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Sarbanes-Oxley News
Article:
May strong for VC backed IPOs in U.S.
Venture capital-backed medical, health, life science, and IT companies have raised $1.6 billion through IPOs on U.S. markets in May, with IT companies displaying the highest level of performance. The first five months of 2007 have seen the highest number of venture-backed IPOs since 2000, which has been attributed to companies "weathering the technology bubble" and Sarbanes-Oxley (SOX) costs. SOX compliance costs have been blamed for hampering financial growth in the U.S., which prompted recent revisions to the Sarbanes-Oxley Act by the SEC and the Public Company Accounting Oversight Board. It is hoped that these changes will reduce the costs of SOX compliance so the economy will continue to display signs of progress.
The Sarbanes-Oxley News Article
About OpenPages
OpenPages is the leading provider of Governance, Compliance and Risk
Management solutions
for Sarbanes-Oxley Compliance, Financial Controls Management, General
Compliance Management, Operational
Risk Management and IT
Governance.
The company’s solutions provide the visibility, decision support and
control to improve accountability, better manage risk, achieve compliance
with numerous regulations, improve operational performance and align strategies
to ensure better results.
Market-leading corporations in financial services, manufacturing, telecommunications,
media/entertainment, retail/consumer, energy, high technology, health services
and life sciences rely on OpenPages to help them achieve sustainable governance,
risk and compliance management -- enabling them to become well-governed businesses.
Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.
For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance.
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