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Cost savings generated from lowered costs in IT pays for
provisioning software in less than a year

LONDON, UK - 1 March 2005 - A new study by the Aberdeen Group 'The Value of User Provisioning for SOX Compliance' sponsored by Thor Technologies, the most experienced and proven provider of identity management solutions, identifies user provisioning solutions as one of the key controls recommended by auditors for cost-effectively complying with Sarbanes-Oxley (SOX). The results from the survey and in-depth interviews, conducted among more than 40 leading enterprises worldwide, is part of Aberdeen's Business Value Research Series and builds on prior Aberdeen research stating that, when properly implemented, the cost savings generated from lowered costs in IT generally pays for provisioning software in less than a year.

Key findings from the survey include:
-Three-quarters of the sample believe user provisioning is
important to their company's compliance efforts, with
separation of duties and attesting to specific internal
controls most often cited as its key contribution.

-Numerous firms believe that user provisioning addresses
from one-quarter to fifty per ent of the controls that are
required to comply with Section 404 of Sarbanes-Oxley.

-Auditors interviewed for the survey stated user
provisioning is the key control needed for evidentiary
purposes.

Many companies employ user provisioning for additional compliance-oriented benefits, from compliance training to better business process monitoring and improvement.

"Among the large and mid-sized enterprises we surveyed, some respondents called user provisioning 'the missing control link' between undocumented and documented business processes and the realities of how business results were actually accomplished," said Jim Hurley, Aberdeen vice president of research and the principal author of the report. "In their own words, companies involved in compliance initiatives reported that user provisioning is 'a big deal for us'. By focusing attention on operational weaknesses, SOX auditing and compliance initiatives have re-charged corporate efforts to weed out business practices and supporting technologies that do not optimise revenue and profitability."

"IT leaders are aware of the strategic role that identity management plays in supporting compliance in a sustainable manner" said John Aisien, Thor Technologies' vice president of marketing and business development. "At Thor's second Technical Advisory Council in November 2004, Thor customers Nextel Communications, Lehman Brothers and Barclays Plc participated in a panel on 'Provisioning as a Compliance Enabler', an example of the sort of ongoing discussion and collaboration with our customers that drove the introduction of Xellerate® Audit and Compliance Manager. This solution provides a framework to automate compliance measures for meeting internal policy and regulatory requirements. Aberdeen's research validates our product strategy and mirrors the feedback we have received from customers on how they have been able to leverage our solution across several fronts, dramatically increasing their return on investment."

According to the leading analyst firm Datamonitor, the total market for identity management products and services is expected to grow from 2003 revenues of $4.3bn to $6.2bn by 2007 at a compound annual growth rate (CAGR) of 9.9%, with user provisioning accounting for the highest rate of growth, at a CAGR of 26%.

Along with other resources on identity management, user provisioning and compliance solutions, "The Value of User Provisioning for SOX Compliance" is available for download at http://www.thortech.com/ereg/eregform.asp.

-Ends-

Contact details:

Michael Burling
Thor Technologies
Tel: +44 (0) 1932 268456
email:michael.burling@thortech.com


Dulcie McLerie/Caroline Atkins
STRATEGIC Tel: +44 (0) 1494 434434
email:dulciem@strategicpr.net
email:carolinea@strategicpr.net


About Thor Technologies, Inc.
Thor Technologies is the most experienced and proven provider of identity management solutions to Global 2000 enterprises and public sector agencies. Thor's leading-edge customers, blue chip partners and its own team of domain experts create a security and compliance solution of unparalleled value. Thor's Xellerate® Identity Manager is the most comprehensive identity management solution for automating compliance and eliminating security risks by managing "Who Has Access to What" across the enterprise. Thor counts Barclays Plc, HBOS Plc, Lehman Brothers, MphasiS and Nextel Communications as customers, as well as Accenture, BearingPoint, Booz Allen Hamilton, BEA Systems, MphasiS, Oracle Corporation and RSA Security as partners. For more information, please visit http://www.thortech.com, or contact the company at info@thortech.com, +1 (800) 274-8467 in North America and +44 (0) 1932 268 456 in the United Kingdom.

Thor's Xellerate Audit & Compliance Manager (XellerateACM) is an advanced audit and compliance management system that provides enterprises with a framework to establish and manage internal controls, and an audit mechanism that ensures that these controls are being enforced. The solution is designed to help internal and external auditors, information security staff and risk managers understand the current landscape of "who has access to what" across the enterprise, and proactively identify any exceptions. XellerateACM is a stand-alone product based on Thor's flagship identity management solution, Xellerate Identity Manager (XellerateIM), which automates the management of identities and user access privileges across all of an organisation's IT resources.

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Thor, Thor Technologies, Inc., Xellerate, and Adapter Factory are registered trademarks of Thor Technologies, Inc. All other trademarks are property of their respective owners.

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