BVEW Bindview Development Corp (MM)

Advancing its IT security compliance vision, BindView Corp. (Nasdaq:BVEW) announced today the first in a series of new products and services capabilities planned for the balance of 2005. Today's announcements encompass key offerings based on the company's portfolio of award-winning IT security compliance products. "Today's announcements represent an important milestone in the journey we began six months ago to increase performance across the company," said BindView President and Chief Operating Officer Arshad Matin. "Through the remainder of this year, we will deliver additional new products and services that provide break-through security compliance capabilities and create superior value for our customers." IT organizations around the world face intense scrutiny and a microscopic focus on how they meet the requirements and complexity of today's multi-regulatory landscape. With technical standards, frameworks, audit inspections and executive attestations, compliance-related spending is reaching unprecedented proportions. According to AMR, a leading market research firm, the cost of meeting and demonstrating regulatory due care is expected to hit $15.5 billion this year in the U.S. alone, and, according to the firm, will hit the $80 billion watermark over the next five years. "Security incidents, security compliance audits and new regulations are driving up corporate expenditures, and IT organizations can no longer address these as separate, independent issues," said BindView Senior Vice President of Marketing Steve Kahan. "The rapid acceleration of security threats, costly audits and the urgent need to comply has raised the bar for how global organizations in both the public and private sectors must respond. BindView enters today a new phase in its history, with a reinvigorated focus on products and services that hit the bull's-eye in addressing these new customer requirements." New Products Extending its IT security compliance portfolio, BindView today announced the availability of new regulatory compliance content for its flagship Compliance Center product. Organizations are struggling to comply with complex regulatory mandates, and the new report views provide actionable IT security controls that are mapped directly to the regulations. The unique mapping capability provides IT professionals, business executives and their auditors with a single view into the combined security compliance posture. The new reports map regulatory mandates -- including Sarbanes-Oxley, FISMA, HIPAA, Basel II and GLBA -- to the industry-accepted ISO 17799, COBIT and NIST SP800-53 frameworks using the Center for Internet Security's (CIS) Level-1 and Level-2 Benchmarks for the Windows and LINUX operating systems. Platform coverage includes Windows, LINUX and Sun. Because no technical standards exist for NetWare, BindView has created its own Security Essentials Technical Standards for NetWare, based on its long history of helping to secure Novell environments. (See today's separate release: BindView Unveils Comprehensive Regulatory Report Views for Evaluating IT Security Compliance Posture") New Services The company announced today a broad range of new professional-services offerings designed to help organizations in the public and private sector meet and sustain security compliance requirements. Ranging from baseline assessments to sophisticated reviews of an organization's compliance posture, BindView Professional Services offers prescriptive guidance and security compliance know-how to address technical, business and operations requirements for demonstrating due care. The new capabilities include Security Compliance Power Up, Compliance Review, IT Security Review, Policy Review, Policy Development, Configuration Assessment and Vulnerability Assessment. (See today's separate release: BindView Provides Advanced Professional Services Line-Up to Meet IT Security Compliance Requirements) Extending its global training and education services, BindView also announced the availability of new e-learning services, accompanied by a customer-centric licensing model. The new model offers organizations access to BindView's entire coursework portfolio for an unlimited number of employees. e-learning courses can be accessed 24-hours-a-day, seven-days-a-week, anywhere an Internet connection is available. (See today's separate release: BindView Delivers Comprehensive New e-Learning Services with Customer-Centric Licensing Model) BindView Regulatory Compliance Summit Earlier this month, BindView announced plans for hosting the "2005 State of Regulatory Compliance Summit." The event is scheduled for July 19, 2005, in Washington, D.C., at the National Press Club. The summit will include a panel discussion featuring leading authorities and executives, including former U.S. Securities and Exchange Commission Chairman Arthur Levitt; James C. Foster, deputy director of global security solution management with Computer Sciences Corporation (CSC); Everett C. Johnson, International President of the Information Systems Audit and Control Association (ISACA) and a former partner with Deloitte & Touche; John C. Parmigiani, president of John C. Parmigiani & Associates and former chairman of the HIPAA Security Standards Implementation Team; Dave A. Richards, President, The Institute of Internal Auditors (IAA); and BindView Chairman and CEO Eric J. Pulaski. The panel will assess the regulatory landscape, discuss implications, and provide opinions and prescriptive guidance on how today's regulatory environment has recast the global landscape in both the public and private sectors. The panel will offer insights and predictions on how to manage amidst the chaos and scrutiny. (See separate release dated July 5, 2005: BindView Teams with Compliance Experts to Present 2005 State of Regulatory Compliance Summit) About BindView BindView Corporation is a global provider of IT security compliance software. BindView solutions remove barriers that limit an organization's ability to cost effectively demonstrate due care and maintain compliance with IT security policies and regulatory mandates. BindView policy compliance; vulnerability and configuration management; and directory and access management software combines best-practices knowledge with automated controls to reduce risk and protect IT assets at the lowest cost across users, systems, applications and databases in multi-platform environments. More than 20 million licenses have shipped to 5,000 companies worldwide, spanning all major business segments and the public sector. Contact BindView via e-mail at info@bindview.com, on the web at http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439.