OpenPages Accelerates Momentum in First Half of 2008

SOURCE:

OpenPages

2008-08-07 07:30:00

OpenPages Accelerates Momentum in First Half of 2008

OpenPages Accelerates Momentum in First Half of 2008

Half-Year Successes Fueled by Bookings Growth, Significant Product Innovation, and Industry Accolades

WALTHAM, MA–(EMWNews – August 7, 2008) – OpenPages, the leading provider of enterprise GRC management solutions that optimize

business performance, today announced extraordinary momentum and success in

the first half of 2008. Building on a strong performance in Q1, OpenPages’

GRC growth progressed in Q2 with new bookings growth of 55% over the same

quarter last year. The company’s accelerated momentum was fueled by new

product introductions, significant product innovations and industry

recognition for the company’s technological excellence.

As market forces drive risk management demands, OpenPages is bolstering its

GRC offerings to help users more effectively address risk management

demands across the enterprise. In April, OpenPages announced:


--  OpenPages 5.5 -- the newest version of the industry leading GRC

    platform.

    

--  OpenPages Hosting -- a new offering that delivers fast time-to-

    deployment without having to rely on in-house IT departments to deploy the

    servers, storage and other resources.

    

In June, OpenPages received a patent for its highly

configurable GRC platform, further demonstrating the uniqueness of the

company’s technology and its commitment to product innovation. Building on

its award winning GRC platform, OpenPages innovated with the introduction

of OpenPages EHS — an enterprise risk management

solution that automates the process of identifying, measuring and

monitoring environmental, health and safety risk.

In addition to platform and solution enhancements, OpenPages was recognized

by industry experts for its technology excellence in the GRC management

space:


--  OpenPages was positioned in the leaders quadrant for Gartner's

    "Enterprise Governance, Risk and Compliance Platforms Magic Quadrant, 2008"

    report.

    

--  OpenPages was chosen by AlwaysOn as one of the Northeast 100 Top

    Private Companies for creating new business opportunities in high-growth

    markets, demonstrating significant market traction and pursuing game-

    changing technology in a key sector.

    

--  OpenPages was named a leader within the 'Premier Division' in the

    March 2008 Chartis Research Operational Risk Management Systems 2008 report

    which surveyed hundreds of operational risk vendors.

    

--  OpenPages was cited as a leader in OpRisk & Compliance Magazine's

    annual Compliance Software Survey 2008, increasing its position in

    Compliance Monitoring and Control, GRC, and Regulatory Reporting and

    ranking consistently in first position for Sarbanes-Oxley for the second

    year running.

    

The first half of 2008 also proved to be a successful one in terms of

customer commitment and adoption. OpenPages hosted the second annual

Executive ERM Forum in May where leading CROs, senior risk and compliance

executives and thought leaders gathered to discuss the latest risk

management trends and best practices. In addition, OpenPages recently

announced that FirstRand Banking Group selected OpenPages ORM to reduce

Basel II capital allocation costs and InterContinental Hotels Group PLC

(IHG), one of the world’s largest hotel groups, selected OpenPages’

Enterprise GRC Solution to assist in optimizing the company’s global risk

management efforts. OpenPages was also chosen as the strategic GRC solution

for MasterCard, ICAP and numerous other multinational companies.

“OpenPages has been the definitive leader in the GRC market since its

inception and the first half of 2008 represented performance consistent

with that tradition,” said Michael J. Duffy, president & CEO, OpenPages.

“We are seeing elevated attention on enterprise risk management initiatives

and I am pleased with the company’s leadership position and growth. We look

forward to further customer adoption and continued success in the second

half of 2008.”

Additional links

OpenPages blog

OpenPages 5.5

OpenPages Hosting

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.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained

herein are the property of their respective owners.

Contacts:
OpenPages
John Kelly
OpenPages
781.693.5925

North America
Jessica Sutera
Lois Paul & Partners
781.782.5789

Europe
Annette Leach
Harvard Public Relations
+44 208 759 0005

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