Leading Analyst Firm Positions Paisley Consulting in Leaders Quadrant for Finance Governance, Risk and Compliance Management Software

Market Wire, February, 2007

Paisley Consulting, a leading provider of software for governance, risk and compliance ( GRC ), today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the "Magic Quadrant for Finance Governance, Risk and Compliance Management Software"(1) report.

Gartner rates vendors on their ability to execute and the completeness of their vision. According to Gartner, Inc., leaders are vendors that are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.

"We consider our positioning in the leader quadrant by Gartner confirmation of the value of Paisley Consulting's integrated and holistic approach to governance, risk, and compliance," said Tim Welu, CEO of Paisley Consulting. "Paisley Consulting has been focused on integrated governance, risk and compliance for over 11 years. Our software solutions continue to be recognized as the leading solutions in enabling businesses to achieve compliance with numerous regulations, effectively manage operational risk and improve accountability across the organization."

"We've continued to gain momentum and market share in the GRC industry throughout 2006," added Welu. "Our software has rapidly become the de facto standard for organizations looking to unify their compliance, risk management and audit initiatives."

About the Magic Quadrant

The Magic Quadrant is copyrighted January 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Paisley Consulting

Paisley Consulting is an industry-leading software vendor that provides solutions for governance, risk and compliance (GRC) including financial controls management , internal audit , operational risk management , compliance , IT governance and enterprise risk management. For more than a decade, Paisley Consulting has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions enable organizations to streamline governance, risk and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

For more information, call 320.286.5870, email info@paisleyconsulting.com or visit www.paisleyconsulting.com .

(1) Gartner Research, Magic Quadrant for Finance Governance, Risk and Compliance Management Software, 2007, by French Caldwell and Tom Eid, February 1, 2007.

Press Contact: Stacey Billy Paisley Consulting 763-450-4821 Email Contact