New Cloud Service Combines Security Monitoring, IT-GRC

PRESS RELEASE

SANTA CLARA, Calif. June 1, 2010: eGestalt Inc. (www.eGestalt.com), a provider of information technology governance, risk management and compliance (IT-GRC) solutions for all enterprises, including small to mid-size organizations, today announced the U.S. availability of SecureGRC, a patent-pending online enterprise software application that helps to meet regulatory compliance mandates in significantly less time and cost than existing traditional software-based tools. The unified solution provides an ability to address all the enterprise needs around information security, compliance and risk management and provides automation and integration of policy controls to manage security and IT-GRC related issues.

SecureGRCs on-demand cloud-based, pay-as-you-grow subscription service enables up to 10x reduction in total cost of ownership, which is ideal for cost-conscious small and mid-size organizations.

The combined security monitoring and IT-GRC solution provides automation and integration of policy controls in a ready-to-use framework that includes context-based inference engines, alert processing, logging and monitoring.

eGestalt Co-Founder and President Anupam Sahai said, SecureGRC is the worlds first truly leading integrated IT compliance and security management solution for enterprises. Using a patent-pending solution, this unique approach to unifying information security and IT-GRC will lead to better compliance policy implementation since the monitoring and vulnerability analysis tools provide an unprecedented fine-grained view into the vulnerabilities that exist in the enterprise and helps in effective threat detection and business risk estimation, simplifying regulatory compliance.

SecureGRC comprises the following ready-to-use compliance control kits: PCI-DSS 1.2, ISO 27001/27002, Cobit, Sarbanes Oxley (SOX), HIPAA, Gramm-Leach-Bliley Act (GLBA), and other country specific frameworks that are ready to use out-of-the-box. Forthcoming is support for: BASEL II and FISMA.

The key differentiators for the SecureGRC solution are as follows:

Advanced business risk management - by unifying risks through non-compliance and effective security monitoring

Scalable and extensible framework - can be customized to enterprise-specific needs with built-in support for a large number of regulatory frameworks

Pay as you Grow consumption model - Delivered via a cloud-based SaaS offering

Dramatic reduction in TCO: Up to 10x reduction in TCO, better economics than any other available solution

Availability

SecureGRC is available immediately through direct and indirect channels worldwide. For further details please call (408) 689-2586 or email [email protected]. For further details about the product, please visit http://www.egestalt.com

About eGestalt Technologies Inc.

eGestalt Technologies Inc. is a world-class, innovation driven, leading provider of cloud computing based enterprise solutions for information security and IT-GRC management. eGestalt is headquartered in Santa Clara, California, and has offices in US, Asia-Pacific and Middle East. eGestalt Technologies Inc., USA, was founded in 2009 by former executives from Fortune 100 companies, Chandrasekhar Bilugu, Chairman and Managing Director and Anupam Sahai, President. The Consulting and development team in India was founded in 2007 by former Intel and IBM executives. For further information about the company, please visit http://www.egestalt.com.