BATON ROUGE, La. – (Apr. 14, 2008) – TraceSecurity, a leading provider of SaaS security compliance solutions, today announced the launch of the TraceSecurity Channel Partner Program. This program enables partners to enter the rapidly growing IT Governance, Risk and Compliance (IT GRC) market and meet the evolving risk management and governance needs of their clients.

“We launched this program as a vehicle to enable MSPs, system integrators and professional service organizations to actively participate in the rapidly growing on-demand IT GRC market,” said Pete Stewart, CEO of TraceSecurity. “At a time when the IT GRC market is exploding, the TraceSecurity Partner Program helps partners deliver proven, robust, SaaS-based solutions that streamline the IT GRC process. We’ve backed the program with the support and training necessary to ensure our partner’s success.”

According to the Radicati Group, the worldwide security compliance and control market was valued at approximately $6 billion in 2005 and is forecasted to grow to $15 billion in 2010. Businesses are integrating Governance, Risk Management, and Compliance into their business processes to provide ongoing transparency of their Federal, State, and self-regulatory compliance.

TraceSecurity is a pioneer in the IT GRC market offering their solutions on a Software-as-a-Service platform (SaaS). This delivery model relieves the partners from the burden of learning complex installation and certification procedures, and positions them as an active contributor in their customer’s business governance processes. The SaaS model also enables their end-customer to quickly and easily implement the solution making a swift return on investment through time and cost savings. This is critical to the end-user’s need to respond to their auditors, board of directors, and customers regarding their regulatory compliance and ability to maintain business continuity.

The new TraceSecurity Channel Partner Program enables Managed Service Providers (MSPs), system integrators, and professional service organizations, of all sizes, to advance their position as their customer’s trusted advisor by providing premier IT governance, risk management, and compliance services.

Additional benefits of the partner program include:

• Easy entry into the growing IT GRC market
• Access to industry leading SaaS-based IT GRC solutions
• Recurring revenue streams
• Dedicated sales support and full product support
• Access to intensive product training

Partner’s customers benefit from:

• Ability to demonstrate to both internal and external
constituents a verifiable, repeatable method for measuring
risk and compliance with regulations
• Automation of the IT GRC process
• Quick deployment – no software to install (SaaS-based)
• Low upfront costs due to SaaS delivery
• Secure infrastructure – reliable secure web-based delivery

The program will include partners throughout the US, selected for their expertise in specific industries as well as core business processes. For more information, or to learn about joining the partner program, please contact Denis O’Neil, Director of Channels, at deniso@tracesecurity.com, or call 214-623-6414.

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