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May 13, 2013 - MEGA, known worldwide for its governance, risk and compliance solutions, has named Moscow-based MAG CONSULTING as a partner to serve customers in the Russian Federation.

"Large Russian-based organizations are under increasing pressure to adopt modern corporate governance practices," explained Lucio de Risi, CEO, MEGA. "Implementing advanced governance, risk, and compliance (GRC) technology solutions will help them meet these expanding requirements, safeguard their businesses from unnecessary risks, and contribute to improved business performance."

MAG CONSULTING is a highly specialized management consulting firm that provides strategy and operational efficiency expertise. It is one of just a few Russian strategy consulting companies offering services that include software application implementation. For 16 years, the company has worked with a host of Russian-based businesses.

"Our customers have operations or interests in Russia that can benefit from the proven GRC solutions from MEGA," noted Dmitri Korotkov, business development director at MAG CONSULTING. "With the extensive and established capabilities of the MEGA solutions, we can better help our clients adopt effective corporate governance procedures."

Korotkov said the interest in advanced GRC solutions is greatest from large public and private organizations in this area. MAG CONSULTING works most frequently with senior managers responsible for risk management and internal control programs. The company has a special focus on GRC programs as a means to achieve operational excellence.

"MAG CONSULTING's proven expertise and well-established operations will provide added value for MEGA's Russian-based customers," added de Risi. "Now, MEGA customers in Russia will be even closer to local, expert support through MAG CONSULTING."

MAG CONSULTING joins 15 other MEGA partners around the world, as well as MEGA offices in Boston, London, Paris, Milan, Berlin, Mexico City, Singapore, and Tokyo. For more than 20 years, companies worldwide have relied on MEGA's software solutions to help them improve business performance. Clients include Aetna, Banco Popolare di Verona e Novara, Choice Hotels, Express Scripts, Nissan, Procter & Gamble, Unicredit Group, Unipol, and Walgreens.

GRC 20/20 Research, founded by Michael Rasmussen, recognized MEGA with the 2013 GRC Technology Innovator Award. Rasmussen said that MEGA's integration of EA and GRC capabilities in one platform "enables an organization to manage a GRC program that delivers value, aligns with core business strategy and objectives, and drives operational performance and process execution."

MEGA was also named to Chartis Research's RiskTech 100, which profiles the world's most significant companies in risk technology.

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