CITGO Selects Virsa Compliance Solution; CITGO Will Deploy Virsa to Monitor, Test, and Enforce Application Controls.FREMONT, Calif. -- Virsa Systems Virsa Systems was a California based compliance software maker. It now forms the Governance, Risk Management, and Compliance (GRC) vertical of SAP Labs . Commercial Operations Acquisition by SAP AG On 3rd , Inc., a leader in real-time cross-enterprise software solutions for regulatory compliance, today announced that CITGO Petroleum Corporation has selected Virsa's compliance software solution. The Virsa solution will enable CITGO to efficiently monitor, test, and enforce its application controls in real time. Based in Houston, CITGO is a leading refiner re·fine v. re·fined, re·fin·ing, re·fines v.tr. 1. To reduce to a pure state; purify. 2. To remove by purifying. 3. and marketer of transportation fuels, lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. , petrochemicals, refined waxes, asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. and other industrial products. Many of the world's most trusted and recognizable brands have deployed Virsa's market-leading solutions to prevent risk, reduce cost, and gain better control of their business. CITGO joins Virsa's fast-growing list of customers from the oil and gas industry. "We are extremely proud that CITGO has selected Virsa," said Jasvir Gill, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Virsa Systems. "As we continue to rapidly expand our customer base, we remain committed to delivering innovative solutions that enable enterprises throughout the world to comply with regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. efficiently and effectively." About Virsa: Virsa Systems, Inc. is a leading provider of real-time compliance and controls software for organizations of all sizes. Purpose-built to maintain continuous compliance with stringent regulatory mandates such as Sarbanes-Oxley, Virsa's solutions automate risk assessment, eliminate false positives, and deliver real-time simulation and remediation capabilities. By offering the world's largest library of built-in, best practice rules, Virsa delivers accelerated implementation and faster remediation with the lowest cost of implementation. The acknowledged market leader, Virsa has the sector's largest installed base of enterprise customers and the preferred solutions for security, controls and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. . Virsa is a privately funded company with investments from Kleiner Perkins, LightSpeed and SAP Ventures. For more information, go to www.virsa.com. |
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