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Axentis Announces Licensing Relationship
with
IT Governance Institute
Axentis to Offer COBIT® Compliance Solution
through ITGI Licensing Agreement
Cleveland, OH—May 7, 2007—Axentis, providers of the industry’s most comprehensive and widely deployed governance, risk and compliance (GRC) management solution, announced today that it is partnering with the IT Governance Institute (ITGI). Under terms of the partnership, Axentis is reselling ITGI’s Control Objectives for Information and Related Technology (COBIT) as part of its new IT GRC Management Suite, enabling organizations to effectively develop, communicate and manage IT processes based on widely recognized standards like ISO/IEC 17799, ITIL, and GAPP in addition to COBIT.
“The agreement with Axentis allows our COBIT framework to be provided through Axentis IT GRC Management Suite, which ensures that more organizations are able to better leverage these standards to enhance their IT governance,” said Roger Debreceny, chair of ITGI’s COBIT Steering Committee. “Organizations will be able to approach IT governance in a more comprehensive way, giving executives and boards a complete view of IT risks and rewards.”
Through Axentis IT GRC Management Suite, the new COBIT option provides users with an IT governance framework to ensure that IT practices are thoroughly communicated and integrated across business units, while producing a defensible audit trail mapping the ownership of individual responsibilities. Because Axentis IT GRC Management Suite is provided via Axentis Enterprise, the industry’s first and only pure Software-as-a-Service (SaaS) compliance solution, the new COBIT framework can be implemented quickly allowing IT to focus on the processes and not the system implementation and support.
“With the addition of ITGI’s COBIT framework to Axentis IT GRC Management Suite, Axentis is able to provide organizations with an integrated reference standard within a complete GRC approach to better address the increasing regulatory demands and to raise the value of IT to the organization,” said Robert Hoyt, CEO of Axentis. “Most importantly, we are utilizing the knowledge and expertise of the organization responsible for developing COBIT, which considerably enhances the effectiveness of our new IT GRC solution.”
About ITGI
The IT Governance Institute® (ITGI) was established by ISACA in 1998 to advance international thinking and standards in directing and controlling an enterprise’s information technology. ITGI developed Control Objectives for Information and related Technology (COBIT), now in its fourth edition, and offers original research and case
studies to assist enterprise leaders and boards of directors in their IT governance responsibilities.
About Axentis
Axentis delivers the only on-demand business performance optimization environment that empowers companies to turn governance, risk and compliance initiatives into better business performance and competitive advantage. With its unique software-as-a-service (SaaS) model, Axentis Enterprise (Ae) Suite delivers a one-world view of the entire organization for better risk management, mitigation and compliance. Ae is easy-to-use and can be deployed quickly, delivering immediate impact and a quick return on investment (ROI). Axentis was recently named an industry leader by Forrester Research in its “Government, Risk and Compliance Wave Study™” and a “Cool Vendor” by Gartner, which also recognized Axentis in a report titled, “Adoption of Software-as a-Service Is Happening Outside of CRM.” Current Axentis customers include ADT and AstraZeneca Pharmaceuticals. Axentis is headquartered in Cleveland, Ohio with data centers in Boulder, Colorado and Basel, Switzerland. For more information, please visit http://www.axentis.com/.
