Virsa Receives SAP Pinnacle Award 2005; Virsa Recognized for the Innovation of its Compliance and Controls Software for SAP NetWeaver

Business Wire, May 2, 2005

FREMONT, Calif. -- Virsa Systems, Inc., a leader in real-time compliance and controls software for Enterprise Resource Planning (ERP) systems, today announced it has received the coveted 2005 SAP(R) Pinnacle Award in the category of "Powered by SAP NetWeaver(TM)" for excellence in marketing and sales." The award is given to SAP services, software and technology partners who have excelled in developing their SAP partnership and provided the highest quality products, solutions and services that are supported by SAP NetWeaver. SAP presented the award to Virsa at SAPPHIRE(R) '05 in Copenhagen.

"We look forward to the continued development of our shared solutions and partnership with SAP," said Jasvir Gill, CEO and Founder of Virsa. "The SAP NetWeaver Solution enables Virsa to expand its business without having to change its core product offering. NetWeaver has empowered Virsa to expand its digital footprint to support customers with hybrid ERP environments. The Pinnacle Award is a symbol of shared success between SAP and Virsa."

The combined solutions of SAP and Virsa provide a total compliance solution for global enterprises. Virsa delivers a suite of transaction-based compliance solutions, enabling companies to automate the testing of user access controls, reduce the cost of remaining compliant and create, simulate and manage real-time process controls across the global enterprise.

Details of SAP and Virsa's partnership include:

--Virsa provides seamless integration between mySAP(TM) ERP and Virsa's Continuous Compliance Suite and Confident Compliance solutions

--Virsa's "Powered by NetWeaver" solution enables cross ERP transaction level data consolidation for real-time authorization and process controls

--The SAP Compliance Calibrator by Virsa is sold and supported by SAP worldwide

--Together, SAP and Virsa offer customers deep compliance experience gained from joint customers worldwide -- with the largest library of transaction rule sets

"We are honored to receive this prestigious award from SAP," said Douglas C. Laird, Senior Vice President at Virsa. "Together, Virsa and SAP are delivering a complete solution for regulatory compliance. Using NetWeaver, we are giving enterprises visibility into their global business process controls across multiple ERP platforms, enabling them to greatly reduce the cost of compliance and ultimately build a better business."

About Virsa:

Virsa Systems, Inc. is the developer of real-time, compliance and controls software for ERP systems. Purpose-built to maintain continuous compliance with stringent regulatory mandates such as Sarbanes-Oxley, Virsa's solutions automate risk assessment, eliminate false positives, and deliver real-time simulation and remediation capabilities. By offering the world's largest library of built-in, best practice rules, Virsa delivers accelerated implementation and faster remediation with the lowest cost of implementation. The acknowledged market leader, Virsa has the sector's largest installed base of enterprise customers and the preferred solutions for security, controls and corporate governance. Virsa is a privately funded company with investments from Kleiner Perkins, LightSpeed and SAP Ventures. For more information, go to www.virsa.com.

SAP, SAPPHIRE, mySAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies.