7.31.08
Security Weaver Confirms Market Demand for Simplified Compliance Software
Carlsbad, CA
Security Weaver™, a leading provider of application controls management software for use with SAP applications, today announced strong growth in the first half of 2008 with significant momentum across both mid-market and large enterprises. Growth is attributed to strong global demand for simplified compliance automation and Security Weaver’s superior service delivery. Security Weaver's second quarter of 2008 was a record quarter in terms of new customer signings. New customers in Q2, 2008 span the globe and include publically traded, private, non-profit and government agencies further demonstrating the broad appeal of Security Weaver solutions. Overall new business sales greatly exceeded Security Weaver’s growth targets in the first half of 2008 over the same period in 2007, and the company is on track to achieve its year-over-year growth goals. "Security Weaver continues to gain significant quarter over quarter momentum in the marketplace as customers consistently recognize the performance and cost advantages of our application centric compliance solutions for use with SAP,” said Security Weaver CEO, Terry Hirsch. Hirsch also noted “We are winning customers over and are increasingly recognized as offering a best in class solution for SAP application compliance. The market is really tuning into our message.” Customers consistently highlight the performance and ease of use of Security Weaver’s solutions. "Like my peers, I typically have concerns about installing new software across my enterprise, but Security Weaver's installation proved seamless" said Burton Cooper, CIO of Vi-Jon. "Even more impressive was once installed Security Weaver's product suite is easy to use, easy to maintain, unobtrusive and very effective in ensuring proper segregation of duties and privileged access management.” Security Weaver’s simplified compliance solution was designed from years of experience working with the risk management and compliance issues of numerous Fortune 1000 enterprises. By leveraging this experience, Security Weaver’s solutions require less extensive system resources and considerably shorter time necessary to complete the separation of duties (SOD) compliance and reporting process. In fact, enterprises that use Security Weaver have been able to reduce their SAP compliance review process from several days to a matter of minutes. This translates into significant resource and cost savings for organizations that use SAP enterprise software. Security Weaver also provides significant SAP expertise to assist customers in deploying and implementing compliance solutions. About Security Weaver: Security Weaver is a leading provider of application controls management software for SAP. Our flagship software suite, Security Weaver, is engineered to take the guesswork out of compliance in your SAP environment and delivers actionable results in a matter of days. Our tools provide true real-time automation of SAP compliance tasks such as management of segregation of duties (SoD) conflicts, full automation of the user provisioning process, control of emergency access, configurable process controls along with providing robust reporting and workflow capabilities. Our applications have been recognized as world-class in terms of performance, scalability, ease of installation and ease of use. Organizations throughout the world are using Security Weaver to provide a robust application controls framework in SAP while providing management, business, finance, IT and audit with the tools and visibility they need to reduce the risk of fraud and ensure compliance. For more information, visit www.securityweaver.com Media Contact: Rita Macdonald Security Weaver (650) 444-7900 rita@securityweaver.com