Toronto, Canada – August 1st, 2009 – BPS Inc., a leading provider of software solutions for enterprise governance, risk, compliance (GRC), and internal audit,  and TOTVS Financial Services, the leading provider of asset management systems and services in Latin America,  today announced an exclusive distribution agreement to provide the BPS Product Suite  to the Brazilian market. The partnership will significantly expand BPS’s footprint in the Americas and enable Brazilian financial institutions to acquire world-class technology to manage operational risk.

About BPS

BPS is an industry-leading provider of enterprise governance, risk and compliance (GRC) software, including internal audit, compliance, operational risk management, and enterprise risk management.   A best-in-breed, risk-based planning and execution tool, BPS Audit’sTM robust functionality helps internal auditors achieve their objective more efficiently.  With BPS Compliance™, a single repository of risks and controls can be used to support multiple regulations, reducing overlap and duplicative costs.  BPS Compliance™ also includes a full document and evidence management facility and our powerful Risk Management Library (RML) enabling users to incorporate all types of documents, policies and evidence to manage financial, information technology and operational controls.  BPS OpRisk™ enables risk managers to integrate loss data from a variety of sources to develop a comprehensive view of operational risk exposure.  For questions or more information about BPS, please contact us directly at 1-877-755-3716 or visit us at www.bpsinc.com.

About TOTVS

TOTVS is the absolute leader in Brazil and the 1st ERP company in the world located in emerging countries. With 38.03% of market share, it is a company of software, innovation, relationship and management support. The word TOTVS comes from Latin and means everyone, everything or totality. Meaning that TOTVS provides solutions for companies of all sizes and types, in four business segments: software, technology, consulting, and added-value services (infrastructure, BPO, education and Service Desk) and operates in 10 market segments. Therefore, TOTVS acts as an Administrative Operator, allowing customers to focus on their core businesses, while helping them throughout the entire management process. With 26 years of operations, TOTVS was the first company of the sector to go public in Latin America. Currently, the company is present in 23 countries, with 23.7 thousand active customers and employs 9,000 participants (5,000 direct employees and 4,000 employees of its franchisees). For more information about TOTVS, please visit us at www.totvs.com

About TOTVS Financial Services

Financial Services is one of the market segments that TOTVS has a strong presence as a consequence of two acquisitions: YMF in 2007 and TOOLS in 2008. The customer base is made of the most important local and international financial institutions operating in Brazil: 8 of top 10 custodians, 7 of the top 10 asset managers, the top 5 insurance companies, 6 of the top 12 pension funds and most of the biggest credit retail institutions.