BVEW Bindview Development Corp (MM)

Committed to helping organizations efficiently manage IT security compliance, BindView Corp. (Nasdaq:BVEW) announced today that market research firm IDC has determined that deployment of BindView solutions to automate manual compliance tasks can shrink compliance costs by 50 -- 90 percent. Based on extensive research and interviews with corporate customers, IDC attributes the significant cost reductions to BindView's leading process automation capabilities for internal IT controls, a key element for defining, controlling and sustaining IT security compliance requirements. The IDC white paper titled "Using Security Compliance Software to Improve Business Efficiency and Reduce Costs," outlines specific security and compliance management methodologies for demonstrating due care in today's multi-regulatory environment. BindView solutions significantly reduce the number of man-hours required for supporting compliance requirements with the utilization of a solid IT control architecture, strong policies and software that manages, automates and reports on the status of enterprise compliance. "Maintaining compliance is a legal necessity for many enterprise organizations, but costs continue to mount, and compliance and security executives struggle with the onslaught of new regulations," said Chris Christiansen, IDC's Vice President for Security Products & Services. "In today's regulatory environment, organizations must automate processes for internal IT controls using strong policies and best practices. Our comprehensive research, including interviews with enterprise and mid-size organizations, found employing BindView solutions reduces the cost and complexity of compliance." "Global IT organizations face burgeoning costs in meeting the growing number of security compliance requirements," said BindView Senior Vice President of Worldwide Marketing Steve Kahan. "IDC clearly delineates the cost savings benefits of deploying BindView solutions, which are targeted at solving the most labor-intensive and complex IT controls-related compliance challenges that organizations must undertake. By mapping mandates to frameworks and best practices, BindView helps organizations simplify the due diligence audit process and dramatically cut costs." In the white paper, IDC cites BindView's methodology for logically structuring enterprise systems by applying a standard set of recognized policies to the regulations, creating a best-practices framework that may be implemented across the infrastructure. Using this methodology, organizations are able to define, control and sustain IT compliance requirements, with the best degree of cost containment. Highlights from the IDC White Paper According to IDC, a properly deployed packaged solution such as BindView's should significantly reduce the cost of compliance through the reduction of time spent on manual tasks, allowing employees to focus on more strategic IT projects. The report offers prescriptive guidance for meeting audit due care requirements: -- Documentation, monitoring and management of the compliance control architecture should be based on a recognized framework such as ISO 17799, COBIT or COSO. -- A documented, repeatable methodology should automate and integrate most manual processes. -- Compliance policies and controls should be implemented based on accepted standards, with configuration settings mapped to IT policies across the entire infrastructure. -- For demonstrating due care and sustaining compliance, the methodology should include automated procedures that continuously monitor and report on the compliance posture, accompanied by remediation recommendations. Overall, containing the costs associated with responding to regulatory requirements is becoming a critical component for enterprise IT organizations. By deploying an automated IT control architecture, organizations can significantly reduce the amount of time and energy spent on manually managing processes. Additional cost reductions can be realized with the use of packaged solutions, such as BindView's, instead of a homegrown or custom application. By deploying BindView solutions, organizations can automate manual tasks to complete IT compliance and dramatically reduce the total cost of compliance. To view the complete IDC white paper, please visit: http://www.bindview.com/Customers/CostEffCompl.cfm. About BindView BindView Corporation is a global provider of IT security compliance software. BindView solutions remove barriers that limit an organization's ability to cost effectively demonstrate due care and maintain compliance with IT security policies and regulatory mandates. BindView policy compliance; vulnerability and configuration management; and directory and access management software combine best-practices knowledge with automated controls to reduce risk and protect IT assets at the lowest cost across users, systems, applications and databases in multi-platform environments. More than 20 million licenses have shipped to 5,000 companies worldwide, spanning all major business segments and the public sector. Contact BindView via e-mail at info@bindview.com, on the web at http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439.