Virsa Systems Opens Offices in Europe and India to Meet Growing International Demand.

FREMONT, Calif. -- Market Leader in Internal Controls Solutions Answers Needs of Companies Worldwide for Continuous Compliance with Sarbanes-Oxley and Other Regulatory Requirements

Virsa Systems, the leader in real-time security and controls software for Enterprise Resource Planning (ERP) systems, today announced that it has opened offices in Europe and India. The EMEA headquarters will be based in Bracknell, England, and the India office is located in Chandigarh. The expansion of these offices is in response to growing demand from multi-national companies who have securities traded in the U.S. and are subject to Sarbanes-Oxley regulation as well as companies getting a jump on best practices as governance regulations loom worldwide.

"Virsa Systems is booming in Europe with top tier clients such as ASML (Nasdaq:ASML), BP (NYSE:BP), Gallaher Group (NYSE:GLH) and Syngenta Corp Protection Inc. (NYSE:SYT), and a strong relationship with SAP who leads the ERP market in Europe," said Jan Nordhagen, Vice President and General Manager, European Operations. "We are scaling the sales and support team to match our strong pipeline, and will leverage third party channels to help with our expansion throughout EMEA."

"This is a very exciting time for us as a company," said Jasvir Gill, CEO and Co-Founder of Virsa Systems. "The worldwide demand for our solutions, our growing relationships with our partners and the level of continued involvement with our current customers is driving amazing growth and fueling accelerated product development."

Currently the market leader in security and controls software for SAP systems, Virsa will be launching versions for Oracle and PeopleSoft in early 2005. "Virsa built its reputation as the only provider of real-time, continuous compliance software for SAP," said Mark L. Feldman, Ph.D., Senior Vice President, Marketing and Business Development. "With the launch of the Oracle and PeopleSoft versions, Virsa will be the first provider of cross platform security and controls for customers with hybrid environments."

"Virsa Systems was established in 1996, long before the Sarbanes-Oxley Act was introduced," continued Jasvir Gill. "While our solutions are effective in addressing many of the corporate compliance issues companies face when using ERP systems, the solution was originally built to enforce strong corporate business controls and to reduce the risk of internal fraud. Enterprises worldwide are excited about finding a single solution to help them reduce risk while addressing the evolution of government regulation."

Virsa Systems is headquartered in Fremont, Calif., and currently has satellite offices in Texas, Illinois, Florida, New York and Canada.

The contact information for the new offices is below:

EMEA Headquarters:                  India Office:
Venture House                       SCO 362-63
Arlington Square, Downshire Way     Sector 34 A
Bracknell, Berks. RG12 1WA          Chandigarh 160034
England                             India
Tel: [phone]               Tel: [phone]

About Virsa Systems, Inc.

Virsa Systems, Inc. is the developer of the only real-time, 24/7, security and controls compliance software for SAP systems. 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. 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. Virsa is a privately funded company with investments from Kleiner Perkins, Lightspeed and SAP Ventures. For more information, go to www.virsasystems.com.

Virsa Systems, the Virsa Systems logo, Confident Compliance, Continuous Compliance, Access Enforcer, Role Expert, Compliance Calibrator and Firefighter are either registered trademarks or trademarks of Virsa Systems. Other company and product names may be trademarks of their respective owners.