Paisley Consulting Reports Strong Quarterly Results with Increasing GRC Market Momentum and Key Customer Wins
Company Continues to Gain Recognition as a Leader and Pioneer in the GRC Industry

Cokato, Minn. – Oct. 25, 2006 – Paisley Consulting, a leading provider of governance, risk and compliance (GRC) and audit software solutions, today announced strong revenue growth and continued profitability for the third quarter of 2006.

During the third quarter, Paisley Consulting continued to gain momentum in the GRC software market. The company reported year-to-date revenue growth of over 45 percent, which was largely fueled by strong sales of Risk Navigator and The Paisley Solution, the industry’s only integrated platform for compliance, risk management and audit automation. Paisley Consulting also continued to win customers and increase its market share leadership. Time Warner, A. Schulman and Quintiles Transnational were some of the new customers to join the company’s prestigious customer roster.

In addition, Paisley Consulting reinforced its reputation for product leadership in the mid-market with new releases of its popular FOCUS and AutoAudit software. The company was also first-to-market with its Fast Track 45 day implementation guarantee, a program that is rapidly gaining recognition for its novel approach to ensuring successful GRC implementations.

“Paisley Consulting continues to be recognized throughout the industry for offering innovative software solutions and excellent service delivery,” said Tim Welu, CEO of Paisley Consulting. “This reputation has allowed us to continuously build on our momentum and achieve strong financial results quarter after quarter. We are proud of our success so far this year and look forward to finishing 2006 in an extremely strong position.”

In addition to reporting solid financial performance, the company was recognized as one of the fastest growing privately held firms in the U.S. Named to the prestigious Inc. 500 list for the third time, Paisley Consulting was one of only 22 software companies included on this year’s list.

About Paisley Consulting
Paisley Consulting, the industry-leading software vendor used by more than 1,250 organizations, including 35 percent of the Fortune 100 companies, provides software for governance, risk management and compliance (GRC) including financial control process management and audit automation solutions. Since 1995, Paisley has delivered comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations, allowing users to ensure that evaluations of risks are completed quickly, consistently and accurately.

Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized, automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting’s solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions. Either way, our best-of-value solutions can help you reduce costs and target opportunities for continuous improvement. For more information visit www.paisleyconsulting.com.

Contacts
Stacey Billy
Paisley Consulting
763-450-4821
stacey.billy@paisleyconsulting.com