SOURCE: BWise

BWise

June 30, 2011 11:11 ET

Fortum Selects BWise for Operational Risk Management

'S-HERTOGENBOSCH, THE NETHERLANDS and NEW YORK, NY--(Marketwire - Jun 30, 2011) - BWise, the global leader in Governance, Risk and Compliance (GRC) management software, proudly announced today that Fortum (HEX: OMX), a leading energy supplier with headquarters in Espoo, Finland, selected BWise for its operational risk management and incident management capabilities. BWise has a proven track record as a broad GRC solution provider and independent analysts have positioned BWise as a leader in Enterprise GRC platforms.

Robert Pijselman, CEO BWise: "We are very proud of the fact that Fortum has selected BWise and we are thankful for their business. This project will support us in our efforts to further expand our vertical footprint into the utility and energy market. BWise considers the utility and energy market as a strategic market with many large customers, such as Southern Company and Marathon Oil."

Fortum -- leading energy supplier with headquarters in Espoo, Finland
Fortum's purpose is to create energy that improves life for present and future generations. Fortum provides sustainable solutions that fulfill the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Fortum's operations focus on the Nordic countries, Russia and Baltic Rim area. In 2010, sales totaled EUR 6.3 billion and comparable operating profit was EUR 1.8 billion. Fortum employs approximately 10,500 people and shares are quoted on NASDAQ OMX Helsinki. Further information: www.fortum.com.

More about the GRC solution provider
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.

Domestic and multi-national clients across all markets in more than 120 countries are served by BWise for their GRC needs. BWise enables our customers to track, measure and manage their key organizational risks, including the risk of non-compliance, in a more efficient, effective and expedient manner to comply with 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 www.bwise.com.

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