Modulo Announces Momentum for Its GRC Solutions in Europe and Middle East

Commercial Bank of Dubai Selects Modulo as its Enterprise Governance, Risk and Compliance (GRC) Management Platform



MONTCLAIR, N.J., Tuesday, August 31st 2010 [ME NewsWire]:

(BUSINESS WIRE)-- Modulo, a leading provider of enterprise governance, risk and compliance (GRC) solutions, today announced new customers, partners and a record first half year for 2010 in the fast growing Europe, Middle East, and Africa (EMEA) markets - helping to solidify the company’s strong worldwide presence. New customers include international leaders in banking, oil & gas and electronics sectors, including the Commercial Bank of Dubai who has selected Modulo for its enterprise GRC platform.


Eight new specialist security partners, in addition to global partner IBM, are using Modulo Risk Manager to expand services across EMEA: Cryptonet, Ejada Systems, Footprint Africa (FABS), Fractalis, HD-INFO, ITCVC, Paladion Networks and Vasgard.


The Commercial Bank of Dubai (CBD) is a commercial and retail bank with over 34 million AED in assets and a network of branches throughout the UAE. CBD is using Modulo to centralise and automate its risk assessment activity. "We chose Modulo's Risk Manager as a core element of our GRC solution after a careful evaluation of all the tools in this market. We chose the application not only because of its functionality in the specific areas of compliance and risk management but also due to the company’s significant exposure to the banking sector,” said Rinaldo Ribeiro de Oliveira, Head of IT GRC & IT Security for the Commercial Bank of Dubai.


“The EMEA markets are challenged with managing risk in the face of complex and demanding regulations and exponentially increasing security threats. With over 25 years experience, Modulo has one of the most comprehensive offerings and largest installed bases, and is also the first to support multiple languages,” said Mark Bardoe, VP of EMEA for Modulo.


About Modulo

Modulo is a leading global enterprise provider of comprehensive Governance, Risk and Compliance (GRC) management solutions. Modulo’s Award winning Risk Manager™ provides over 1,000 world-wide organizations 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. Recent recognition received by Modulo include: Info Security Products Guide 2010 Global Product Excellence Award, Network Products Guide 2010 Product Innovation Award and Finalist in 2010 SC Awards Best Regulatory Compliance Solution.


Visit www.modulo.com for more information.


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