BWise, Inc

October 18, 2010 13:14 ET

BWise in Leaders Quadrant for Enterprise GRC Platforms by Independent Analyst Firm

NEW YORK, NY and 'S-HERTOGENBOSCH, NETHERLANDS--(Marketwire - October 18, 2010) -  BWise, the leading provider of Governance, Risk and Compliance (GRC) Management platforms, announced today that it is positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms in Gartner's October 13, 2010 report by French Caldwell. Eighteen companies were selected and positioned within the report. All the companies selected were evaluated based on "ability to execute" and "completeness of vision."

According to the report
The Gartner Magic Quadrant report states, "With the proliferation of regulations and concerns over corporate governance and transparency, ERM is seen by many regulators and business leaders as a strategic approach to achieve improved corporate governance, more transparency in the decision making of the board and senior executives, and improved performance against business objectives."

The report goes on to state, "The EGRC platform market derives from the need for many entities to improve the oversight of corporate governance -- including financial reporting compliance, enterprise risk management (ERM) and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRC management (GRCM) needs associated with corporate governance and also enable an enterprise to pursue future consolidation and integration of a diverse set of GRC activities."

BWise positioned as a Leader
Luc Brandts, Founder and CTO of BWise, said, "The entire team at BWise is very proud to have been recognized and positioned as a leader in Gartner's Magic quadrant for Enterprise Governance, Risk and Compliance Platforms. We believe our placement in the leaders quadrant is a testimony of the value we deliver to our customers with our process-based approach. All of the team at BWise works diligently to continually improve and enhance the BWise GRC platform to comply with market needs. It is very satisfying when all that work and effort culminates in this kind of recognition. The BWise team will continue to meticulously work on developing the platform's broad capabilities in risk management, process management and analysis, compliance, IT GRC, policy management and audit."

Think big, start small
Robert Pijselman, CEO of BWise, said, "Our sole focus on GRC pays off with strong implementations and a continuously growing global client base. Based on the experience with our global customers, we have developed a best practice methodology to consolidate all GRC activities in one EGRC platform and obtain business performance improvements. The key success factors are to think big by having a clear broad vision on GRC and start small by focusing on those GRC activities where the biggest need is identified and where the enterprise can realize a success as soon as possible. In addition, BWise customers can take advantage of the GRC vendor's experience in multiple industries as a benchmark for successful implementations. The recognition of these efforts from Gartner, as a leader in the Magic Quadrant report, is very flattering and gratifying."

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About the Magic Quadrant
The Magic Quadrant is copyrighted October 13, 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Research "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell, October 13, 2010.

About BWise:
BWise, established in 1994, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers truly integrated and proven GRC solutions. With these GRC solutions BWise supports an organization to get 'in control' of all of its enterprise risks and compliance obligations. To become 'in control,' BWise enables its customers to increase corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance, while understanding risks.

Hundreds of customers, in virtually all markets and industries in more than 80 countries, are served by BWise for their GRC needs. Utilizing templates and a best-practice implementation approach, BWise enables management to monitor and manage risks and comply to regulations such as Sarbanes-Oxley, ISAE3402 / SAS-70, Basel II and III and Solvency II, ISO-standards, European Corporate Governance Codes and many more. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit

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