SOURCE: OpenPages

June 01, 2005 09:00 ET

IT Risk Management Expert George Westerman Joins OpenPages Board of Advisors

WALTHAM, MA -- (MARKET WIRE) -- June 1, 2005 -- OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that noted IT risk management expert and MIT research scientist Dr. George Westerman has joined OpenPages' board of advisors. Dr. Westerman will provide critical guidance in the development of OpenPages' forthcoming software solution for IT operational risk management.

"The ability to identify, analyze and manage IT operational risk on an integrated, company-wide basis enables corporations to optimize IT processes while effectively preparing for future uncertainties," said Michael J. Duffy, president and CEO of OpenPages. "As OpenPages continues to expand its portfolio of governance, risk and compliance solutions, George Westerman's experience and expertise will be invaluable to our company and our customers as they expand their compliance initiatives to include broader risk management strategies to improve business operations."

Dr. George Westerman is a Research Scientist in the Center for Information Systems Research (CISR) at MIT's Sloan School of Management. His research in IT risk management provides implementable advice on effective IT compliance and operational risk management, based on surveys and case studies from more than 150 enterprises. In his ongoing work on CIO leadership, he has identified important levers through which current CIOs can boost their credibility and aspiring CIOs can position themselves for the next opportunity. He has been cited by CIO Magazine, Gartner, and other leading publications. His work has appeared in publications such as Sloan Management Review, Harvard Business School cases and numerous working papers from MIT CISR. In addition to regular contact with MIT CISR sponsors, he leads an MIT Sloan executive education program called "IT for the Non-IT Executive," which is attended by more than 200 senior executives annually.

"OpenPages has backed its dominant position in the market for Sarbanes-Oxley compliance with a strong vision for operational risk management and IT compliance," said Westerman. "I look forward to working with OpenPages and its forward-thinking customers to develop the next generation of governance, risk and compliance management applications."

Prior to earning his doctorate at Harvard Business School, Dr. Westerman gained more than 15 years of experience in engineering and IT management consulting. He speaks regularly at company and industry events, and has worked with executives in a number of industry sectors.

For more information on OpenPages' line of enterprise governance and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com.

About OpenPages

Founded in 1996, OpenPages develops enterprise governance, risk and compliance management solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act.

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

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