Waltham, Mass. – September 26, 2003 – OpenPages, a leading provider of Corporate Compliance and Enterprise Risk Assurance solutions, today announced that five more companies have chosen its Sarbanes-Oxley Express application to help them comply with the Sarbanes-Oxley Act of 2002. The customers include Ameren Corporation, Becton, Dickinson and Company, FEI Company, Financial Federal Corporation and Fortis. These new customers join OpenPages growing customer base of Fortune 1000 customers that selected Sarbanes Oxley Express since its release earlier this summer, including Volt Information Sciences. With over 10 new customers signed since the public launch of Sarbanes-Oxley Express, OpenPages has established itself as the clear leader in this emerging market.
OpenPages has secured the leadership position in the Sarbanes-Oxley market by enabling customers to create a flexible foundation that they can adapt as the SEC modifies its definition of compliance.
“ We continue to add new customers at a rapid pace—signing four companies in one day—and believe that enterprises are adopting our solution faster than any competitive offering,” said Michael J. Duffy, CEO and president of OpenPages. " As more companies evaluate software for helping them solve key governance and compliance issues they are realizing that it is beneficial to have a single platform that encompasses all aspects, not just those mandated by the Sarbanes-Oxley Act. They’ll look to see which products are gaining customer acceptance as proof of this model and, as a result, we’re well positioned to capitalize on the opportunity before us.”
About the Customers:
Ameren Corporation: St. Louis-based Ameren Corporation (NYSE: AEE) provides energy services to 2.2 million customers in Missouri and Illinois.
Becton, Dickinson and Company: Becton, Dickinson and Company (BD) (NYSE:BDX) is a medical technology company that serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. BD manufactures and sells a broad range of medical supplies, devices, laboratory equipment and diagnostic products.
FEI Company: FEI (NASDAQ: FEIC) is a nanotechnology company providing enabling 3D Structural Process Management(TM) solutions to the world's technology leaders in the fields of semiconductors, data storage, structural biology and industry.
Financial Federal Corporation: Financial Federal Corporation (FIF-NYSE), through its subsidiaries, is an independent nationwide equipment, finance and leasing company specializing in financing mid and large ticket industrial and commercial equipment through installment sales, capital loans and leasing programs for manufacturers, dealers and end users of such equipment nationwide.
Fortis: Fortis is an international financial services provider active in the fields of banking, insurance and investment. With a market capitalization of EUR 20 billion and around 68,000 employees, Fortis ranks in the top 20 of European financial institutions.
On June 30, 2003 OpenPages announced the general availability of Sarbanes-Oxley Express. The first version was designed to address Section 404 of the Act, which requires that companies establish and maintain adequate internal controls and procedures, as well as conduct annual evaluations of internal controls and procedures for financial reporting. Sarbanes-Oxley Express helps companies create a framework and more efficiently plan, document, test, monitor, communicate and attest to the effectiveness of the controls adopted
No other vendor offering corporate governance, and specifically, Sarbanes-Oxley solutions, has announced a customer base comparable to OpenPages.
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.
