SteelCloud Develops Security Solution to Address Sarbanes-Oxley

Oct. 19, 2004
Contract landed from large financial institution

SteelCloud Inc. (Nasdaq: SCLD) a leading supplier of network security products and professional consulting services today announced that it has received an order for security software and consulting services from one of the nation's largest financial institutions. The licensed software will allow the bank to comply with regulations specified in the Sarbanes-Oxley Act of 2002. This order represents the first delivery of software developed by the Company's Florida operation (formerly Asgard), which was acquired by SteelCloud earlier this year.

"It is exciting for SteelCloud to be involved in the security aspects of one of the most far-reaching pieces of corporate regulation in recent history," said Brian Hajost, SteelCloud's Chief Operating Officer. "Our technical expertise, teamed with an understanding of Sarbanes-Oxley, has put us in a position to address some of the Act's stickier issues. Network security in public companies is crucial and mandated by Sarbanes-Oxley's audit requirements. Our product and security expertise make us an excellent choice to help any organization comply with governmental regulations such as Sarbanes-Oxley or Graham-Leach Bliley."

The SteelCloud solution will aggregate and report on individual security profiles across active directory services, legacy Windows NT implementations, and local security profile databases. Development of the software will be completed this month with installation planned for completion in November.