SOURCE: OpenPages

January 22, 2007 09:00 ET

OpenPages Introduces Information Technology Governance Solution

OpenPages ITG Provides Integrated Environment for Managing Enterprise-Wide IT Risk

WALTHAM, MA -- (MARKET WIRE) -- January 22, 2007 --OpenPages®, the leading provider of governance, risk and compliance management (GRCM) solutions, today announced the availability of OpenPages ITG(SM), a software solution that facilitates excellence in Information Technology (IT) Governance by aligning IT process, policy, risk and operations management with corporate business initiatives, strategy, and operational standards.

One of two new modules introduced with the OpenPages Governance Platform 5.0, OpenPages leverages a core shared-services open architecture; OpenPages ITG makes IT governance achievable, enabling organizations to sustain compliance across multiple IT best practice frameworks (including Cobit, ITIL and ISO 17799) and regulations while managing internal IT control and risk according to the business processes they support. (See OpenPages Introduces Next-Generation Software Platform for Governance, Risk and Compliance Management, 01/22/07.)

"Technology automates much of business today. While the benefits of technology are clear, failing to manage the risks that can be introduced to the business from process, policy and technology failures can have a serious impact in terms of achieving compliance with regulations, protecting brand reputation and ensuring overall corporate performance," said Brian Cleary, Vice President of Marketing at OpenPages. "OpenPages ITG ensures that information technology resources are properly aligned to business strategy -- in terms of availability, security and operating best practices -- while helping to mitigate the multitude of technology risks organizations face today."

OpenPages ITG delivers a process-centric, policy-driven way to manage risk, providing critical business context by mapping IT risks directly to the business processes they support, allowing them to be viewed alongside other non-IT operational risks. OpenPages ITG integrates with configuration management databases, service management applications and security management point solutions, allowing organizations to maximize value from existing IT investments by adding holistic, business-process-focused decision support and risk management capabilities.

As part of the OpenPages Business Governance Suite, OpenPages ITG is a key building block in implementing an enterprise-wide risk management approach to Business Governance. Its control self-assessments, end-user surveys, automated workflow and executive dashboards provide management with the visibility, control and decision support required to manage IT risk and optimize business performance.

"Being able to identify, analyze and manage IT operational risk on an integrated, company-wide basis gives companies a leg up on their competitors," said George Westerman, a research scientist in MIT's Center for Information Systems Research (CISR). "OpenPages ITG makes that possible by helping users understand where to optimize IT risk management processes and prepare for future contingencies."

About OpenPages

OpenPages is the leading provider of enterprise risk 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 regional offices throughout North America and international offices in London, Tokyo, Munich, Hong Kong, and Paris.

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 www.openpages.com.

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

Contact Information

  • Contacts:

    OpenPages
    Ed Thomas
    OpenPages
    781.693.5941
    Email Contact

    North America
    Michael Parker
    Lois Paul & Partners
    781.782.5714
    Email Contact

    Europe
    Charlotte Hanson
    Harvard Public Relations
    +44 208 759 3242
    Email Contact