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6.28.2007
Current Analysis to Offer Telecom and Network Equipment Market Share Forecasts from Synergy Research

STERLING, VA - June 28, 2007 - Current Analysis today announced they would become the exclusive reseller of Synergy Research Group's quarterly market share and forecast data. The expansion of the Synergy relationship allows Current Analysis to offer both qualitative and quantitative syndicated analysis of the competitive telecom infrastructure and networking equipment industries. Current Analysis will integrate the quarterly market share and forecast reports into their CurrentCOMPETE platform, to provide a unified telecom research portal for their subscription clients.

"Current Analysis chose to partner with Synergy Research because of their proven record as a trusted provider of market share data", said Raymond Keneipp, CEO of Current Analysis. "It is difficult to properly segment these complex markets, and Synergy has a unique methodology that resonates with customers. We are excited to be able to extend our competitive response offerings to include this valuable market share and forecast data."

"The Federal Reserve Board currently uses Synergy as their exclusive provider of router and switching figures for use in its calculations of the US Capacity and Production Index.", said Jeremy Duke, CEO of Synergy Research. "This is a testament to our accuracy, timeliness, and reliability, and we look forward to making this data available to the broader telecom market via Current Analysis."

Coverage of the following equipment markets is available immediately:
  • Broadband
  • Enterprise VoIP
  • IPTV
  • Mobile Wireless
  • Multi-Service WAN
  • Network Security
  • Router/Switch
  • Storage Area Network (SAN)
  • Service Provider VoIP/IMS

For more information on the market share data, including details on available regions and statistics, please visit: http://www.currentanalysis.com

About Current Analysis

Current Analysis www.currentanalysis.comhas been helping leading technology companies improve their competitive responsiveness since 1997. Sales teams, product managers, and marketing professionals rely on Current Analysis for the latest competitive analysis and tactical advice. Current Analysis' structured, rapid competitive response solutions help companies improve their business performance and create a repeatable process advantage over competitors. The company serves more than 40,000 users at over 200 enterprise clients across the telecommunications, networking, and business software industries.

About Synergy Research Group

Synergy Research Group www.srgresearch.com is a market research leader focused on the publication of quarterly market share, analysis, and forecasting reports for the telecom and networking industries. Synergy offers nine syndicated market research programs across six geographic regions.

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6.27.2007
SimpleTuition Partners with Geezeo to Help Students Make Informed Financial Decisions

Collaboration Brings Independent Student Loan Resource to Student Online Community Designed to Help Young Adults Better Manage Their Finances

Newton, MA and Framingham, MA, June 27, 2007 -- SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today announced a strategic partnership with Geezeo (www.geezeo.com), a web site which helps 18 to 35 year olds better manage their finances.

Among young adult households, two-thirds have incomes below $50,000. Credit card debt is prevalent among this group and nearly one in five is in financial debt hardship (defined as spending 40 percent of their income or more servicing debt, including mortgages and student loans) (1) . Bringing students together into an online community to discuss challenges and benefits of the student loan process can help them better prepare for and manage their student loan debt burden upon graduation.

"Our partnership with Geezeo further demonstrates SimpleTuition's dedication to the student community by allowing us to reach even more students via media they are more comfortable with. Students need easy-to-understand information that helps them make important financial decisions," said Kevin Walker, CEO, SimpleTuition, Inc. "We look forward to working with Geezeo to help young adults manage their budget."

With connections to over 6,000 financial institutions, Geezeo currently offers free web-based financial tools that help students easily track how they spend their money. Geezeo users can securely aggregate all their bank accounts, making it simple to check balances on all bank accounts including checking, savings, loans and credit cards. Additionally, users can join and create discussion groups online to talk about student loans and other financial topics with their peers. Within the next few months, Geezeo will offer features to help users select the best banking and credit products given their individual financial situation.

By partnering with SimpleTuition, students who visit Geezeo.com will be able to research and compare information for many student loan types including Private, PLUS, GradPLUS, Stafford and Federal Consolidation loans. Results can be sorted by monthly payment, total cost of the loan, number of payments, first payment due date and APR, and results contain detailed information about loan pricing, borrower benefits and other attributes. Additionally, Geezeo will feature the SimpleTuition resource area (http://www.simpletuition.com/resource) in order to provide users with a great amount of loan and financial aid information.

"SimpleTuition's student loan comparison solution is an ideal resource for our users," said Peter Glyman, co-founder, Geezeo. "In addition to our web-based personal finance tools we can now offer an independent resource to search and compare student loan options."
(1) Generation Broke: The Growth of Debt Among Young Americans (October 13, 2004 By Tamara Draut and Javier Silva)

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. Recently featured as one of Fast Company's Top 12 Web 2.0 sites, SimpleTuition offers the leading independent and interactive solution for researching and comparing over 100 private, PLUS, Stafford, GradPLUS and Federal Consolidation loans from more than 45 lenders. SimpleTuition is headquartered in Newton, Massachusetts and is funded by Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more information, visit http://www.simpletuition.com/.

About Geezeo

Geezeo is a free online personal finance manager that helps you make "Educated Financial Decisions." Revolutionizing the way people manage their finances, Geezeo leverages the latest Web 2.0 technologies to help consumers quickly and easily track their finances; set financial goals; and create money saving strategies to meet those goals. Geezeo offers a strong social networking community where people share success stories, making sound personal finance a reality. Geezeo is privately funded and based in Framingham, Massachusetts. For more information, visit http://www.geezeo.com/.

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6.20.2007
Higher One Selected by Fourteen Universities to Implement its Onedisburse Refund Management

Students at Fourteen Higher Education Institutions Will Now Receive Money Faster And With More Refund Choices

New Haven, CT - June 20, 2007 - Higher One, a technology-driven financial services company serving higher education, announced today that fourteen additional colleges and universities have signed agreements to utilize Higher One's OneDisburse Refund Management improving the disbursement of refunds to their students. These signings were completed during the past eight months and represent more than 123,000 students. The schools include:
  • St. Louis Community College
  • Clayton State University
  • Albany State University
  • Chattahoochee Technical College
  • Mount Wachusett Community College
  • Pensacola Junior College
  • Dowling College
  • Des Moines Area Community College
  • Berkeley College
  • Pennsylvania College of Technology
  • Edison College
  • Pensacola Junior College

"We are very excited to partner with fourteen more colleges and universities and our collaboration underscores Higher One's commitment to provide administrations and students with cost-effective and time saving financial solutions," said Dean Hatton, President & CEO, Higher One. "These signings also signify that the higher education community, on a large scale, is embracing solutions such as those of Higher One to improve their student services and decrease administrative costs."

"HACC is extremely excited to be working with Higher One," said John Eberly, Assistant Controller, HACC, Central Pennsylvania's Community College. "Our partnership with Higher One will enable us to provide our students with better customer service. By allowing the students to select the method of refund disbursement that is most convenient to them we have been able to get the refunds to the students faster and with flexible options, while at the same time reducing administrative costs and subsequently freeing up staff to concentrate on other student-focused initiatives."

Higher One's Refund Management disbursement services streamline the entire process in which all disbursements and reconciliations are managed electronically and customer service needs are handled directly by Higher One. The schools benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a Higher One OneAccount, a free FDIC insured checking account linked to a OneCard Debit MasterCard.

"UT Tyler is happy to begin a partnership with Higher One in an effort to provide our students with faster, more convenient and better customer service regarding their refunds," said Sherry Powell, UT Tyler Director of Student Business Services. "By providing our students with a choice of three different ways to receive their refunds, we feel confident that OneDisburse Refund Management will improve the refund disbursement process."

With these signings, 75 colleges and universities in the U.S. are now using the Higher One platform. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions. In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card.

About Higher One

Focused exclusively on higher education, Higher One provides Refund Management to higher education institutions and banking services to members of their community through a card based solution. Higher One's integrated solution helps it's clients reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's OneDisburse provides students with more choices and better services for receiving financial refunds and payroll. Higher One also offers a suite of banking services called OneFinanceSM, which includes the OneAccount, a no minimum balance, no monthly fee checking account with the OneCard, a Debit MasterCard for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy RefundSM, and Campus AutoLoad. The OneFinanceSM and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed $2 billion dollars in refunds for its clients. More than 600,000 students, faculty, and staff at distinguished public and private higher education institutions use Higher One's services through their ID or refund card.

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6.20.2007
SimpleTuition Powers Kiplinger Online College Funding Resources

Parents and Students Can Now Use the Student Loan Comparison Center at Kiplinger.com to Find the Best Loan Options

Newton, MA, June 20, 2007 - SimpleTuition, Inc. (www.SimpleTuition.com), a company dedicated to helping students and parents make sense of education financing choices, today announced a partnership with Kiplinger (www.Kiplinger.com), a leader in personal finance advice and business forecasting, that will enable families to research, compare and select student loan options on Kiplinger.com.

In keeping with the Kiplinger organization's eighty year old charter to deliver sound, unbiased financial advice for families and businesses, Kiplinger.com now features the Kiplinger.com Student Loan Finder powered by SimpleTuition, making it easy for parents and students to compare and apply for over 100 different student loans from more than 45 competing lenders. Access to the Student Loan Finder can be found on the "Your Money "and the "College & Families" channels, as well as in the "Tools & Calculators" section of Kiplinger.com.

"There is a natural synergy between SimpleTuition and Kiplinger, as both companies are dedicated to helping families make sense of personal finance options," said Kevin Walker, CEO of SimpleTuition. "SimpleTuition strives to help consumer's make sound financial decisions by offering an interactive, independent online resource for researching, comparing and applying for loans."

Kiplinger.com also now offers a Federal Student Loan Consolidation comparison resource, again powered by SimpleTuition, which helps parents/students understand the loan consolidation process and to determine if consolidating is the right option for them. The median student loan debt for graduates from four-year colleges and universities is $15,500 for public and $19,400 for private institutions. For many, consolidating their federal student loans is a viable and necessary option.

"Kiplinger selected SimpleTuition as a partner because we share a common goal of providing customers with complete, intuitive resources for researching financial questions," said Doug Harbrecht, Editorial Director of Kiplinger.com.

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. Recently featured as one of Fast Company's Top 12 Web 2.0 sites, SimpleTuition offers the leading independent and interactive solution for researching and comparing over 100 private, PLUS, Stafford, GradPLUS and Federal Consolidation loans from more than 45 lenders. SimpleTuition is headquartered in Newton, Massachusetts and is funded by Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more information, visit www.SimpleTuition.com.

About Kiplinger

Kiplinger.com (www.kiplinger.com) offers the same great advice that appears in Kiplinger's Personal Finance magazine, plus additional features that include interactive tools and calculators, daily personal finance features, stock and mutual fund quotes, Web-only columns offering timely insights into today's trends, personal finance tutorials, and up-to-the-minute business news from the new Kiplinger Business Resource Center. Founded in 1920 by W.M. Kiplinger, the Kiplinger organization developed one of the nation's first successful newsletters in modern times. In 1947, the company launched the nation's first personal finance magazine, Kiplinger's Personal Finance. Recently, the Kiplinger organization was named one of the "World's Most Ethical Companies" List by Ethisphere Magazine, and was nominated a 2007 finalist in the MINs Best of the Web awards for the redesign/relaunch of Kiplinger.com.

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6.19.2007
OpenPages' President and CEO Michael Duffy Wins Ernst & Young Entrepreneur of the Year Award

Waltham, Mass. - June 19, 2007 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that president & CEO Michael J. Duffy has been awarded the prestigious Ernst & Young Entrepreneur of the Year Award for the New England region. Duffy was presented with the enterprise software technology category award on June 14, 2007 during the 21st annual Awards Banquet held at the Westin Waterfront Hotel in Boston.

This annual award recognizes exceptional entrepreneurs in various industries on a regional, national and global level. A finalist for a third consecutive year, Duffy was selected as the enterprise software winner from more than 90 nominations received in several categories from other New England-area entrepreneurs. As a 2007 regional award winner, Duffy is now eligible to participate in the national Ernst & Young Entrepreneur of the Year awards, which will take place in Palm Springs, Calif. on November 15-18, 2007.

Ernst & Young's recognition of Duffy's entrepreneurial leadership comes on the heels of a strong first half of 2007 where OpenPages launched two new product modules to round out their OpenPages Governance PlatformSM. The launch of the OpenPages Governance Platform provides customers with an integrated approach to managing risk throughout their entire organization - from financial controls and operational risk to general compliance and IT governance. In June 2007, OpenPages launched the availability of its GRC solutions in Japan to help companies comply with J-SOX as well as other financial controls regulations. OpenPages was also recently named a Red Herring 100 award winner, listed as the fastest growing private software company on the Inc. 500 and received the OpRisk & Compliance magazine product of the year award for Sarbanes-Oxley compliance software.

"While being recognized as an Ernst & Young Entrepreneur of the Year award winner is a personal honor, it is impossible to receive this award without recognizing the hard work, dedication and entrepreneurial spirit shown by the entire OpenPages team," said Michael Duffy, president and CEO of OpenPages. "I have had the distinct honor of being able to manage a group of consummate professionals that have executed flawlessly to seize the opportunities of the high growth governance, risk and compliance software marketplace."

About OpenPages

OpenPages is the leading provider of Governance, Compliance and Risk Management solutions for Sarbanes-Oxley Compliance, General Compliance Management, Operational Risk Management and IT Governance. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit http://www.openpages.com/.

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6.12.2007
Optical cards hit the right note

For David-Joseph Brown the moment of truth came one evening in 1997 on the busy streets of Soho in central London.

He and his wife Kathy Heslop were preparing to play a jazz-fusion session at a local club, with him playing piano and her a Violectra five-string electric violin. But as they tried to load up their van, they found themselves menaced by the threat of a parking ticket that would take a sizeable bite out of the evening's takings.

"We looked at each other, and we decided to give it up," he says, although they had clocked up hundreds of gigs a year as professional musicians since leaving Birmingham Conservatoire, one of the UK's leading music schools. The couple decided they would concentrate on the digital-recording business they had set up that year.

A decade on, 34-year-old Mr Brown is the straight-talking president and chief executive officer of Serious, a digital-publishing company that employs more than 60 people worldwide, with US offices in the other SoHo in New York, where Ms Heslop is chief marketing officer. The business has doubled in size annually over the past few years and has forecast revenue of about $30m this year.

Its diverse list of business partners includes Disney, Campbell's Soup, ESPN, Nickelodeon, Manchester United soccer club and McKesson, the largest US drugs distributor. All have been customers for the company's core product – optical cards with a compact disc or DVD on one side that can be slotted into a computer.

Last month, for example, Manchester United mailed out DVD-readable postcards to its season-ticket holders, with material including team screen-savers and an interview with Sir Alex Ferguson, the team's manager, to encourage fans to renew their season tickets. In the US the cards have been used to promote ticket sales by the Indianapolis 500 motor race and by the US Tennis Assoc­iation.

Also in May, Circuit City, the consumer electronics chain, released a stored-value Pirates of the Caribbean gift card, produced with Disney and Serious. Linked to the release of the third Pirates film, the card includes a standard magnetic strip so it can be used to pay for merchandise in the company's stores. It can also be slotted into a PlayStation, X-Box or tray-loading DVD player, and used to play the trailer from the film as well as related computer games, or to link to film-related products on the Circuit City website.

Meanwhile, McKesson, the drugs distributor, is using the same format to produce credit-card-sized cards for patients, which work both as a loyalty card and for carrying additional information on medication, with the possibility of registering for refill reminders and to obtain discounts.

In the early 1990s the couple set up their own record label, King Pin Music, but were plunged into debt after their main distribution company went bankrupt. In an effort to pay off the debts, they worked as musicians on Brittany Ferries' services across the English Channel and the Bay of Biscay for two years. "We worked out that we sailed [the equivalent of] around the world twice," Ms Heslop says. "We could do everything," Mr Brown says. "We did the afternoon recital, we worked as a jazz trio, we played as a function band in the evenings."

He says professional musicians have skills that suit them for business: "They create everything themselves; they're responsible for their own performance; they do their own legal work; they do their own accounting; and they have to produce a product that differentiates themselves in a highly competitive market... Then you go into the business world, and you say to yourself: ‘This is easy.'

The ferry job led to meeting some of their first investors, who lent them the money to set up Serious Sound in 1997 – establishing what became one of the first digital recording studios on Bateman Street, Soho – while still playing and writing music and jingles, including for the trailer of the 1999 film Notting Hill.

But after the parking ticket incident they became increasingly interested in the use of digital storage, which led to their first patent for readable "CD Cardz". It also brought their first substantial financing in December 1999, when they raised $1.3m in about two weeks from some 70 individual investors at the height of the internet bubble era.

"My mantra was always global domination, because we brought the product to the market first," says Mr Brown, of the long struggle that began to buy up scores of rival patents around the world, including an ill-fated joint venture with a patentholder in the US who initially wanted to focus on interactive business cards.

Mr Brown says he has sometimes had to fight to keep the focus on the cards: including the time he made the unwelcome discovery that one of his now former executives had started developers working on a web portal.

Serious stuck to the original proposition and the focus on value-added card-based material. "We consider our core business is to be a publisher with a globally unique medium," Mr Brown says.

In 2000 it produced its first products - a set of 24 collectable soccer stars cards for the Euro 2000 tournament, and a series of five cards featuring members of Westlife, the Irish boy band. Armed with the cards, the two set off for New York, with their eyes on the collectable sports-card market, hoping to raise $9m. But they arrived just in time for the meltdown of the Nasdaq stock market with the end of the technology bubble.

Eventually they secured $3m in funding commitments from Siebels tech funds, but a second tranche of the money was delayed by the catastrophe of September 11 2001. A further $27m was raised subsequently, including, recently, $18m over three months.

With its fundamental proposition of being "a technology-enhanced service provider", Serious has fitted into the growing search by consumer companies in the US to find ways to link online experiences to the physical world of their customers – a notion epitomised by the DVD gift cards. The cards can also be used to carry wireless RFID chips.

Last year Serious reached deals with some of the biggest gift-card providers, setting itself up for further projects, while the company continues to develop its collectable, promotional and pharmacy business.

Mr Brown says Serious is on the brink of rapid growth. But he and Ms Heslop are adamant that they don't see themselves at the top of a big corporation, and eventually expect to sell the business.

"For Serious to become a multibillion-dollar enterprise, it is prob­ably bigger than us," says Mr Brown, who adds that he has a strongly "vocational" approach to his work in business, where he says he has sought a "non-hierarchical" approach.

"There is going to become a point when this has become a machine that churns out cash, and at that point we're not really going to be interested any more."

At any rate, they no longer have to worry about parking tickets.

  • US investing environment beats 'really sleepy' UK

After seven years establishing their business in the US and living in New York, David-Joseph Brown and Kathy Heslop joke that ideally they would "like to work in the US and to live in Europe".

Mr Brown argues that while persuading US investors to part with their money in the years after September 11 2001 and the collapse of the tech bubble was tough, it was still less frustrating than his experiences in the UK, where even getting to see an investor was a struggle.
His US investors include New York City's pension funds, Capital One and Greenhill: it was much easier to get access to investors prepared to listen to his business presentations in the US than in the UK.

"Small private equity funds tend to be accessible, and the large-cap investors are tough, but open," he says. The UK investments, he argues, also required more work afterwards: "The couple of million pounds we have raised in the UK probably takes more administrative time than the $30m we raised in the US."

As a self-made business man, he is also critical of the overall attitude towards business in the UK. "We find the UK really sleepy," he says. "It is still like pulling teeth to do business there. It is hard to get people excited."

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6.11.2007
OpenPages' CEO Michael Duffy named a Top 100 Influencer in Finance by Treasury & Risk

Waltham, Mass. - June 11, 2007 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that president & CEO Michael J. Duffy has been selected by Treasury & Risk magazine as one of the Top 100 Influencers in Finance this year. The annual list - compiled by Treasury & Risk magazine editors - ranks the top movers and shakers in finance. This year, editors honed in on globalization as the theme by which selections were based.

As a direct result of Michael Duffy's vision and commitment to success, OpenPages has become the recognized leader in the GRC market. This is an impressive accomplishment given the competitive nature of the GRC industry and is a clear indicator for why he was chosen to the Top 100 list this year.

This recognition of Duffy's leadership comes on the heels of a strong first half of the year where OpenPages launched two new product modules to round out their OpenPages Governance Platform. The launch of the OpenPages Governance Platform enables customers an integrated approach to managing risk throughout their entire organization - from financial controls and operational risk to general compliance and IT governance.

"To be recognized personally and to have OpenPages recognized in such a competitive industry, is something of which I am extremely proud. The passion and drive exhibited by the OpenPages team is what keeps me motivated and the reason why I am so excited about the opportunities that lie ahead," said Michael Duffy, president & CEO, OpenPages. "To be included with such an impressive group of industry leaders recognized by Treasury and Risk is truly an honor and one that I do not take lightly."

About OpenPages

OpenPages is the leading provider of Governance, Compliance and Risk Management solutions for Sarbanes-Oxley Compliance, General Compliance Management, Operational Risk Management and IT Governance. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.

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6.11.2007
OpenPages Wins OpRisk & Compliance Magazine's First Annual Compliance Software Rankings

Continues Strong Momentum with Prominent Placement in Chartis ORM Report

Waltham, Mass. - June 11, 2007 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that they have won first place in the Sarbanes-Oxley compliance category in the inaugural OpRisk & Compliance magazine rankings for compliance software. The results were based upon a two week online voting period by end-users who were asked to rank their top five firms across eight select categories. The results were then weighted and tallied by an independent third party, Incisive research.


In addition to securing first place status in the compliance software rankings with OpRisk & Compliance, OpenPages also received prominent placement in Chartis Research's most recent Operational Risk Management Systems report. Throughout the report, OpenPages is recognized for their domain expertise as well as the company's ability to ensure customer success with their enterprise risk management technology. Chartis recognized OpenPages as one of the leading ORM applications in the market.

Based upon survey data collected by Chartis between January 2007 and April 2007 of ORM system customers, OpenPages ranked near the top in application functionality and ranked number one in usability.

"The fact that the software rankings for OpRisk & Compliance and a good portion of the Chartis report were based directly from the responses of customers is significant," said Brian Cleary, vice president marketing, OpenPages. "When you receive accolades from the actual people charged with implementing enterprise risk management for their organizations, there is no higher compliment. These are welcome additions to what has been a long list of OpenPages accomplishments in 2007."


Other 2007 accomplishments for OpenPages include: Red Herring 100 winner; named fastest growing private software company in America by Inc. Magazine; ranked #2 Pacesetter by Boston Business Journal; president & CEO Michael Duffy named as one of the Top 100 influencers in finance by Treasury and Risk magazine and an E&Y Entrepreneur of the year finalist.

About OpenPages


OpenPages is the leading provider of Governance, Compliance and Risk Management solutions for Sarbanes-Oxley Compliance, General Compliance Management, Operational Risk Management and IT Governance. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit http://www.openpages.com/.

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6.1.2007
Guard Joins Easychoice Workers' Comp Program

June 1, 2007 (Moorestown, New Jersey) - Payroll Associates today announced the addition of the Guard Insurance Group within the EasyChoice Workers Compensation program offered to it's licensees. Guard Insurance Group is a workers compensation specialist offering products that are financially secure, well-priced, and enhanced by expertly focused service.


With the Guard's Reporting Interface for Payroll (GRIP), the EasyChoice program offers a solution that will eliminate most of the hassle for obtaining and maintaining Workers Compensation coverage. In addition, you and your employer clients can enjoy quality coverage-complete with loss control, medical management and claims services.

Features and Benefits include

  • No down payment and no installment fees.
  • Premium paid in small increments each payroll period-a significant cash-flow advantage.
  • Minimal surprise at audit time. (Using actual payroll data instead of estimated amounts results in more accurate premium!)

Payments conveniently drafted each pay period from the bank account of client's choice.
"I am extremely pleased to include The Guard in our integrated workers compensation marketplace" said Jim Costello, President of the Moorestown, New Jersey based firm, a leader in the payroll industry. "They are a great company with a solid financial background that can assist our licensees with another powerful way of building their businesses."

A business unit of PAI Group Inc., Payroll Associates, LLC (www.payrollassociates.com) provides integrated payroll, HR, tax filing and time & attendance products for nearly 250 payroll companies, 120,000 employers and nearly 2 million employees nationwide.

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6.1.2007
The University of Texas at Tyler Signs on to Use Higher One's Onedisburse Refund Management

74 Higher Education Institutions Now Using Higher One's Services Enabling Students to Receive Money Faster And With More Refund Choices

New Haven, CT - June 2007 - Higher One, a technology-driven financial services company serving higher education, announced today that The University of Texas at Tyler has signed an agreement to implement Higher One's OneDisburse Refund Management improving the disbursement of refunds to their students. UT Tyler will have the ability to begin processing refunds in August.

"UT Tyler is happy to begin a partnership with Higher One in an effort to provide our students with faster, more convenient and better customer service regarding their refunds," said Sherry Powell, UT Tyler Director of Student Business Services. "By providing our students with a choice of three different ways to receive their refunds, we feel confident that OneDisburse Refund Management will improve the refund disbursement process."

Higher One's OneDisburse Refund Management streamlines the entire disbursement process in which all disbursements and reconciliation are managed electronically and customer service needs are handled directly by Higher One. As a result, UT Tyler will benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a HigherOne OneAccount, a free FDIC insured checking account linked to a OneCard debit MasterCard, known to the UT Tyler community as the Swoop OneCard.

"We are pleased to be providing UT Tyler with a program that offers significant cost savings for the institution as well as more choices for students," said Dean Hatton, President & CEO, Higher One. "The higher education community is quickly embracing solutions such as Higher One's OneDisburse as colleges and universities nationwide look to improve their student services and decrease administrative costs."

With this signing, 74 colleges and universities in the U.S. have now signed on to use Higher One's services. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions. In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card.

About Higher One

Focused exclusively on higher education, Higher One provides Refund Management to higher education institutions and banking services to members of their community through a card based solution. Higher One's integrated solution helps it's clients reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's OneDisburse provides students with more choices and better services for receiving financial refunds and payroll. Higher One also offers a suite of banking services called OneFinance, which includes the OneAccount, a no minimum balance, no monthly fee checking account with the OneCard, a Debit MasterCard for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy Refund, and Campus AutoLoad. The OneFinance and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed $2 billion dollars in refunds for its clients. More than 600,000 students, faculty, and staff at distinguished public and private higher education institutions use Higher One's services through their ID or refund card.

About The University of Texas at Tyler

One of the 15 campuses of The University of Texas System, UT Tyler offers excellence in teaching, research, artistic performance and community service. More than 70 undergraduate and graduate degrees are available at UT Tyler, which has an enrollment of nearly 6,000 high-ability students at its campuses in Tyler, Longview and Palestine.

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