Operational Risk Experts Position OpenPages as Leader

Position in market reports validate technological excellence in the operational risk management space

October 9, 2009

News Facts

· OpenPages, the leading provider of integrated risk management solutions for global companies, today announced that several leading independent analyst groups have positioned the company as a leader in the operational risk management market.

· This month, OpenPages was recognised as a leading software company in the Enterprise Operational Risk Management Compliance, and Governance Solutions[1] report by independent analyst group, Celent. The report notes that OpenPages is one company that is, “leading the field in terms of depth of functional capabilities.” The report continues that, “OpenPages is particularly strong in its multidomain governance, risk, and compliance management approach.”

· In May 2009, OpenPages was also cited as a leading provider of operational risk management (ORM) software in the Chartis Operational Risk Management Systems 2009[2] market analysis report. The report states that, “Successful vendors need to be able to assist in the implementation, training and methodological aspects of ORM,” and identifies OpenPages as a company with particularly strong efforts in this area.

Supporting Quote from Gordon Burnes, VP of Marketing, OpenPages

-“OpenPages is thrilled that some of the world’s top analyst firms have recognised us as a leading player in the operational risk management space. OpenPages has been chosen as the Operational Risk Management solution for some of world’s largest financial institutions, and we believe the remarks by each analyst firm validate our market expertise, technological excellence and vision for the future.”

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

Supporting Resources

· The OpenPages blog

· The OpenPages Twitter channel

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. For more information, please visit www.openpages.com.

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

Gareth Williams
Harvard Public Relations
+44 208 759 0005
Gareth.Williams {at} harvard.co(.)uk

[1] Celent “Enterprise Operational Risk Management Compliance, and Governance Solutions” by Cubillas Ding, et al. September 2009.

[2] Chartis Research “Operational Risk Management Systems 2009 Market Analysis Report,” et al. May 2009.