SOURCE: OpenPages

May 19, 2008 08:30 ET

Intercontinental Hotels Group Selects OpenPages to Enhance Global Risk and Compliance Initiatives

WALTHAM, MA--(Marketwire - May 19, 2008) - OpenPages®, the leading provider of enterprise GRC solutions, today announced InterContinental Hotels Group PLC (IHG), one of the world's largest hotel groups, has selected OpenPages' Enterprise GRC Solution to assist in optimizing the company's global risk management efforts.

"Using OpenPages' highly configurable risk and control self assessment (RCSA) capability, IHG entities around the globe will be providing visibility into critical financial controls in the business," said Dominic Fernando, Manager, Global Control Self Assessment at IHG. "This is the next step in our long-term strategy to enhance the company's risk and compliance management and reporting infrastructure."

OpenPages' best practice risk and control self-assessment (RCSA) capabilities are aimed at delivering business value to its customers. Taking into account the many variables that make each leading organization unique, OpenPages enables its customers to configure its solution according to the organization's business structure and assessment objectives.

Deciding factors that influenced IHG's decision to deploy OpenPages' technology versus other enterprise GRC providers include the following:

--  Flexibility of the OpenPages Platform and the ability to support IHG's
    methodology through configuration;
    
--  Ease of use and automation of manual processes;
    
--  Ability for IHG to become self-sufficient and less dependent on IT to
    make adjustments to the basic configuration, reporting or workflow
    processes in response to changes in business requirements.
    

"I am very pleased with the company's growth in the European market," said Michael J. Duffy, President and CEO, OpenPages. "IHG's selection of OpenPages further validates our approach and scalability for a global risk and compliance solution."

About IHG

InterContinental Hotels Group (IHG) is one of the world's largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 590,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with over 37 million members worldwide.

About OpenPages

OpenPages® is the leading provider of enterprise GRC solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into everyday business processes. Market-leading corporations select OpenPages because of its domain expertise and software solutions that seamlessly adapt to their unique risk management methodologies while providing the flexibility to evolve their governance, risk and compliance processes over time. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of risk and compliance solutions, please call 781-693-5999 or visit www.openpages.com.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

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