OpenPages Continues Reign as Leader in Risk and Compliance Market

WALTHAM, MA -- (MARKET WIRE) -- 07/20/09 --
News Facts

-- OpenPages, the leading provider of integrated risk management solutions for global companies, today announced another successful quarter driven by new customer wins in the insurance, communications and banking industries, as well as industry accolades.

-- Among the new customers is ICAP, the world's premier voice and electronic interdealer broker and provider of post-trade services and the global enterprise, Bayer AG. In fiscal 2008, Bayer employed 108,600 people and had sales of EUR 32.9 billion. Bayer chose OpenPages to manage its global internal control system over financial reporting. [See release titled, Bayer AG Selects OpenPages FCM].

-- OpenPages received numerous industry accolades in the quarter as well:

- OpenPages earned the highest score for its Current Offering in "The Forrester Wave(TM): Enterprise Governance, Risk, And Compliance Platforms, Q3 2009," Forrester Research, Inc., July 2009. In this evaluation, OpenPages was also cited as a Leader in Enterprise GRC.

- OpenPages was also cited as the global leader in 'compliance monitoring and control' within OpRisk & Compliance's Annual Compliance Software Survey 2009.

- OpRisk & Compliance also named OpenPages as one of the top three vendors in its Operational Risk Software Survey 2009.

-- OpenPages demonstrated strong thought leadership in the first half of 2009. In June, OpenPages unveiled its 10 Best Practices for Success in the New Era of Risk Management, which detail proactive steps that companies can take to ensure preparedness for future risk and regulatory demands. Additionally, OpenPages participated in several informational webinars with customers and industry experts from Barclays, Carnival Corporation, ORX, Forrester Research, AMR Research, Corporate Integrity and others. Finally, OpenPages executives continued to comment on breaking GRC industry news via the OpenPages Blog and its @openpages Twitter handle.

-- In the first half of 2009, OpenPages also strengthened its own internal expertise, particularly on the sales side, as the organization announced Matt Park as vice president of sales in May 2009.

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@openpages closes first half 2009 with new customer wins and #GRC industry accolades http://bit.ly/rTq5P

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

-- "The recognition from the GRC end-user and industry analyst community of our leadership position is incredibly rewarding for everyone at OpenPages. We are so grateful to have the opportunity to work with such impressive global customers who are blazing the trail using OpenPages GRC platform to improve their approach to risk management and to gain a competitive advantage in their businesses. 2009 continues to be a banner year for the company and we look forward to continued success in the second half of the year."

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

Relevant Links: OpenPages Blog

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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.

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