SOURCE: BWise, Inc.

BWise, Inc

August 17, 2009 10:05 ET

Independent Research Firm Positioned BWise in Leaders Quadrant for Enterprise Governance, Risk and Compliance Platforms

NEW YORK, NY and 'S-HERTOGENBOSCH, NETHERLANDS--(Marketwire - August 17, 2009) - BWise, a leading provider of Governance, Risk and Compliance (GRC) Management software solutions, today announced that it was positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms in Gartner's August 2009 report by French Caldwell, Tom Eid and Carsten Casper. According to the report, "The market for EGRC Platforms is shifting from a focus on regulatory compliance to a focus on enterprise risk management." Thirteen select companies were positioned in the report and were evaluated on "Completeness of Vision" and "Ability to Execute."

Quote from the report

According to the report, "Customers will be looking for leaders to provide additional functionality such as support for ERM, integration with advanced business intelligence and corporate performance management applications, more-flexible and ad hoc reporting, and more support for the internal audit organization. They will also expect support across multiple geographies."

BWise recognized as a Leader

"We are very proud and honored to be recognized in the leaders quadrant. BWise has always and will continue to work hard to deliver innovative and compelling internal control, risk management, (IT) governance management solutions that bring real value to our customers," said Luc Brandts, CTO of BWise. "We believe our placement in the leaders quadrant highlights the success of our recent innovations, like continuous control monitoring and soft controls testing, as well as our vision to provide a broad and comprehensive integrated enterprise governance, risk and compliance platform."

Innovative and responsive

Robert Pijselman, CEO of BWise, said, "We believe being recognized by Gartner as a leader, is a reflection of our dedication to make our customers 'in control' in the most effective and efficient way on the GRC challenges they face on a day to day basis. BWise has customers from all over the world, and in virtually every industry. Providing a strong GRC platform to such a wide variety of clients has only made BWise more innovative and responsive to their needs. From my perspective, being recognized by Gartner substantiates all the efforts that BWise and its employees have made." More information:

About the Magic Quadrant

The Magic Quadrant is copyrighted August 12, 2009 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 and Carsten Casper, 12 August, 2009.

About BWise:

BWise is the global leader in Governance, Risk and Compliance (GRC) management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become 'in control' by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI.

With hundreds of customers in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC industry. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Bill 198, Solvency II, Basel II, MiFID, PCI, GLBA, and others. BWise has offices in the Netherlands, United States, United Kingdom, and Germany.

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