SOURCE: OpenPages

July 11, 2008 08:30 ET

OpenPages Positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance Platforms Magic Quadrant, 2008

Evaluation Based on Completeness of Vision and Ability to Execute

WALTHAM, MA--(Marketwire - July 11, 2008) - OpenPages®, the leading provider of enterprise GRC management solutions that optimize business performance, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" report(1). OpenPages was one of fourteen 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 and Customer Experience.

According to the report, "The EGRC platform market is new, 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." Moreover, "customers will be looking for leaders to provide additional functionality, such as 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."

OpenPages' position in the Leaders Quadrant in the Gartner report comes hot on the heels of several significant product achievements. Just this week, OpenPages released the newest solution offering on the OpenPages Platform (version 5.5), OpenPages EHS which provides companies with the tools to develop and manage a compliance and risk management program focused exclusively on managing environmental, health and safety. In June, the company announced that it had received a patent for its enterprise GRC software. Prior to that, OpenPages introduced its newest platform offering -- OpenPages 5.5 -- as well as OpenPages Hosting, which provides users with an easy and reliable way to deploy the company's market-leading technology, without costs associated with installing and managing an in-house solution.

"We are delighted that Gartner has recognized OpenPages' leadership and proven execution in the GRC market globally," said Michael J. Duffy, president and CEO of OpenPages. "Moving forward, OpenPages will continue to innovate with solutions that will change the way companies think about GRC and further enhance our market position."

The Magic Quadrant is copyrighted 2008 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.

About OpenPages

OpenPages is the leading provider of enterprise GRC management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance (GRC) activities across the enterprise and by incorporating risk management into their everyday business processes. Market-leading corporations select OpenPages because of its domain expertise and software solutions that seamlessly adapt to their unique risk management methodologies while providing the flexibility to evolve their governance, risk and compliance processes over time. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of risk and compliance solutions, please call 781-693-5999 or visit www.openpages.com.

(1) Gartner "Magic Quadrants for Enterprise Governance, Risk, And Compliance Platforms" by French Caldwell, Tom Eid, et al. June 30, 2008.

Contact Information

  • Contacts:

    OpenPages
    John Kelly
    OpenPages
    781.693.5925
    Email Contact

    North America
    Jessica Sutera
    Lois Paul & Partners
    781.782.5789
    Email Contact

    Europe
    Annette Leach
    Harvard Public Relations
    +44 208 759 0005
    Email Contact