Texert Announces US$3 Million Series A Investment From New Venture Partners

DALLAS. Texert, Inc., a leading provider of enterprise risk management (ERM) solutions for global customers, announced that it has secured a three million dollar Series A investment from New Venture Partners LLC that will be used for product development, expanding sales and marketing efforts, and launching the company’s go-to-market strategy. In conjunction with this investment, Daniel Deeney and Harry Berry, partners at New Venture Partners, will join Texert’s Board of Directors.

The regulatory climate is dictating an increase in ERM implementations and rating agencies are putting pressure on firms to adopt best practices in risk management solutions. It becomes increasingly difficult to implement enterprise-wide solutions seamlessly within an existing environment. Current enterprise organizations contain a conglomerate of risk management approaches as a result of mergers, acquisitions, changing regulatory requirements, and increasing operational risk. These impacts result in the need for a robust ERM solution that can address complex global business environments.

As these market dynamics evolve beyond regulatory compliance to include a broader range of risk assessments and enterprise intelligence, Governance Risk and Compliance (GRC) products must meet these new market demands. Texert understands the need for a differentiated product that brings application intelligence, automation, and flexibility to the GRC market. Customers spanning various industry verticals including financial services, energy, and healthcare require next-generation product capabilities that enable a lower cost of ownership, enterprise-wide transparency and seamless integration into existing environments.

“Our J-Port GRC product provides an enterprise view of customers’ business with a comprehensive, next-generation platform that leverages a distributed model bringing dynamic risk management capabilities and decision support across the entire organization. This integrated approach eliminates the need for silo solutions and provides transparency for enabling improved decision making, increased efficiency, and better business performance,” stated T. Curtis Holmes, Jr., President and CEO of Texert, Inc.

Daniel Deeney, Partner at New Venture Partners stated, “The recent financial market crisis sounded a deafening alarm that the aggregation of risk exposure and management of quality controls is vital to the modern enterprise. The next-generation of enterprise risk management is upon us and Texert is well-positioned to leverage a differentiated product strategy to capitalize on this dynamic market environment.”

About New Venture Partners

New Venture Partners LLC, the global venture capital firm dedicated to corporate technology spinouts, has over US$700 million under management. New Venture Partners provides a bridge between technology corporations and traditional venture capital. Through its unique, hands-on approach, the firm offers a systematic process for commercializing innovations and provides an alternative path to market for corporate technologies. The New Venture Partners team has completed over 50 spinouts from the R&D labs and business units of global technology corporations including Lucent/Bell Labs, British Telecom, Philips Electronics, Agere, Boeing, Freescale, Intel, Telstra, and others, and has become the benchmark for corporate spinout venturing. www.nvpllc.com

About Texert, Inc.

Texert Inc. is a leading provider of enterprise risk management (ERM) software solutions. Texert’s J-Port GRC is the next-generation Governance Risk and Compliance solution that enables a comprehensive view across the entire organization. Global customers spanning various industry verticals are utilizing Texert’s J-Port GRC software to consolidate risk assessments, governance and internal controls into a synchronized platform.

For more information please visit our website, www.texertinc.com.