October 10, 2006

FileNet and BWise Integrated Corporate Performance and Compliance Platform Now Shipping

COSTA MESA, Calif. – October 10, 2006 — FileNet Corporation (Nasdaq: FILE), the leading provider of Enterprise Content and Business Process Management solutions, and BWise (www.bwise.com), a leading provider of compliance and enterprise risk management software, today announced the availability of the BWise Governance Risk and Compliance suite for FileNet P8. The solution provides a scalable, unified environment for managing corporate performance and the regulatory information lifecycle.
An enterprise risk management (ERM) solution, the BWise compliance suite helps companies to identify, manage and monitor key business risk and performance indicators, and comply with regulatory requirements such as those imposed by Sarbanes-Oxley, IFRS, Basel II, ISO standards, and European Corporate Governance Codes.

Specifically, the suite addresses the following critical ERM activities:
• Financial reporting (internal control);
• Legislative and regulatory compliance;
• Operational risk management;
• Strategic decision support;
• IT governance, and
• Corporate process control.

When combined with FileNet P8, the solution is ideal for large organizations looking to deploy an enterprise-wide, secure and scalable governance, risk and compliance framework. FileNet’s market-leading enterprise content management (ECM) platform, FileNet P8, is a reliable and highly available enterprise platform that enables companies to capture, store, manage, secure and process information to increase operational efficiency and lower total cost of ownership.

The BWise solution is enhanced by FileNet’s email and records management capabilities. FileNet Email Manager and Records Manager offer full records management and email capture and classification capabilities that adhere to regulatory requirements – including specific capabilities surrounding retention and disposition processes, legal holds and vital records. Additionally, FileNet offers its innovative ZeroClick technology, which automatically and invisibly enforces RM policy, reducing the burden and error potential associated with making records management decisions.

Additionally, FileNet P8 further extends the corporate performance management capabilities in the BWise solution. Leveraging FileNet’s BPM capabilities, companies can optimize the underlying business processes that run their organizations, to deliver improved productivity, superior service, increased operational visibility, and adaptability.

The integrated solution allows existing FileNet customers to leverage investments in FileNet P8, while existing BWise customers have the opportunity to expand and extend BWise applications for greater control over enterprise-wide content and business processes.

“With more than 1,200 customers in more then 80 countries worldwide and 150,000 users in virtually all markets, BWise has developed a sustainable presence in the compliance sector,” said Luc Brandts, CTO and founder of BWise. “The BWise Governance Risk and Compliance suite for FileNet P8 offers an easy-to-use template approach to compliance that complements FileNet’s content and process management capabilities.”

“The BWise Governance Risk and Compliance suite for FileNet P8 provides organizations with an integrated offering to assist with increased corporate accountability; improved financial, strategic and operational efficiencies; and maximized business performance and return on investment,” said Martyn Christian, chief marketing officer for FileNet. “This solution is enhanced through FileNet P8’s comprehensive content and process management capabilities to deliver a unified environment for managing the regulatory information lifecycle.”

About FileNet
FileNet Corp. offers enterprise software and services that help customers make better decisions, faster. A leader and innovator in Enterprise Content Management (ECM), Business Process Management (BPM) and Compliance solutions, FileNet simplifies critical and everyday decision-making processes, giving organizations a competitive advantage. Since the company’s founding in 1982, more than 4,300 organizations – including more than three quarters of the FORTUNE 100 – have taken advantage of FileNet solutions for help in managing their mission-critical content and processes. For more information, visit the FileNet Website at http://www.filenet.com.

About BWise
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 150,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit http://www.bwise.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the anticipated benefits and performance of FileNet’s products, FileNet’s products’ support of industry standards, and integration with third party products, systems and services. Words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" and similar expressions are intended to identify forward-looking statements. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are FileNet's ability to develop, complete, introduce, market, distribute and gain market acceptance for its products and technologies in a timely manner; unforeseen technical difficulties related to the development and optimization of FileNet’s products; announcements of technological innovations, new products or product enhancements by FileNet or its competitors; general market conditions; and other factors detailed in the FileNet's filings with the United States Securities and Exchange Commission, including its recent filings on Forms 10-K and 10-Q.

Note to editors: FileNet and ValueNet are registered trademarks of FileNet Corporation. All other company or product names referenced in this release may be trademarks or registered trademarks of their respective owners.

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Media Contact:
Carol Thornton
FileNet Corporation
Phone: 714-327-3746
Email: cthornton@filenet.com

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