The office is located on the global headquarters campus of SAP AG, the world's leading provider of business software solutions.

The opening of the Walldorf office follows an announcement in March that SAP is reselling Virsa's flagship product, Compliance Calibrator, to complement and enhance its compliance offering. Now available exclusively from SAP under the co-brand SAP Compliance Calibrator by Virsa, the solution enables companies to monitor and enforce access and user authorization controls in their SAP ERP systems in real time. The new Walldorf office will enable Virsa and SAP to work even more closely on the joint development of Virsa compliance solutions for mySAP ERP solutions and the SAP NetWeaver platform.

"Our new office in Walldorf is further indication of the investment we are making on a global basis in our partnership with SAP and our joint customers," said Jasvir Gill, founder and CEO of Virsa. "In addition to supporting joint development with SAP, the office will provide additional support resources for our customers in the region."

Virsa has seen a dramatic uptake in new business opportunities throughout Europe, as European corporations are seeking proven, scalable compliance solutions. European companies with U.S.-traded equities are subject to stringent U.S. regulations, such as the Sarbanes-Oxley Act, and new regulatory mandates are pending throughout Europe, as well. Today, such well-known European companies as Cadbury Schweppes, PFA Pension, Tate & Lyle, Unilever United, and Xerox Europe are leveraging Virsa solutions to comply with regulatory requirements, reduce compliance costs, and gain better business control.

"Virsa and SAP enjoy a very close working relationship in EMEA," said Jan Nordhagen, Vice President & General Manager EMEA at Virsa. "We are extremely proud to have received the SAP Pinnacle Award this year at SAPPHIRE '05 in Copenhagen, and we look forward to continually raising the bar and delivering the richest compliance solutions to the global market with SAP."