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Vanadium the IT Compliance Solution of Choice for DIMENZIÓ

DIMENZIÓ to implement the VANADIUM solution in order to comply with the strict COBIT regulations demanded from insurance and financial companies worldwide.

Petah Tikva, Israel – 27 August, 2009 - DIMENZIÓ, a leading Hungarian insurance company, takes a significant step in the financial regulation area and implements the unique Vanadium platform to cover all aspects of its IT regulation and compliance.

The Vanadium platform will enable DIMENZIÓ to continuously monitor and manage its entire IT compliance cycle. This will result in significantly higher levels of security and compliance of its networks, whilst simultaneously freeing up company resources.

A search by DIMENZIÓ for the best software solution to maintain its high standards of regulatory and corporate compliance, concluded with the decision to implement the Vanadium platform. As the Vanadium platform offers multiple out-of-the-box and ready to use regulatory compliance templates, including SOX COBIT 4.1, ISO 27001, and PCI, companies can achieve a high level of IT compliance on an ongoing basis. (All insurance and financial companies in Hungary are subject to strict PSZAF regulations, which are based on COBIT 4.1 regulations).

The project is expected to be concluded within 6 months and will include 200 IP addresses.

Lajos Kovacs, CIO of DIMENZIÓ: "We need to comply with strict IT regulatory requirements on a regular basis and that consumes most of our IT resources. The Vanadium automated platform offers us a unique solution that is going to save us our most important resource - the time of our IT professionals; whilst easily adjusting and taking into consideration our unique business environment".

Shay Smooha, VP Sales & Marketing of VANADIUM: "We are very pleased to be the preferred choice for leading companies such as DIMENZIÓ. I have full confidence that the Vanadium platform is the best solution in the market today to facilitate information system and IT compliance readiness. In the current challenging economic situation, I see great importance and benefit in our solution, as it enables companies to focus on affordability and ROI".