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Home / India News / 2007 / March / March 21, 2007
Azilon Announces D'Risk 3.0 for Global, Indian Markets

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Azilon Announces D'Risk 3.0 for Global, Indian Markets

Mumbai, Maharashtra, India


-- Unified framework for total multi-compliant global risk management

-- Developed at Azilon's international centers in Bangalore and Singapore

-- Reduces cost of compliance with SEBI Clause 49, US SOX

-- New analytics engine, enhanced pre-loaded domain best practices module

Azilon Corporation, a leading provider of governance, risk and compliance (GRC) software solutions for global enterprises and institutions, has announced the release of D'Risk 3.0, the latest upgraded version of Azilon's flagship GRC product suite for the global and Indian markets.

D'Risk 3.0 has been developed at Azilon's international centers in Bangalore, India, and in Singapore.

D'Risk 3.0 is a unique product suite that combines complex skills and specializations-risk, process, domain, legal, technology-into a unified, process-driven risk identification and auditing framework, thus helping achieve multiple global compliances with regulations relating to operations, financial control, and risk management.

The latest version adds significant value with a new analytics engine and an enhanced pre-loaded, best practices domain module created by experts in multiple industry and service domains.

Of special interest to enterprises with presence in India, D'Risk 3.0 significantly reduces costs of compliance with SEBI's Clause 49 and the US Sarbanes Oxley Act.

Comment by Ted Baumsteiger, Director-Sales, Azilon

Ted Baumsteiger, Director of Sales, Azilon, said: "Compliance and governance costs are rising for Indian companies, especially those that are listed in multiple markets such as India and the US. By implementing D'Risk 3.0, customers not only detect violations but can actually prevent and control them over a unified framework."

"While D'Risk is a product for global markets, many of our most prominent customers are located in India. With D'Risk 3.0, Azilon now offers the Indian GRC market a value-added product that has no equal in terms of technology, features, usability, and platform compatibility. We believe customers will find D'Risk 3.0 a compelling value proposition," Mr Baumsteiger said.

About Azilon:

Azilon Corporation (www.azilon.com) is the world's leading provider of governance, risk and compliance (GRC) software solutions for global enterprises. Azilon's sole focus and mission is to enable, in a unified framework, total risk management across its multiple dimensions-market, credit, operations, accounting-in compliance with the latest global standards and regulations including, among others, SOX, HIPAA, RBA, ISO, IFRS, ORM, Basel 2, and Clause 49. Azilon's pioneering flagship offering, D'Risk, now in its third version, has been implemented at some of world's most prominent banks, financial institutions, and insurers.

Azilon is headquartered in Santa Clara, California, US, with international centers in India and Singapore.

Ted Baumsteiger, Director of Sales, Azilon, + 1 408 748 8819 ted.baumsteiger@azilon.com

Dev Chandrasekhar, Ubiquus, + 91 98210 70043 chandra@ubiquus.biz

Source: Azilon Corporation (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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