Paisley and Lombardi Partner for Next-Generation Governance, Risk and Compliance Solutions; Risk Management and Audit Customers to Benefit From Integrated Business Process Management

Business Wire, June 7, 2006

AUSTIN, Texas & COKATO, Minn. -- Lombardi(R), the leader in Business Process Management (BPM) software for Global 2000 companies, and Paisley Consulting, a leading provider of operational risk management, Sarbanes-Oxley compliance and audit automation software, today announced an OEM agreement for Paisley's next-generation risk management, audit, and compliance solutions. Next-generation compliance software demands true business process management capabilities to more actively manage risk. Paisley will embed Lombardi OEM Edition(TM) within its Risk Navigator(R), AutoAudit(R) and The Paisley Solution applications to deliver integrated and customizable BPM functionality.

"Our selection of Lombardi was the natural choice because they have leading technology and superior functionality to address the BPM requirements of next-generation Sarbanes-Oxley, operational risk management, and audit automation solutions," said Tim Welu, chief executive officer, Paisley Consulting. "Incorporating Lombardi OEM Edition into our software enables us to drive innovation and provide the most powerful solutions to customers that clearly differentiate Paisley from other market offerings."

As the scope of governance, risk, and compliance extends throughout the enterprise, many organizations are currently struggling to easily and cost effectively execute sustained Sarbanes-Oxley compliance, operational risk management, and audit automation programs. Additionally, with expanding legislation, economic and other regulatory factors, enterprises are required to implement governance, risk and control programs across an expanding set of integrated business processes. As the leaders in their respective industries, the Paisley/Lombardi partnership is designed to deliver innovative, next-generation compliance solutions that help companies squarely address this growing problem.

Paisley Consulting provides the industry's leading solutions for Sarbanes-Oxley compliance, operational risk management and audit automation. By incorporating Lombardi OEM Edition, the Paisley portfolio of products will more easily automate workflow, event monitoring and performance analytics, providing organizations with confidence in the repeatability of the compliance process and greater efficiency and lower cost of compliance.

With Lombardi OEM Edition, Paisley benefits from its configurable deployment packaging, standards-based integration points, integrated application and database servers, and deep support for re-branding and internationalization as it develops and delivers solutions to address the specific needs of Sarbanes-Oxley and the broader requirements of governance, risk and compliance management.

"Paisley is setting the pace for the compliance software market by building their next-generation, process-enabled products with Lombardi," said Rod Favaron, president and chief executive officer of Lombardi Software. "Vendors work with us because we have industry-leading BPM technology designed to easily be licensed and embedded, and we have a dedicated partner organization to ensure their go-to-market strategy is equally successful."

Paisley is incorporating Lombardi OEM Edition's BPM functionality and will be available to customers starting with the Fall 2006 release of the Paisley Consulting portfolio of products.

About Paisley Consulting

Founded in 1995, Paisley Consulting is the recognized leader in providing more than 1,200 organizations -- including 35 percent of the Fortune 100 -- with comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations thereby ensuring that evaluations of operational risk are completed quickly, consistently and accurately.

Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized, automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions. Either way, our best-of-value solutions can help you reduce costs and target opportunities for continuous improvement. For more information, call 320-286-5870, email info@paisleyconsulting.com or visit www.paisleyconsulting.com.

About Lombardi

Lombardi is the leader in business process management (BPM) software for Global 2000 companies as recognized by Forrester Research in their report Human-Centric Business Process Management Suites, Q1 2006. Lombardi has both the award-winning technology and implementation best practices to bring process excellence to the enterprise. Lombardi's TeamWorks(R) is built on open standards and provides ongoing visibility and control of business processes, increasing the speed and flexibility with which organizations can manage their process activity and decision-making. Lombardi customers include Dell, Hasbro, Pfizer, Sprint, Universal Music Group and the U.S. Government. The company is also noted as a Visionary in Gartner's Magic Quadrant. For more information visit www.lombardi.com.