PRESS RELEASE

Atlanta -- July 16, 2013 -- Modulo, a global leader in Technology Governance, Risk and Compliance (GRC) solutions, announced today the general availability of Modulo Risk Manager Version 8.2, featuring the first release of the new Enterprise Risk Management (ERM) module. A significant upgrade to the award-winning Risk Manager product, Version 8.2 also delivers over 150 product enhancements to the Business Continuity Management (BCM) module and core platform capabilities.

With this announcement Modulo now offers a solution for Technology Risk and Compliance Management, Enterprise Risk Management, Vendor Risk Management and Business Continuity Management - all in an affordable package specifically designed "out of the box" for IT, security and compliance professionals looking to align security to their companies businesses risk and compliance needs.

"We are seeing a demand for Technology GRC use cases that pave the way to successful Enterprise Risk Management driven primarily by CISOs, CSOs and CIOs working hand in hand with risk and compliance departments. The advancements in Risk Manager Version 8.2 support this maturity path, offering the market a platform that technology-driven organizations can strategically grow with," said John Ambra, Director of Technical Services, Modulo.

"With the release of Risk Manager Version 8.2, Modulo continues to address customer needs by advancing its IT GRC solution with the broader view of Enterprise Risk Management. Modulo provides me the tools to look across the organization and determine the depth and breadth of my risk analysis," said Rich Licato, Managing Director, Corporate Security, Airlines Reporting Corporation (ARC), whose world-class settlement system is the "financial backbone of travel distribution" processing more than $84 billion annually.

Licato continued, "Risk Manager's flexibility and ease of use has made it the foundational element of our risk management program. Modulo is a valued partner that listens to its customers and works towards joint success."

Modulo Risk Manager recently received a "Positive" rating in Gartner's 2013 MarketScope for IT Governance, Risk and Compliance Management (IT GRCM) and earned the coveted 5-Star rating by SC Magazine in its Group Test of Risk & Policy Management for the last three consecutive years.

Risk Manager Version 8.2 highlights include:

· New Enterprise Risk Management (ERM) Module: Enables organizations to create risk indicators and expand risk reporting to broader enterprise issues

· Business Continuity Management Module (BCM) Enhancements: Enables organizations to reduce risks associated with crises and disasters, leveraging ISO-22301 and BS-25999 industry standards; includes new custom plan and event creation capabilities

· Incident Management enhancements including tree-mapping reports and custom event creation capabilities

· Policy Management and Vendor Risk Management enhancements including custom survey capabilities

· User-friendly interface and integration enhancements

· Risk Modeling enhancements through customizable formulas

Other recent upgrades to the product offer an Intuitive and Easy-to-use Workflow; 100+ New Knowledge Bases; 140+ reports as well as chart wizards and Google Maps displays; support for Mobile and Social apps; and BYOD risk assessments.

The Modulo Risk Manager product platform is available in three flexible license models: SaaS, perpetual-based on-premise software and subscription-based on-premise software.

Over 1,000 organizations in a broad range of sectors around the world - especially those with an emphasis on technology and information risks related to IT assets, transactions, vendors and cloud providers - report a high ROI from Modulo's quickly deployed, scalable and content-rich platform.

About Modulo

Modulo is a leading global enterprise provider of Technology Governance, Risk and Compliance (GRC) management solutions. Modulo's award-winning Risk Manager&trade provides hundreds of organizations worldwide with the tools they need to automate the entire GRC management process to monitor, manage and sustain adherence to policy and regulations while reducing enterprise risk and complexity. Customers span the financial, health care, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo has earned industry recognition as a 2012 Innovator of the Year and "5-Star" product review rating for three consecutive years by SC Magazine..


Visit www.modulo.com and follow Modulo on Twitter @moduloitgrc.