Compassoft Hires Distinguished Enterprise Software and Compliance Technologist Kenneth Yagen as VP of Engineering

Scotts Valley, CA – December 4, 2006 – Kenneth Yagen, an entrepreneur and distinguished technologist with multiple patents to his name and more than 11 years of experience in enterprise and compliance software, has been appointed Vice President of Engineering at Compassoft Corporation, the leading provider of financial software applications for the discovery, validation and control of End User Computing (EUC) applications such as spreadsheets, databases and reports, Compassoft announced today.

Yagen will oversee product development, quality assurance, and IT operations in Compassoft’s US and offshore offices. During the course of his career, he has co-authored three software patents for enterprise security policy and access control systems, delivered more than six major product releases, and developed technical expertise in security policy management, compliance, and enterprise identity and access management.

“Ken’s early career on Wall Street architecting trading and cash flow analysis systems, and his recent work developing compliance and governance software, make him the ideal candidate to oversee Compassoft’s financial and compliance risk management software products and help steer Compassoft’s R&D efforts,” said Paul Bach, CEO and president of Compassoft. “We are very pleased to have him onboard.”

Prior to Compassoft, Ken co-founded Selytix, a company specializing in automating compliant change control for enterprise access controls. Prior to Selytix, he was VP of Development at Polivec where he led a multi-shore team of engineers in building a compliance management system for implementing and monitoring policy compliance.

His engineering experience also includes management roles BEA Systems and CrossLogix (acquired by BEA Systems) and four years as a developer on Wall Street with the investment banks of J.P. Morgan and Donaldson, Lufkin & Jenrette. He has also been a key contributor in standardizing Web services security as a member of OASIS. Yagen is a graduate of the University of Virginia, where he earned a Bachelors degree in Systems Engineering.

“I am delighted to have the opportunity to be a part of Compassoft’s ground-breaking work in financial reporting and regulatory compliance applications,” said Yagen. “Compassoft’s unique agent-less discovery technology and cellular-level Excel spreadsheet auditing and control capabilities promote seamless integration with other vendor solutions deployed in enterprise environments, and are proving to be particularly attractive to market-leading ERP and content management companies looking to partner. That is always an additional bonus for an engineering team.”

About Compassoft Inc
Compassoft Inc is a provider of software applications for the discovery, validation and control of End User Computing (EUCs) applications such as spreadsheets, databases and reports. CompassoftÒ reduces non-compliance risk and increases reporting accuracy by identifying, retrieving and documenting both visible and obscure sources of business-critical information stored on servers, desktops and notebooks distributed across the organization. Compassoft Inc, based in Scotts Valley CA, has won numerous awards for its technology and holds several US and international patents on its technology. For more information, please visit www.compassoft.com .

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Julia Glenister, JAG Wire Group
Tel: (415) 459-3688; Cell: (415) 246-6075
compassoft@jagwiregroup.com