SOURCE: OpenPages


June 16, 2009 08:30 ET

OpenPages Cited as the Global Leader in Compliance

According to OpRisk & Compliance's Annual Compliance Software Survey 2009

BERKSHIRE, UK--(Marketwire - June 16, 2009) - OpenPages, the leading provider of integrated risk management solutions for global companies, today announced that it has been cited as the global leader in 'compliance monitoring and control' within OpRisk & Compliance's Annual Compliance Software Survey 2009.

The research was compiled from over 6,000 readers of the OpRisk & Compliance magazine from around the world, in addition to feedback from their online LinkedIn group.

"We are seeing a steady shift towards more converged risk and compliance strategies within the highly regulated sectors such as financial services. Such organisations are looking to integrate risk management and compliance processes across all levels of the business, which has meant that risk based solutions from OpenPages are becoming an integral part of the entire enterprise application infrastructure," said Gordon Burnes, VP of Marketing.

Burnes concluded by saying, "Coupled with the progress made to date, we're delighted to have been awarded with such a prestigious and global reaching accolade for the leading provider in compliance solutions."

"Despite the emphasis by regulators on the need for more robust controls and risk management for financial institutions since the financial crisis hit, budgets are still under pressure and firms have been more discerning in their choice of software provider," said Victoria Pennington, Editor of OpRisk & Compliance.

Pennington concludes by saying, "Looking to the longer term, financial services firms no longer want point solutions to fix a compliance problem; they want integrated platforms with sophisticated technology to ensure all gaps are covered and operating costs are reduced."

About OpenPages

OpenPages is the leading provider of integrated risk management solutions for global companies. OpenPages' solutions empower a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what's important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with an international office in the United Kingdom, and regional offices throughout North America.

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

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