WILMINGTON, Del., June 9, 2008 -- Business Intelligence International (BII), developers of the on-demand Aline™ Governance, Risk and Compliance plus Performance (GRC+P) platform, announced that Liberty Media Corporation (Nasdaq: LINTA/B, LMDIA/B and LCAPA/B), who owns interests in a broad range of electronic retailing, media, communications and entertainment businesses including QVC, has selected the Aline™ platform to automate the company’s Sarbanes-Oxley compliance program.
Aline™ is a user-friendly Software as a Service (SaaS) solution for Sarbanes-Oxley Sections 404 and 302, allowing companies to automate and streamline the SOX process while reducing their total cost of compliance. The product enables users to document and assess the design of controls, track the testing of their effectiveness and easily locate and remedy any deficiencies.
“We evaluated several alternative technology solutions to support our Sarbanes-Oxley compliance efforts. We selected the Aline platform due to its management reporting capabilities, efficient implementation methodology, scalability and intuitive interface for end-users. Because our company acquires new subsidiaries from time to time, it was important that our solution be portable to new processes, controls and users in a timely fashion and with limited operational disruptions,” said Chris Olsen, Director of Internal Audit for Liberty Media Corporation.
“We are excited about our selection of the Aline platform and working with BII. The platform has different looks, which appeal to a wide cross section of our end-users. Additionally, working with BII has been a positive experience as they have been receptive to our suggestions related to future improvements for Aline,” said Ram Vijayanathan, Vice President of Internal Audit for QVC, Inc.
“We are pleased to be working with Liberty Media and QVC. Since they have a broad set of companies under their umbrella, Aline™ will be able to provide real time compliance visibility across all of the entities and help to share best practices across the enterprise,” said Bill Tomassini, SVP of Sales for BI International. In addition, Aline’s built in risk management and optimization tools will provide further benefits and establish a foundation for other compliance initiatives.
Aline™ provides companies with a single repository of all SOX and compliance related data, as well as integrated on-line project management reporting and powerful analytics and is the only on-demand solution proven to reduce the cost and time of compliance by up to 50% and transform compliance into sustainable business improvement.
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About Liberty Media Corporation
Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment Group, which includes Liberty's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
About Business Intelligence International (BII)
Business Intelligence International (BII) is global software and consulting company that develops web-based business-intelligence solutions to provide GRC + P functionality to companies of all sizes. Since 1996, BII has provided robust, flexible and secure solutions to enable customers worldwide to cost-effectively manage their compliance, risk and performance initiatives. BII offers a suite of affordable yet powerful and easy-to-use tools that provide a single repository of data along with integrated analytics and standard reporting. Visit www.aline4value.com for more information.
Note: This press release may include forward-looking statements that are subject to risks and uncertainties. A number of factors, including political, currency, regulatory and competitive and technological developments, could result in material differences between actual results and those outlined in any forward-looking statements.