Brady Corporation Selects The Paisley Solution for Operational Risk Management

Paisley Consulting to Provide Universal Platform for Risk Management, Compliance and Audit

Cokato, MN – October 20, 2005 – Paisley Consulting, a leading provider of business accountability software, today announced that Brady Corporation NYSE: BRC), a world leader in identification solutions, chose The Paisley Solution to manage internal controls, streamline continuous regulatory adherence to Sarbanes-Oxley and enhance its long-term risk management strategy. The solution provides modules for capturing Sarbanes-Oxley compliance, operational risk management data as well as monitoring and documenting general compliance activities.

"As a diversified company and operations in 22 countries, we needed an application that would easily increase our efficiencies and make related information easier to manage," said Gina Zeilinger Sarbanes-Oxley Program Manager of Brady Corporation. "The Paisley Solution provides great information integrity because audit, risk and compliance utilize and share the same library of consistent definitions, thereby ensuring consistent evaluations."

The Paisley Solution is the industry’s only comprehensive, integrated platform for Sarbanes-Oxley compliance, operational risk management, internal audit and general compliance. By eliminating the information silos that prevent organizations from truly understanding their operational risks, the Paisley Solution is unmatched in its ability to give executive management confidence in making decisions about the risks that impact their business. It empowers businesses to more effectively reconcile these risks, and ensures risk evaluations are completed quickly, consistently and accurately.

Integrating two of the company’s industry-leading software products, AutoAudit and Risk Navigator, the Paisley Solution is the first available software platform to facilitate standardized, automated and collaborative processes between risk management, compliance, internal audit and business units. The Paisley Solution leverages best practices learned from hundreds of successful implementations, a single technology platform, and a central repository of control and risk data. The result is greater efficiency, improved collaboration, and reduced time and resource costs associated with risk management and compliance processes.

"Large companies like Brady Corporation are seeking long-term solutions that integrate across multiple enterprise platforms and provide a platform for compliance, audit, and risk management," said Tim Welu, CEO of Paisley Consulting. "Brady Corporation’s selection of Paisley Consulting and The Paisley Solution demonstrates their understanding of the value that our integrated compliance framework provides."

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