SOURCE: OpenPages

November 14, 2006 09:00 ET

OpenPages and ABS Consulting Team to Provide Comprehensive Operational Risk Management Data Solution

Alliance Delivers Complete Risk Services and Risk Management Framework

WILMINGTON, DE and WALTHAM, MA -- (MARKET WIRE) -- November 14, 2006 -- ABSG Consulting Inc. ("ABS Consulting"), through its division ABS Corporate Solutions and subsidiary, EQECAT, Inc., and OpenPages announced today an alliance that will provide organizations with a complete enterprise risk management framework for understanding the breadth and depth of business risks.

The alliance, which leverages ABS Consulting's specialization in scenario, probabilistic analysis and risk assessment processes and OpenPages' operational risk management software solution, OpenPages ORM, allows organizations to correlate and associate data into information to minimize unexpected losses and interruptions.

ABS Consulting provides organizations with risk identification, assessment/consequence analysis using robust probabilistic modeling, for both operational and catastrophe risk, allowing corporations to quantify the true nature of the risk they face and the level of residual risk that remains after any mitigation effort. The company specializes in modeling extreme physical asset risks, pandemic situations, liability/casualty, and franchise threatening risks in the form of natural and man-made hazards, including terrorism. OpenPages ORM is an enterprise risk management software solution that enables organizations to identify, measure, monitor and manage operational risk on an integrated, company-wide basis. Together, ABS Consulting and OpenPages provide organizations with software and associated services for Risk Assessment, Risk Mitigation, Risk Planning and Risk Transfer.

"Working with ABS Consulting, we can provide joint customers with the information they need to make risk-informed decisions," said Scott Torbik, director of alliances of OpenPages. "By allowing organizations to address significant incidences of losses and to fully understand the potential risks they are exposed to, we can help them prevent large losses and reduce expected outcomes."

"We are delighted OpenPages has teamed with ABS Consulting," said Kenneth Travers, senior vice president, ABS Corporate Solutions. "The synergies between our firms will create an environment that provides an effective combination of experience in risk management and best-of-class technology to help create the ultimate risk data management resource."

About ABS Consulting

ABSG Consulting Inc. is a leading independent global provider of risk management services, combining industry specialists, risk modeling and practical engineering and technology solutions to help business, finance, industry and government manage risk. Through a comprehensive and integrated risk management approach, ABS Consulting is committed to helping clients reduce business interruption and manage catastrophic, operational, and security risks. ABS Consulting is headquartered in Houston, Texas. For additional information, please log on to

About OpenPages

OpenPages is the leading provider of governance, risk and compliance management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit

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

Contact Information

  • Contact:
    Kenneth A. Travers
    ABS Consulting
    Email Contact

    Eric Samansky
    The Samansky Group
    Email Contact

    Michael Parker
    Lois Paul & Partners for OpenPages
    Email Contact