alfabet Introduces “Cut Risk and Save” Service That Demonstrates to Corporate IT Management Within Eight Weeks How to Improve Risk Posture

Best Practice Methodology Helps Determine Which Projects, Applications Are Risk Relevant, the Risks They Pose, How They Can be Mitigated

CAMBRIDGE, Mass. — August 18, 2009 — In just eight weeks, companies can now identify corporate risk related to IT with alfabet Inc.’s new Cut Risk and Save service package available for a set price. alfabet, the leading software provider in strategic IT planning and management, today announced the service, which clearly demonstrates to management within eight weeks how to improve their corporate risk posture as it relates to IT.

alfabet’s Cut Risk and Save service gives chief information security officers, IT compliance managers and IT risk managers a best-practice methodology that improves risk posture by identifying the following:

• Which projects and applications are risk-relevant?
• What risks do these projects and applications actually pose?
• How can risks be effectively mitigated?
• Which mitigations have not been implemented?

alfabet guarantees results within eight (8) weeks for a set price through the combination of three important criteria.

Methodology

alfabet uses its highly successful methodology, which is proven among the company’s 25,000 strong international user community from all major industry sectors. This methodology is used to gather the relevant information that is necessary for an effective IT risk analysis. alfabet’s methodology is based on the best-practice approach to evaluate the risks and generate an IT related risk portfolio.

Competence

alfabet focuses solely on the area of Business IT management that involves processes to ensure effective alignment of IT with the business goals. alfabet’s team of highly skilled experts guarantee a quick, goal and business oriented capture of the status quo of IT in a clear and coherent manner.

Software Support

alfabet uses its proven technology platform, planningIT®, for all Cut Risk and Save projects to capture the assets to be evaluated, understand the structure and relationships of the assets and employ collaboration technology. This not only ensures timely survey participation but automatically translates survey results into risk-relevancy values, creates reports to easily understand and communicate the risk portfolio, and shows when, where and how to start mitigation.

Cut Risk and Save

guarantees fast results that will reduce the chance of risk event loss and provide a basis for a cost-effective and sustainable risk management program. In this way customers have the opportunity to determine first hand the benefits of planningIT as a process-oriented IT risk management solution without having to invest in the software beforehand. Customers who want planningIT’s benefits on a continuous basis after the eight-week project has been delivered, will have the groundwork already laid and can therefore enjoy much lower implementation costs.

“As IT tries to keep pace with an accelerated business environment, IT managers have to find that delicate balance between performance and risk,” said alfabet’s Guy Schroen, VP of U.S. Sales, alfabet. “They need greater insight into their organization’s risk exposure to be able to understand which IT systems carry risk, the implications of the risks and what kind of mitigation measures are needed. Based on our experience, methodology and our technology platform, we can help companies discover hidden dangers and ensure quick and meaningful wins. No other consulting service can offer this value.”

Cut Risk and Save

services are a follow-up to the recently introduced Control IT and $ave services for IT finance, which shows enterprises where they can cut costs and what the impact will be to their businesses.

Cut Risk and Save

services are available immediately beginning at $75,000.

About alfabet (www.alfabet.com)

enables companies to see, analyze, control and align IT initiatives with business priorities continuously. Its planningIT® software is unique in tightly coupling business priorities and IT returns with current and future initiatives. Competitive point solutions offer modeling or repository functions with a static view of priorities, architecture and infrastructure. alfabet provides a holistic, integrated and collaborative approach that offers continuous transparency into how IT and business information, processes and roles are changing and need to be managed over time.

The company serves a global user community of 25,000 IT professionals in over 40 countries in a variety of industries, including automotive, financial services, telecommunications, logistics, high-tech and others. Its customers include international corporations such as Credit Suisse, Munich Reinsurance, BMW, AXA Winterthur, Deutsche Bahn, OCBC and T-Systems. Founded in 1997, alfabet is based in Berlin with U.S. headquarters in Cambridge, Mass.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

For further information please contact:
Elyse Familant
GCC, Inc.
978-725-3637
ElyseF@gccpr.com

Anna Cleary
alfabet Inc.
One Broadway Cambridge Innovation Center 14th Floor
Cambridge MA 02142
617-401 2320

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