PricewaterhouseCoopers and LogicalApps Announce Strategic Alliance to Deliver Governance, Risk and Compliance Solutions

Business Wire, July 25, 2007

Industry Alliance to Combine Advisory Services and Automated Governance Software Solutions

NEW YORK & IRVINE, Calif. -- Changes have been made to the entire sixth paragraph.

The corrected release reads:

PricewaterhouseCoopers LLP (PwC), and LogicalApps[TM], the provider of embedded governance[TM] software solutions, today announced a strategic alliance to enable enterprise clients to institutionalize governance policies and associated controls within their corporate enterprise applications. PwC and LogicalApps will provide software and critical implementation services to help clients achieve greater financial integrity, security and business process efficiencies.

Through this strategic alliance PwC will provide advisory services in line with its Governance, Risk and Compliance (GRC) Operating Model(TM) developed to help organizations optimize their approach to GRC and support an integrity driven performance strategy. The joint offerings will help increase confidence in the integrity of a company's financial systems and, by automating controls, will lower the cost of compliance and audit.

PwC and LogicalApps will provide solutions for the continuous monitoring of financial transactions with preventative and detective controls, helping ensure that established business processes and policies are being enforced, alerting management in real-time of deviations from these policies, and helping to improve the efficiency of the financial organization and business operations.

"The alliance with LogicalApps enables our clients to achieve a key element of good corporate governance - using policies and internal controls to support strategy execution," said Sohail Siddiqi, partner, PricewaterhouseCoopers. "By automating internal controls and applying configurable workflows directly within core business systems that guide user behavior, organizations can better comply with regulatory requirements while significantly optimizing their business processes."

PwC and LogicalApps are launching the alliance with a series of web seminars and workshops to educate the market on new and emerging technologies and methodologies for satisfying the critical business issues of GRC. The next webinar will be on July 25th at 11 AM PDT and is designed to provide insight on how companies can reduce the time and expense associated with effectively and efficiently automating Segregation of Duties. To register for the webinar please go to http://www.logicalapps.com/event/webinar/.> "Our alliance with PwC gives our customers significant systems integration and risk advisory expertise, as well as extending our global reach," said Stephen Walsh, vice president of global alliances and public sector at LogicalApps. "Working with PwC and LogicalApps, organizations will benefit from increased confidence in the integrity of their financial reports and the increased business efficiencies that embedded governance delivers."

About LogicalApps

LogicalApps provides embedded governance[TM] software for enterprise applications. The company's solutions enable organizations to manage risk, achieve compliance, and reduce costs by automating the real-time monitoring and enforcement of detective and preventive controls. Using LogicalApps' solutions, business processes execute at optimal efficiency with increased integrity, improving overall company performance. LogicalApps, a privately-held company with headquarters in Irvine, California, has more than 300 blue-chip customers. For more information visit: www.logicalapps.com.

About PricewaterhouseCoopers

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in 149 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.