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Wilmington Trust Selects Compliance 360 as Compliance Solution
ATLANTA, GA, September 13, 2006 - Compliance 360, a provider of governance, risk, and compliance management software, announced that it has been selected by Wilmington Trust as its enterprise-wide compliance platform. Wilmington Trust, a provider of wealth advisory services, specialized corporate services, and banking services, will adopt Compliance 360’s comprehensive compliance solutions across all business units and product lines.
Compliance 360 was chosen for key market differentiations, such as regulatory intelligence, integration with LexisNexis, and its offering of a single solution that can be used in conjunction with all compliance activities. Regulatory intelligence is powered by LexisNexis, which gives Compliance 360’s clients current access to newly proposed and newly enacted laws. It also allows management to more easily assess whether and how legal developments might affect the enterprise. Compliance 360 announced the alliance with LexisNexis U.S., a leading provider of information and services solutions, in February this year.
"While we have a number of financial services customers, the addition of Wilmington Trust validates our strategy and investment in the banking governance, risk, and compliance (GRC) market," stated Steve McGraw, president and chief executive officer, Compliance 360, Inc. "With laws such as the Gramm-Leach-Bliley Act, the Consumer Credit Protection Act, and the USA PATRIOT Act, regulatory and operational compliance is a significant management challenge. Our solution is uniquely positioned to help manage this complex environment."
About Wilmington Trust
Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides wealth management and specialized corporate services to clients throughout the United States and in 85 other countries, and commercial banking services throughout the Delaware Valley region. It’s wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in California, Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, and Frankfurt. For more information, please visit www.wilmingtontrust.com.
About Compliance 360
Compliance 360 helps companies in regulated industries address the most important facets of a comprehensive governance, risk and compliance management program—reducing risks, reducing costs, improving efficiencies and protecting a company’s brand. The Compliance 360 on-demand software suite includes products that address IT governance, policies and procedures management, incident management, surveys, Sarbanes Oxley compliance and enterprise risk management. Compliance 360 has headquarters in Atlanta, GA and serves over 300 customers in financial services, insurance, and other highly regulated complex business environments. For more information, visit Compliance 360 at www.compliance360.com.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.
Editor’s Note: Compliance 360 is a registered trademark of Compliance 360, Inc. All other trademarks are recognized as proprietary to their owners.
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