SOURCE: OpenPages

OpenPages

August 13, 2009 17:36 ET

OpenPages Positioned in the Leaders Quadrant for 2009 Enterprise Governance, Risk and Compliance Platforms Magic Quadrant

Evaluation Based on Completeness of Vision and Ability to Execute

WALTHAM, MA--(Marketwire - August 13, 2009) -


News Facts

-- OpenPages, the leading provider of integrated risk management solutions for global companies, today announced it has been positioned by Gartner, Inc. in the leaders quadrant in the Enterprise Governance, Risk and Compliance Platforms Magic Quadrant(1) report.

-- OpenPages was one of thirteen companies that were analyzed in the report which evaluated governance, risk and compliance (GRC) platform providers on their ability to execute and completeness of vision in the market.

-- For this report, Gartner weighed several criteria to arrive at its assessment of "Ability to Execute": Product/Service, Overall Viability (Business Unit, Financial, Strategy, and Organization), Market Responsiveness and Track Record, Sales Execution/Pricing, Customer Experience and Operations.

-- According to the report, "Leaders have proven GRC functionality in all four primary GRC management (GRCM) functions -- audit management, compliance management, risk management and policy management -- and they have executed across several industries with support for multiple professional roles."

-- The report also states that, "The EGRC platform market is still evolving, but the vendors in this market have had time to develop their products and strategies in other precursor markets. Because they have developed with a focus on corporate governance and executive reporting requirements, vendors with experience in the finance GRCM market have an advantage in the EGRC platform market."

-- Additionally, the report notes that, "Customers will be looking for leaders to provide additional functionality such as support for ERM, integration with advanced business intelligence and corporate performance management applications, more-flexible and ad hoc reporting, and more support for the internal audit organization. They will also expect support across multiple geographies. The large vendors are best positioned for these requirements, yet smaller vendors are in the Leaders quadrant because of continued viability, more-advanced functionality and market understanding."

Supporting Quote from Michael J. Duffy, President & CEO, OpenPages

-- "We are thrilled to be identified as a leader in the Gartner Magic Quadrant, and I believe this was based on the strengths of both our leadership team and our product offerings," said Michael J. Duffy, president & CEO, OpenPages. "From my perspective, Gartner's positioning validates our continuing momentum in Enterprise GRC deployments and our commitment to providing innovative solutions."

Please contact Jessica Sutera to arrange for further quotes regarding this announcement or to request an interview with an OpenPages executive.

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About OpenPages

OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers 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. For more information, please visit www.openpages.com.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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

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(1) Gartner "Magic Quadrants for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell, Tom Eid, Carsten Casper, et al. August 12, 2009.

Contact Information

  • Contact:
    Jessica Sutera
    Lois Paul & Partners
    Email Contact
    (781) 782-5789