April 10, 2007

BWise Receives SAS-70 Type II Certification
for ASP Hosted GRC Solution

New York, NY, ‘s-Hertogenbosch, Netherlands, April 10, 2007 

BWise, the leading provider of governance, risk and compliance (GRC) software solutions, today announced that the company has obtained Statement of Auditing Standards No. 70, Service Organizations ("SAS 70") Type II certification for its application service provider (ASP) hosted solution.

BWise’s market leading GRC solution is available as a hosted or installed application. For clients using the hosted version, BWise now offers its ASP services with SAS-70 Type II certification, allowing companies to implement BWise online in even the strictest regulated environments, including Sarbanes-Oxley. The Securities and Exchange Commission (SEC) has designated SAS 70 as an acceptable method for management to obtain assertions about service organization internal controls and provide assurance for those service organization clients subject to Section 404 of the Sarbanes-Oxley Act of 2002. This certification gives BWise customers an added level of assurance and security to further protect and leverage their financial resources.

“With SAS-70 Type II certification, BWise further establishes its leadership in the GRC industry, giving our customers even greater control and assurance. We appreciate KPMG’s guidance in reaching this important milestone,” stated Tonny Boerboom, COO of BWise. “BWise uses its own GRC technology to document processes, risks and controls, as well as the testing of controls, making this certification another key validation of our solution.”

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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 www.bwise.com.

Media Contacts:
Kim Larkin
Larkin Communications
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205
Email: klarkin@larkincomm.com


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