BPS Resolver Inc.

BPS Resolver Inc.

March 22, 2010 13:35 ET

BPS Resolver for Governance, Risk and Compliance (GRC) Receives New Contract

Announcement represents second major win in New York State for BPS Resolver in recent weeks and extends leadership position in the Utility Vertical.

NEW YORK, NEW YORK--(Marketwire - March 22, 2010) - Mark Opausky, President of BPS Resolver, announced today that it was recently awarded a contract by the New York Power Authority (NYPA), through a competitive bid process, for risk management support services. "NYPA is an ideal customer and partner. They are the nation's largest state public electric utility that also runs energy efficiency and clean-energy programs," said Opausky.

The BPS Resolver software will provide several NYPA business units with a centralized system for facilitating the sharing of risk information, and organizing many elements of risk management reporting and administration.

About NYPA

The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. It is the nation's largest state-owned electric utility, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. About 75 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state.

For more information, www.nypa.gov.

About BPS Resolver

BPS Resolver provides hundreds of the world's best-managed companies with comprehensive solutions addressing Governance Risk and Compliance. Thousands of Professionals in over 100 countries use BPS Resolver to manage their Compliance, Risk assessment and Assurance processes. BPS Resolver products stand alone in their capacity to deliver value to discriminating clients. Our products are flexible, complete and designed to grow with our clients and their communities.

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