SOURCE: BWise

BWise

July 14, 2011 14:12 ET

BWise Positioned in Leaders Quadrant of the 2011 Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms

Assessment of Vendors on Completeness of Vision and Ability to Execute

NEW YORK, NY and 'S-HERTOGENBOSCH, NETHERLANDS--(Marketwire - Jul 14, 2011) - BWise, the global leader in Governance, Risk and Compliance (GRC) management software solutions, announced today that it is positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms in Gartner's July 13, 2011 report by French Caldwell, Tom Scholtz and John Haggerty. Eighteen companies are positioned in the report based on an evaluation of "Completeness of Vision" and "Ability to Execute."

The Gartner Magic Quadrant report states, "Instead of acquiring separate solutions for finance, IT and other business units, many enterprises are choosing to use a single EGRC platform and, when necessary, integrating the many point and functional solutions to satisfy specific GRC needs. Reporting and managing through a single platform give executives, auditors and managers a holistic view of the enterprise's risk and compliance postures, as well as views sorted by requirement, entity and geography."

Best Practice Approach
"It's great to see recognition for our vision and ability to execute. We believe the positioning of BWise in the Leaders Quadrant is a reflection of the customer value we deliver in business performance improvements. We make GRC initiatives actionable by using business process management; manageable by defining relevant risks and sustainable, through best practice," said Robert Pijselman, BWise CEO. "We have more than seventeen years of dedicated experience providing Enterprise Governance, Risk and Compliance (EGRC) solutions to domestic and multi-national organizations across multiple industries in more than 120 countries. Our best practice approach enables customers to consolidate all EGRC initiatives in one platform, enabling customers to react to immediate needs while planning for the future. We refer to this approach as 'Start Small, Think Big.'"

According to the report, "Most enterprises are also looking for solutions that support their strategies for more controls automation, including reporting from CCM of ERP and other controls automation in the IT infrastructure that can be integrated into the EGRC platform. As a consequence, a trend of the convergence of CCM with the EGRC platform is emerging, and there is also a slow trend toward the convergence of IT GRCM and EGRC platform solutions."

Maximum Control of Risks with Continuous Monitoring
Luc Brandts, CTO and Founder of BWise, said, "At BWise we are proud to be positioned as a leader in the Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. The entire team at BWise continuously challenge themselves to discover new ways of enabling our customers to track, measure and manage their key organizational risks, including the risk of non-compliance and the risk of information security, in a more efficient, effective and expedient manner. A testament of this commitment is the integration of leading edge technology to the BWise platform such as e-Learning, Sustainability & Environmental Health and Safety (EHS) solutions and Continuous Monitoring / Continuous Auditing functionality. We believe that technology along with an educated staff results in shorter implementations, support of sustainable initiatives and maximum control over key risks. Our business process approach helps organizations manage all these initiatives in concert. It ensures customers have a GRC platform in place that is future-proof."

About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 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, Tom Scholtz and John Haggerty, July 13, 2011.

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. BWise customers include AEGON, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, TNT and Transcontinental. 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, Germany, France and the United Kingdom. For more information, visit www.bwise.com.

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