Waltham, MA, April 21, 2008 — OpenPages®, the leading provider of enterprise GRC management solutions that optimize business performance, today announced a strong start to 2008. Building on its strong financial performance in 2007, OpenPages’ growth continues in 2008 with important customer wins that underscore the ongoing critical need of global organizations for a comprehensive approach to enterprise-wide risk management. Significant customers secured in Q1 include MasterCard, ICAP, and InterContinental Hotels Group (IHG) who all committed to OpenPages’ market leading enterprise GRC management solution.
As companies maneuver their way through the current uncertain economic environment, many are rethinking their risk management strategies. This rethinking, coupled with recent unexpected events including a dramatic drop in valuations for securitized debt, rogue trading, and data breaches leading to identity theft and fraud are pushing risk management to the forefront of senior management’s agenda. Given the significant benefits of an integrated approach to risk management, organizations continue to turn to OpenPages for enterprise-wide GRC management solutions. To address this, OpenPages announced today the newest version of the OpenPages Platform – version 5.5 – which has been further refined to enable firm-wide management of risk exposure. The company also announced, a new service offering, OpenPages Hosting, to enable customers to easily deploy OpenPages’ solutions without the cost and time required from internal resources associated with installing and managing an in-house system.
Continued growth, new customer wins, and a new hosted service have all contributed to the company’s success in Q1. Further validating OpenPages’ ongoing leadership in the enterprise GRC management space, the company was recently honored with industry accolades, both in the US and abroad, including the following achievements:
“This year is an important one for OpenPages as we witness the continued shift by companies who – in light of current market conditions – are firmly embracing a holistic, enterprise-wide approach to managing risk from the business unit level all the way up to senior management,” commented Michael J. Duffy, President & CEO, OpenPages. “I am pleased with the company’s growth this quarter and our team’s accomplishments in widening our leadership position in the enterprise GRC management marketplace.”
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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.
