Calgary, Alberta and Cupertino, CA- January 12, 2007- Securac Holdings Inc. (Securac) and Certus Software Inc. (Certus), both industry-leading providers of governance, risk and compliance software and services, today announced the merger of the two companies. The new company will have combined operations and will continue to leverage the strengths of both the Securac and Certus brands and products in their respective markets. The new company has a significant global presence, and an impressive customer base. The combined product platform advances a proven risk management solution that incorporates best practice industry standards.

"The close of this merger brings together two strategically complementary business models to accelerate product development, to deliver additional value to our customers and to meet the needs of the growing governance, risk and compliance market," said Terry Allen, Co-founder and CEO of Securac. Together, Securac and Certus deliver a broader mix of governance, risk and compliance solutions via an integrated platform that will simplify and unify practices across the enterprise. Allen added, "The combined and diverse strengths of both companies positions us to deliver tangible business value for our customers beyond regulatory compliance, into areas such as business performance and operational risk management."

"This merger results in a powerful combined value proposition for the governance, risk and compliance market," said Certus CEO, Bryan Plug. "We believe the two product lines integrate perfectly and enable us to deliver a single system-of-record for our customers. Both companies have earned a reputation for integrity and performance, and we are pleased to be integrating our strategies to deliver additional value to our customers, and grow the business together."