OpenPages Wins OpRisk & Compliance Magazine’s First Annual Compliance Software Rankings

June 11, 2007

Waltham, Mass. – June 11, 2007 – OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that they have won first place in the Sarbanes-Oxley compliance category in the inaugural OpRisk & Compliance magazine rankings for compliance software. The results were based upon a two week online voting period by end-users who were asked to rank their top five firms across eight select categories. The results were then weighted and tallied by an independent third party, Incisive research.

In addition to securing first place status in the compliance software rankings with OpRisk & Compliance, OpenPages also received prominent placement in Chartis Research’s most recent Operational Risk Management Systems report. Throughout the report, OpenPages is recognized for their domain expertise as well as the company’s ability to ensure customer success with their enterprise risk management technology. Chartis recognized OpenPages as one of the leading ORM applications in the market.

Based upon survey data collected by Chartis between January 2007 and April 2007 of ORM system customers, OpenPages ranked near the top in application functionality and ranked number one in usability.

“The fact that the software rankings for OpRisk & Compliance and a good portion of the Chartis report were based directly from the responses of customers is significant,” said Brian Cleary, vice president marketing, OpenPages. “When you receive accolades from the actual people charged with implementing enterprise risk management for their organizations, there is no higher compliment. These are welcome additions to what has been a long list of OpenPages accomplishments in 2007.”

Other 2007 accomplishments for OpenPages include: Red Herring 100 winner; named fastest growing private software company in America by Inc. Magazine; ranked #2 Pacesetter by Boston Business Journal; president & CEO Michael Duffy named as one of the Top 100 influencers in finance by Treasury and Risk magazine and an E&Y Entrepreneur of the year finalist.

About OpenPages

OpenPages® is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world’s largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into day-to-day business processes. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For questions or for more information on OpenPages' enterprise risk management solutions, please click here or call us at 781.693.5999.