Prevari

Press Releases / Media Coverage

Information Risk Management Firm Upstream Solutions Evolves into Prevari - Change Reflects Information Risk Management Need for Sarbanes Oxley Compliance

MINNEAPOLIS, MN – December 9, 2004 - Upstream Solutions, an information risk management firm, creator of the award winning Technology Risk Manager technology risk modeling solution and a 2004 Finance and Commerce Innovator of the Year recipient, is changing its name to Prevari.

The corporate name change is in response to increasing demand for the Technology Risk Manager technology risk modeling solution which has been designed to help Chief Risk Officers quantifiably measure levels of technology risk and illustrate compliance with Information Technology security and control regulations such as Sarbanes Oxley and HIPAA.

Section 404 of Sarbanes-Oxley specifically requires organizations to implement control techniques adequately designed to achieve control objectives, and, to demonstrate this governance over time. Technology Risk Manager helps organizations meet this requirement by measuring technology risk over time using a verifiable and repeatable process.

“We developed Technology Risk Manager to arm corporate management with a technology risk modeling solution that optimizes IT security investments while minimizing IT risk,” said KoniKaye Jeschke, Prevari CEO. “The quantifiable risk data, that the solution outputs, is helping CRO’s provide CFO’s with the information they need to prove Sarbanes Oxley compliance and reduce the cost of that compliance”.

Prevari is now reallocating resources to supporting full-time implementation and deployment of the Technology Risk Manager technology risk modeling solution. They will be enhancing the ‘what if’ feature of Technology Risk Manager, which illustrates how changes to an information technology infrastructure can increase or decrease technology risk factors.

The Technology Risk Manager technology risk modeling solution is the industry’s only quantitative solution which measures and models technology risk along the compliance and security dimensions of Confidentiality, Integrity, Availability and Audit. The solution defines clear business metrics that support a method to move risk management from a subjective to an objective management process.

Learn more about Prevari at www.Prevari.com or call 763-377-3241.

About Prevari
Prevari is dedicated to applying process and quality assurance principles to technology risk management, planning and implementation. KoniKaye Jeschke, president and ceo, was recently awarded the Finance-Commerce 2004 Innovator Of The Year award for development of Technology Risk Manager, a breakthrough approach to quantifiably modeling business technology risk.