Methodware Newsletter

April 2008

Welcome to our first newsletter for 2008. In this edition we will take a closer look at two major upgrades that are underway, as well as introducing some of the latest additions to the Methodware team.

A Message from our CEO
Our recent customer survey suggested we are not communicating enough with you, our customers. We have taken this message on board and the introduction of a quarterly newsletter is just one of a number of initiatives we are introducing to ensure that you are kept fully informed of what is happening at Methodware.

The last year was perhaps the most important year to date for Methodware. In 2007 we achieved significant growth – our sales increased by 29%, our headcount increased by 28% and our EBIT increased by an impressive 140% from 2006. You are also probably aware that we were acquired by Jade Software Corporation during the year.

The acquisition by Jade has had a direct positive impact on our customers. This enabled us to expand our headcount quickly, particularly into the key markets of North America and Europe. It also gives us a large pool of talented software developers and testers to draw on for our ongoing product development programs.

Enterprise Risk Assessor v7 is due for release within the next few months and progress with v8 is already advanced. I encourage you to contact your Account Manager with any suggestions you may have for v8. I cannot guarantee that your suggestion will be taken on board, but I can guarantee that it will be taken seriously.

Chris Moxon
CEO

Upcoming software upgrades
We will be releasing two major upgrades within the next few months, Enterprise Risk Assessor v7 and Planning Advisor v5.

ERA v7
Enterprise Risk Assessor v7 is on track to be released midyear. The functionality is fundamentally coded and the development team members are now well into the testing stage. Documentation is also underway.

Closer to the release date we will be running a number of Webinars to take you through the new functionality in ERA V7. We will also be offering an onsite implementation service for clients who require assistance with their upgrade. We will update you about these closer to the release date.

Keep an eye on our Client Center; we will post important release information on the centre as it is made available. Available on the centre now is a high-level overview of some of the key features in the upgrade and also an opportunity to sign up to trial four new pieces of functionality in ERA.

Planning Advisor v5
As with ERA, Planning Advisor v5 is on track to be released midyear. The major programming and product development activities have been completed and we are currently in the testing and beta release stages.

Methodware opens Australian office
The Australian office was opened in September 2007 and is headed by Jon Piercey. Jon brings over 20 years of software sales and marketing experience to Methodware, and for the last four years he performed senior business development roles in the GRC software market place. Prior to joining Methodware Jon was with Cura Risk Management Software.

Methodware has a large customer base in Australia, which includes some major organisations. Having a local office enables us to provide more focused management of some of our more complex implementations. Our attendance at local events such as the Institute of Internal Auditors’ SOPAC conference and the Risk Management Institute of Australia’s annual conference have been endorsed positively by the customer base who see this as commitment by Methodware to the region.

These events, along with other sales and marketing activities, will also help us secure new customers. Australia has a strong, but highly competitive Enterprise Risk Management market place. Having a local presence is a necessity to be positioned to identify and ultimately win the major opportunities in the country. We are seeing positive evidence of this as the sales pipeline continues to grow.

Jon can be contacted by calling (02) 9657 1015 or emailing jon.piercey@methodware.com.

Key Appointment
We welcome Aubrey Vaughan to Methodware’s North American team, which he joins as Vice President of Public Sector.

Aubrey, who is based in Washington D.C., has been in the software business for over 10yrs. He spent over three years at Oracle in the applications space, where he was responsible for growing the public Sector practice. From Oracle he was appointed Director at LogicalApps, a partner to Oracle in the GRC Space. Aubrey grew the business from $50,000 to $4 million in revenue in less than four years. In October 2007 LogicalApps was sold to Oracle for a little under $100 million.

At Methodware Aubrey will focus on increasing US awareness of Methodware technology, particularly in Federal Government.

Aubrey can be contacted by calling (703) 582 0885 or emailing aubrey.vaughan@methodware.com.

Upcoming Events
Methodware staff and partners are being kept busy over the next few months attending conferences, forums and webinars. Below are a list of events that Methodware is either exhibiting at or hosting in April and May. If you are attending any of the conferences below please take time to introduce yourself to the Methodware representative.

16 - 18 April	ABA Operational Risk Management Forum	Newport Beach, CA
27 April-1 May	Conference - RIMS Speed of Light	San Diego, CA
29 - 30 April	Conference - CACS NA Audit, Control & Security	Las Vegas, NV
15 May 1.00pm EST	Webinar - Using software as a solution for Risk Management & NERC Compliance. Click here to register.

Recent Press Release
9 April 2008. Malaysia Airlines licences Methodware’s ERA.
Methodware and its Kuala Lumpur based distribution partner, Advent CGS, are pleased to announce that Malaysia Airlines has purchased Methodware’s Enterprise Risk Assessor (ERA) for their Risk Management program.

Click here for the press release.