BATON ROUGE, La. – (Mar. 31, 2008) –TraceSecurity, a leading provider of SaaS security compliance solutions, today announced that it has further strengthened its management team with the appointment of technology industry veteran, Paul McCown, as chief financial officer. Paul McCown brings more than 19 years of experience in operations, investor relations, financial planning, mergers and acquisitions; and public company credentials to TraceSecurity.

“We are very excited to have Paul join the executive management team at TraceSecurity,” said, Peter Stewart, President and CEO of TraceSecurity. “Paul is a proven multi-disciplined business leader with deep experience in the high-tech industry. As the company enters the next phase of our expansion, his experience in operations, finance, and strategic planning will prove invaluable.”

Prior to joining TraceSecurity, McCown served as Senior Vice President of Enabling Technologies at Equifax (NYSE: EFX), where he led a $160 million business unit. He joined Equifax as a result of the acquisition of APPRO systems, a company he lead as President and Chief Financial Officer. During his tenure at APPRO, the company grew from $11 million in revenue and a $7 million loss in 2001 to a $27 million in revenue and $8 million in profit in 2005. Additionally at APPRO, he was instrumental in the sale of the company to Equifax for $92 million. Prior to joining APPRO Systems, McCown was the CFO of Source Capital, a commercial lending venture capital firm. McCown began his career with KPMG in 1988 and held various positions of increasing responsibility.

“Right now is an exciting time in TraceSecurity’s development because they are operating in a captivating, high-growth market,” said Paul McCown. “I look forward to working with the executive management team and board of directors to continue the company’s financial growth.”

About TraceSecurity
TraceSecurity is a leading provider of security compliance and risk management solutions. The company helps organizations of all sizes to achieve, maintain and demonstrate security compliance while significantly improving their security posture. Key to TraceSecurity’s success is the company’s comprehensive patent-pending methodology that helps clients address all of the critical components of a successful security compliance program: people, process and technology.

TraceSecurity delivers its solutions through an integrated software-as-a-service platform backed by expert professional services and comprehensive security awareness programs. The company’s flagship offering, TraceSecurity Compliance Manager, is the first comprehensive solution to automate regulatory compliance audits, board-level reporting, policy management, vulnerability assessment, and employee education and testing. The company’s expert professional services include onsite security audits and social engineering. The security awareness programs include an exhaustive set of standard offerings as well as custom designed courses. With over 700 clients, TraceSecurity supports the risk management and security compliance efforts of organizations in financial services, healthcare, insurance, government and other regulated sectors. For more information, please visit
www.tracesecurity.com.

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Note: TraceSecurity is a trademark of TraceSecurity, Inc.

FOR IMMEDIATE RELEASE:
David Splivalo
Freestyle Public Relations
515-223-4343
david@freestylepr.com