February 20, 2008

Press Release

GRC Leader BWise Appoints Chris von der Lieth Vice President of Sales for North America

Appointment Reaffirms Company’s Rapid U.S. Market Expansion and Leadership

New York, NY…. February 26, 2008 – BWise, the leading provider of governance, risk and compliance (GRC) software solutions, today announced the appointment of Chris von der Lieth to Vice President of Sales for North America. Von der Lieth was promoted to the new position as a reflection of the rapidly growing demand for the BWise market leading GRC solution and the need for an experienced sales professional to lead the related expansion of the North America office. Since von der Lieth joined BWise in 2005, the company’s solution has been named the leading GRC solution in the marketplace, with the U.S. sales team doubling revenue last year alone. In his new role at BWise, von der Lieth will be responsible for new sales growth and existing accounts in U.S. and Canada, helping organizations meet evolving GRC software needs through the delivery of the advanced BWise solution, built on a process-based framework and approach.

“Chris has been a key part of our North American activities since he joined BWise,” according to Robert Pijselman, Chief Executive Officer of BWise. “His commitment to customers is evidenced by the rapid acceleration of the U.S. office and the market leadership of the BWise GRC solution. As demand continues to increase, Chris is well positioned to help BWise meet evolving customer needs. His leadership will be a crucial part of our continued and expanding success.”

“It has been a true honor and pleasure to help BWise market its outstanding GRC solution in the U.S. and Canada,” stated Chris von der Lieth, Vice President of Sales, North America for BWise. “I look forward to my new position with the opportunity to play a greater role in the continued growth of the BWise solution’s adoption in North America.”

Prior to BWise, von der Lieth served as a sales executive for RSD America, an innovative document management software company, where he managed sales for the company throughout a diverse Fortune 1000 client base. He also served in sales at R.R. Donnelley & Sons, providing global printing and fulfillment solutions for numerous blue chip customers. In addition, von der Lieth represented Standard Register, where he consistently closed significant recurring annual revenue for printing and internet based requisitioning solutions. Von der Lieth holds a Master of Business Administration from Rutgers University and a Bachelor of Science of Business Administration from Boston University.


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