SOURCE: OpenPages

June 01, 2005 09:00 ET

ON Semiconductor Selects OpenPages Sox Express for Sarbanes-Oxley Compliance

WALTHAM, MA -- (MARKET WIRE) -- June 1, 2005 -- OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that ON Semiconductor (NASDAQ: ONNN) has selected OpenPages Sarbanes-Oxley Express (SOX Express) as part of its Sarbanes-Oxley compliance initiatives. ON Semiconductor will deploy SOX Express to provide additional automation to the company's ongoing test and review of its internal controls documentation with a goal of reducing the time and resource costs associated with Section 404 and 302 compliance.

ON Semiconductor is a global company offering an extensive portfolio of power and data management semiconductors and standard semiconductor components serving a broad base of end-user markets, including computing, automotive electronics, consumer electronics, industrial electronics, wireless communications and networking.

"We chose OpenPages based on its combination of domain expertise and technology. SOX Express is powerful, yet easy to use, and we understand that it has been deployed at some of the world's largest companies," said Donald Colvin, ON Semiconductor Senior Vice-President, Chief Financial Officer, and Treasurer. "The company's track record made OpenPages SOX Express the best solution for our SOX related compliance requirements."

OpenPages SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

For more information on OpenPages' line of enterprise governance, risk 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 (GRCM) 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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