March 24, 2009

Press Release

LeapFrog Chooses BWise Process-based GRC Platform to Support Enterprise Risk, SOX Compliance Initiatives and Drive Efficiencies

New York, NY, March 24, 2009 – BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that LeapFrog Enterprises, Inc. (NYSE:LF), a leading developer of technology-based learning products, has implemented BWise as its GRC solution. LeapFrog is using BWise to support its Sarbanes-Oxley (SOX) compliance, manage enterprise risk, facilitate required reporting and drive efficiencies.

LeapFrog chose BWise to reinforce internal controls that affect employees from day to day, and also to provide a robust process management tool for executives. BWise process management can help prevent the duplication of controls from different parts of the organization by cross referencing all controls in one single central repository. This allows management to visualize workflows and frameworks, leading to easier understanding of the business’ state across the organization. BWise software can help companies like LeapFrog realize an increase in organizational efficiencies due to the lowering of internal control and compliance costs. BWise differentiates itself from the other GRC vendors by combining a strong process management tool with sound risk management, SOX compliance and audit tools.

BWise supplies a better view of the company and the ability to make more informed decisions. BWise provides multiple views of information; top executives may prefer to view a wide range of reports in an overview format, while day-to-day managers can drill down into these same reports to examine details that affect the corporation daily. This reporting can help companies like LeapFrog comprehensively document and communicate their governance, risk and compliance activities, for measurable process improvements. Through this converged approach, companies can monitor enterprise-wide risks, track controls and lower costs.

Alexander Paras, Senior Manager of Compliance at LeapFrog said: “LeapFrog conducted an extensive search to find a vendor for our governance, risk management and compliance needs. BWise stood out to everyone at LeapFrog as a leader among all the GRC vendors.” Mr. Paras also stated: “LeapFrog has very strict corporate governance guidelines. BWise plays an important part in helping us not only continue to uphold our governance standards, but also to improving our processes and our risk management duties, hopefully leading to better results, driving efficiency and ROI for LeapFrog.”

“LeapFrog is a leader in the children’s toy and learning market. BWise is very proud to be able to assist LeapFrog in their efforts to reach better risk management, corporate governance and SOX compliance,” said Chris von der Lieth, Vice President of Sales for North America of BWise. “BWise software will help LeapFrog to manage risk more efficiently and bring better management of the business’ processes to the table.” 

 

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