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IT Organizations Must Automate Compliance to Reduce Costs and Enhance Productivity Says MKS CFO

Waterloo, ON —June 16, 2005: MKS Inc. (TSX:MKX) offered a prescription for automating compliance and improving IT controls during a presentation at the COBIT®/Sarbanes-Oxley Solution Conference currently underway in Houston, Texas sponsored by the business management consultancy, Focus-On-Business.com.

Waterloo, ON —June 16, 2005: MKS Inc. (TSX:MKX) offered a prescription for automating compliance and improving IT controls during a presentation at the COBIT®/Sarbanes-Oxley Solution Conference currently underway in Houston, Texas sponsored by the business management consultancy, Focus-On-Business.com.

Speaking to senior management (CIOs and CFOs), directors of internal audit, auditors, IT managers, consultants and others tasked with achieving regulatory compliance with multiple information security requirements including the Sarbanes-Oxley Act of 2002 (SOX), MKS chief financial officer, Robert Dietrich, said, "From the SEC, auditors and issuers, the message regarding year one SOX compliance efforts is consistent – companies are better governed today than they were before the SOX 404 exercise started, but it was at a very high cost. IT organizations reflect both of these trends – SOX 404 year one activities tightened up IT governance, but at a high cost in terms of budget allocation and disruption to the IT agenda. IT organizations are now asking whether there is a better way to achieve compliance."

Dietrich's presentation, "Automating IT Controls for Year Two and Beyond Sarbanes-Oxley Compliance," discussed the steps IT organizations can take to reduce the manual effort expended last year while continuing to meet corporate compliance and governance mandates. "Most business problems can be tackled by the application of process and systemization within an established framework. This is no different. Working within the Control Objectives for Information and related Technology framework (COBIT®), companies can design, automate and implement solutions that not only ensure compliance, but also enhance the productivity of the organization," continued Dietrich.

The goal of the two-day conference is to help attendees utilize the knowledge of lessons learned, new technologies for compliance, and COBIT to minimize the risk of inaccurate and fraudulent reporting of financial data due to failures within the Information Technology (IT) function.

According to a recent 2005 survey conducted by CIO Insight, a Ziff Davis publication, only 56 percent of IT executives at companies where Sarbanes has affected the work of the IT organizations say their companies are fully in compliance. Many CIOs are still working on Section 404 and 409 compliance, and one in four have disclosed material weaknesses or significant deficiencies in their internal controls. 74 percent are investing in systems to meet Sarbanes requirements.

The two-day COBIT®/Sarbanes-Oxley Solution Conference is being held at the InterContinental Houston, 2222 West Loop South, in Houston, Texas June 16-17, 2005.

About MKS

MKS is the preeminent provider of enterprise technology management solutions for the global 1000. MKS’s solution spans the application lifecycle from requirements management, through application development, to server deployment providing customers with greater visibility over software development activities, enhanced development productivity and improved IT controls for regulatory compliance. MKS solutions are distinguished by their ease of implementation and low total cost of ownership. Founded in 1984, MKS serves more than 10,000 customers in countries across the world. Whether through deployment of MKS’s enterprise solutions strategically on an enterprise scale, or by leveraging individual components to solve project-level challenges, our customers can use MKS’s technology to better enable higher levels of process maturity, better manage global development activity and safeguard their most critical business applications and software assets. Under its widely known MKS Toolkit brand, MKS also provides UNIX-Windows co-existence and system administration that significantly cut development and administrative costs and reduce time to market, while enabling enhanced performance. More information about MKS can be found at http://www.mks.com, or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), +44-1483-733900 (United Kingdom) and 1-519-884-2251 (Rest of World).

Copyright © 2005 MKS Inc. MKS and MKS Toolkit are registered trademarks of MKS Inc. CIO Insight is a trademark of Ziff Davis Publishing Holdings Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

 

US and Canada Media Contact:
Email: pr@mks.com

 

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