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Atlanta, GA. – March 4, 2009 – Compliance 360, a leading provider of Software-as-a-Service (SaaS) solutions for enterprise governance, risk and compliance (eGRC) today announced that Trustmark Corporation (NASDAQ:TRMK) has selected Compliance 360 to standardize the management of vendor contracts.   

Trustmark Corporation, with $9 billion in assets, is a diversified financial services company providing banking, wealth management and risk management solutions through over 150 offices and 2,600 associates in Florida, Mississippi, Tennessee and Texas. For more than 100 years, Trustmark has offered premier financial services to the markets it serves.

As Trustmark has grown to provide a broad range of services in 4 states, so has the number of vendors who provide valuable services supporting its business lines.   Trustmark identified the need to establish a common process for managing vendor contracts throughout the negotiation, execution, and renewal processes.  “The volume and complexity of today's vendor contracts require us to establish a central archiving and work-flow monitoring system that enables our managers to control and monitor contract life cycles, and provide transparent auditing capability,” said Jonathan Rogers, Divisional Chief Financial Officer, Trustmark National Bank.

As financial services organizations seek to streamline operations and reduce operating costs, they are increasingly turning to 3rd-party vendors for outsourced services.  While this strategy can have a favorable financial impact, it can also increase the burden of contract management.

“We’re delighted that another prominent organization such as Trustmark has selected our solution to help manage their risks and protect their brand,” said Steve McGraw, president and CEO of Compliance 360.  “We look forward to a very successful partnership as Trustmark rolls out the system to address their vendor management and other oversight requirements.”

About Trustmark
Trustmark is a financial services company providing banking and financial solutions through over 150 offices and 2,600 associates in Florida, Mississippi, Tennessee and Texas.