News Facts
OpenPages, the leading provider of integrated risk management solutions for global companies, today announced that it has closed a profitable year, one fueled by strategic customer and partner growth, third party validation and global expansion.
With heightened focus on the efficiency of risk management and compliance programs, OpenPages helped companies reduce cost, better manage risk and improve decision making through their GRC initiatives. As such, the company earned its most profitable year yet. Further, the company improved its position in the enterprise GRC market, with close to 100% of its business supporting multiple GRC initiatives, and the company expects its growth to accelerate in 2010.
Customer wins across various industries drove the company’s growth around the globe and further marked OpenPages as an industry leader in 2009. Significant new customers for the fourth quarter of 2009 included several of the world’s leading banks in South Africa and Japan (see below) as well as:
OpenPages made strong inroads into several key regions across the globe in 2009:
OpenPages hosted several customer events in different global regions to serve as educational sessions for risk management practitioners. These included: OpenPages European Network Summit (OPEN) 2009, the third-annual Executive ERM Forum and OpenPages African Network (OPAN) Summit 2009, an event in Johannesburg that brought together members of OpenPages’ African network, including some of the region’s top banking industry leaders.
In 2009, OpenPages conducted two separate independent customer surveys. Key learnings about the GRC market emerged:
On the social media front, OpenPages relaunched its blog in 2009, which features regular posts from executives on timely industry news and issues, as well as guest columns from GRC pundits such as Rick Steinberg, John Wheeler and others. OpenPages is also actively participating on Twitter via @openpages and LinkedIn via the OpenForum LinkedIn User Group.
From a partnering perspective, OpenPages greatly strengthened its business and technology partner network in 2009, announcing new partnerships with PricewaterhouseCoopers and Network Frontiers, which provides the Unified Compliance Framework (UCF) for OpenPages Enterprise GRC Platform.
Finally, OpenPages solidified its leadership position in the Enterprise GRC management market with validation from leading industry analysts including:
"2009 was an outstanding year of accomplishments for OpenPages. We experienced record revenues and profits for our enterprise GRC suite while we achieved significant operational and product milestones. Our growth and success is being fueled by customers' adoption of a platform approach to integrated risk management, which includes operational risk, compliance, information security, vendor risk management, business continuity and other critical GRC initiatives. We are grateful for the opportunity to serve our customers in their efforts to streamline their risk and compliance initiatives and empower their leadership teams to proactively manage risk across the enterprise."
OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what’s important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in the United Kingdom, distribution partners in Japan and South Africa and regional offices throughout North America.
For more information on OpenPages' governance, risk and compliance solutions, please click here or call us at 781.693.5999.
