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Cisco Selects SAP Solutions for Governance, Risk and Compliance

(April 23, 2007)--SAP AG announced that Cisco has selected SAP solutions for governance, risk and compliance (SAP solutions for GRC). The solutions will provide Cisco with business process systems to help the company unify its control initiatives and risk management across its extended enterprise. Cisco chose SAP for its proven leadership in business process applications and its innovative vision and approach to the management of compliance and risk across geographically dispersed, highly heterogeneous business and IT landscapes. Cisco will also take advantage of new, jointly developed network-aware composite applications for GRC that integrate network and application platforms to provide a more holistic view of the enterprise for better management of compliance and risk in today’s dynamic enterprise.

“SAP understands the importance of linking and managing risk alongside compliance initiatives and corporate governance issues,” said Chris Kite, vice president, global workplace resources and risk management for Cisco.

SAP solutions for GRC promote business viability by unifying corporate strategy, control initiatives, opportunity discovery and loss mitigation across the extended enterprise. The portfolio of solutions enables companies to efficiently and effectively enforce collaborative and continuous authorization and access controls; helps customers ensure compliance by centrally monitoring key controls for business processes and cross-enterprise IT systems; provides process support for collaborative manual and automated risk identification and monitoring; and serves as a standard for managing all foreign trade processes.

“Cisco has a deep understanding of GRC and how to turn compliance and risk into a strategic asset,” said Amit Chatterjee, senior vice president, SAP’s GRC business unit. “We are delighted Cisco has chosen to implement SAP solutions for GRC as their internal GRC solutions, and we’re equally excited to be collaborating with them on a new breed of network-aware GRC composite applications that we can bring to our mutual customers. We will continue to drive innovation in the GRC space together with Cisco.”

In a separate announcement also made today at SAPPHIRE ’07, SAP and Cisco announced that they have entered into a global market innovation agreement to jointly develop a new breed of SOA business solutions that integrate the context of operational business applications with the intelligence captured throughout the pervasive network. The first set of jointly developed network-aware solutions will include three new composite applications for GRC in the area of data privacy and protection, IT and network security, and service level assurance.

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