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Oversight Systems, Inc.

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Oversight Appoints Jack Nichols as Chief Financial Officer: Nichols Will Draw on Extensive Experience Guiding Rapid Growth Companies to Financial and Operational Maturity

Atlanta, GA, December 11, 2008 --( Oversight Systems, the leading provider of automated transaction monitoring solutions, today announced that Jack Nichols has joined the company as chief financial officer.

Nichols brings to the job twenty years of broad financial and operations management experience in telecommunications, software and services, marketing support services, and retail. He has led successful initial and secondary public offerings and is experienced at raising venture capital for technology companies. Nichols has experience in managing finance, human resources and information management departments.

"Having successfully established a solid customer base among the Fortune 1000, Oversight is at an exciting stage of accelerated growth," Oversight Systems CEO Patrick Taylor said. "Jack’s experience and track record of achievement will ensure that the company’s financial operations will be successfully managed to optimize this growth."

In a previous leadership role, Nichols served as CFO for Datawire Communications Networks, Inc., as part of new senior management team that transformed the Company into a professionally managed, customer focused company that experienced tremendous growth and was ultimately acquired by First Data. Prior to that, Nichols served as CFO of NetSchools Corporation and as CFO of Innotrac.

Nichols gained additional experience occupying various senior level financial management positions at GTE and Contel Corporation in both landline and wireless operations. Nichols holds a Masters of Business Administration from Emory University and a B.A. in Economics from Vanderbilt University. Nichols is a CPA.

"Global leaders in their respective industries partner with Oversight to ensure the integrity and accuracy of their financial transactions," Nichols said. "I am very excited to be working with Oversight at this stage of their growth to ensure that we have the rigorous financial processes and operations to inspire the highest confidence of our clients and partners."

About Oversight Systems, Inc.
Oversight Systems uniquely delivers on the promise of continuous monitoring, with real-time transaction integrity inspection for identifying fraud, misuse and errors. Oversight’s software provides a platform for continuous monitoring with powerful analytics that excel at finding problems, then raises the bar with an investigator’s workbench for cost-effectively fixing the problem, and workflow-enabled audit trail and journaling for proving problem resolution and compliance. By inspecting each step of individual transactions across all financial systems, Oversight identifies all errors and fraud, drives defects out of the process, and sustains regulatory compliance. For more information, visit

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Oversight Systems, Inc.
Debby Robic

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