SOURCE: EthicsPoint

EthicsPoint

May 19, 2010 09:00 ET

EthicsPoint Acquires Technology From Visualization Leader Swan Island Networks

Software Will Enable Clients to View Risks in Rich Visual Format

PORTLAND, OR--(Marketwire - May 19, 2010) -  EthicsPoint, a recognized innovator in helping organizations raise visibility and mitigate operational risk, today announced the purchase of technology from visualization leader Swan Island Networks. EthicsPoint is currently integrating SWAN's TIES (Trusted Information Exchange Service) technology with its SaaS-based Issue and Event Manager [IEM] case management framework, enabling a rich geographical display of targeted data; the integrated solution will be available in late 2010.

TIES, which was originally formulated to help first responders communicate in the event of a disaster, is a Web 2.0 information sharing service that provides up-to-the-minute critical information in configurable visual displays. Currently employed by the US and other governments, as well as Fortune 500 companies, to assist with the tracking of risk events -- from weather to the spread of an epidemic -- the TIES system renders real-time information gathered via various data feeds and displays it on maps and in gadgets, in a highly secure environment. TIES uniquely allows each user to filter the data according to their own needs -- allowing them to make faster, smarter decisions. 

"EthicsPoint continues to evolve as a software organization, delivering customer-driven solutions and services," said David Childers, president and chief executive officer of EthicsPoint. "The integration of this technology will provide dynamic visualization of critical data our customers already have hosted within IEM and let them see in real-time where they may be at risk -- whether that be via increased reports of security breaches, vendors or other third-parties located in countries with increased risk of corruption or HR-related risk specific to a department or region."

EthicsPoint will be integrating TIES into IEM under the name, "Visualization Manager." Visualization Manager's customizable rich visual displays enable increased enterprise awareness and drive data-based decision-making via enhanced location-based (among other available) data in a compelling and intuitive format. 

"TIES' use as a data aggregation and visualization service is growing in both the public and private sectors," said Charles Jennings, president of Swan Island Networks. "We now see applications of the system beyond our original ambition, enabling companies like EthicsPoint to apply it to their own industry -- governance, risk and compliance -- with their expertise, bringing the value of real-time data visualization to new markets."

As part of the agreement, EthicsPoint will have exclusive right to TIES for the governance, risk and compliance market, extending a history of innovation from EthicsPoint for the benefit of current and future customers. EthicsPoint plans to complete TIES integration with the existing IEM professional and enterprise frameworks and introduce it to customers in Q4 2010; financial terms of the deal were not announced.

About Swan Island Networks
Founded in 2002, Swan Island Networks is a private company led by experienced, successful entrepreneurs, founded to address the information sharing weaknesses clearly highlighted by such events as 9/11 and Hurricane Katrina. Headquartered in Portland, Oregon, Swan Island's mission is to use Internet-based technology to create flexible, intelligent, high-trust computing environments and to give people more choice and control over when, where, how and with whom they share information. More information can be found at www. swanisland.net.

About EthicsPoint
EthicsPoint is a recognized innovator in helping organizations raise visibility and mitigate operational risk. We help our clients protect their culture and reputation by facilitating the gathering of data that identifies current risks, managing the intake and evaluation process and enabling them to proactively mitigate future adverse events. More than 2,300 organizations use our products and services to align their business processes with their code of conduct, increasing awareness of potential organizational risks -- a critical component of their overall governance, risk and compliance efforts. For more information, please visit www.ethicspoint.com.

Contact Information

  • Contacts:
    Simmi Singh
    EthicsPoint PR
    Direct: (503) 924-1643
    Email Contact

    Sherry Lamoreaux
    Swan Island Networks PR
    Direct: (503) 796-7926
    Email Contact