulatory Compliance Services

Protiviti has become a highly respected expert in assisting organizations with corporate governance and regulatory compliance initiatives, particularly Sarbanes-Oxley compliance. The firm is working closely with companies to help them understand, document and evaluate their disclosure and internal controls over financial reporting, and to recommend improvements in processes and controls. Protiviti also is assisting companies in testing their controls and processes and achieving full compliance within the deadlines established by the Securities and Exchange Commission.

In addition, Protiviti is recognized internationally for its published thought leadership on the Sarbanes-Oxley Act. Protiviti has literally written the book - three of them to be exact - on Sarbanes-Oxley's internal controls and executive certification requirements: Frequently Asked Questions Regarding the Sarbanes-Oxley Act: Executive Certification Requirements; Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements; and Guide to Sarbanes-Oxley Act: IT Risks and Controls. These and other Protiviti publications have established the firm as a global expert in effective risk management and internal audit practices.

For more information, contact Protiviti at 1-888-556-7420.

About Stellent, Inc.

Stellent, Inc. (www.stellent.com) is a global provider of content management software solutions. The company helps organizations raise productivity, decrease costs and enhance company-wide collaboration and communication by enabling them to efficiently store, access, manage, share, distribute and track critical business information. Organizations can leverage Stellent's Universal Content Management suite to rapidly deploy content-centric business applications, including partner extranets and compliance applications supporting mandates such as Sarbanes-Oxley; industry solutions for vertical markets, including finance/insurance, government and manufacturing; content integrations with other applications such as portals; and enterprise-wide initiatives that ensure common, consistent content and content-related functionalities are leveraged across multiple sites and applications.