DALLAS, October 21 /PRNewswire/ --

Texert, Inc., a leading provider of enterprise risk management (ERM)
solutions for global customers, announced that it has secured a three million
dollar Series A investment from New Venture Partners LLC that will be used
for product development, expanding sales and marketing efforts, and launching
the company's go-to-market strategy. In conjunction with this investment,
Daniel Deeney and Harry Berry, partners at New Venture Partners, will join
Texert's Board of Directors.

The regulatory climate is dictating an increase in ERM implementations
and rating agencies are putting pressure on firms to adopt best practices in
risk management solutions. It becomes increasingly difficult to implement
enterprise-wide solutions seamlessly within an existing environment. Current
enterprise organizations contain a conglomerate of risk management approaches
as a result of mergers, acquisitions, changing regulatory requirements, and
increasing operational risk. These impacts result in the need for a robust
ERM solution that can address complex global business environments.

As these market dynamics evolve beyond regulatory compliance to include a
broader range of risk assessments and enterprise intelligence, Governance
Risk and Compliance (GRC) products must meet these new market demands. Texert
understands the need for a differentiated product that brings application
intelligence, automation, and flexibility to the GRC market. Customers
spanning various industry verticals including financial services, energy, and
healthcare require next-generation product capabilities that enable a lower
cost of ownership, enterprise-wide transparency and seamless integration into
existing environments.

"Our J-Port(R) GRC product provides an enterprise view of customers'
business with a comprehensive, next-generation platform that leverages a
distributed model bringing dynamic risk management capabilities and decision
support across the entire organization. This integrated approach eliminates
the need for silo solutions and provides transparency for enabling improved
decision making, increased efficiency, and better business performance,"
stated T. Curtis Holmes, Jr., President and CEO of Texert, Inc.

Daniel Deeney, Partner at New Venture Partners stated, "The recent
financial market crisis sounded a deafening alarm that the aggregation of
risk exposure and management of quality controls is vital to the modern
enterprise. The next-generation of enterprise risk management is upon us and
Texert is well-positioned to leverage a differentiated product strategy to
capitalize on this dynamic market environment."

About New Venture Partners

New Venture Partners LLC, the global venture capital firm dedicated to
corporate technology spinouts, has over US$700 million under management. New
Venture Partners provides a bridge between technology corporations and
traditional venture capital. Through its unique, hands-on approach, the firm
offers a systematic process for commercializing innovations and provides an
alternative path to market for corporate technologies. The New Venture
Partners team has completed over 50 spinouts from the R&D labs and business
units of global technology corporations including Lucent/Bell Labs, British
Telecom, Philips Electronics, Agere, Boeing, Freescale, Intel, Telstra, and
others, and has become the benchmark for corporate spinout venturing.
http://www.nvpllc.com

About Texert, Inc.

Texert Inc. is a leading provider of enterprise risk management (ERM)
software solutions. Texert's J-Port(R) GRC is the next-generation Governance
Risk and Compliance solution that enables a comprehensive view across the
entire organization. Global customers spanning various industry verticals are
utilizing Texert's J-Port(R) GRC software to consolidate risk assessments,
governance and internal controls into a synchronized platform.

For more information please visit our website, http://www.texertinc.com.

Web site: http://www.texertinc.com
              http://www.nvpllc.com