BWise Cited as a Leader in Governance, Risk and Compliance by One of the Leading Independent Research Firms
New York, NY, March 16, 2006 – BWise, a leading provider of compliance and enterprise risk management software, today announced that it was cited as a Leader in the Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2006, by Michael Rasmussen, with John R. Rymer and Samuel Bright. BWise was one of ten select companies that Forrester invited to participate in the report, evaluated on their current offerings, strategy and market presence. According to the report, “BWise established itself as a Leader in the GRC platform market through its ability to manage and monitor enterprise and operational risks.”
The report gave the highest mark to BWise in the “Market presence” criteria category, which measures the vendors’ financial viability, current installed base, as well as their sales and delivery footprint in the market. BWise also received strong marks under the “Current offering” category, which analyzes the four capability areas of a GRC platform: policy, procedure, and control documentation and communication; risk and control assessment; risk analytics; and loss, event, and investigations management. BWise scored strongly under the “strategy” category as well, which measured the vendors’ product strategy and vision, technology strategy and vision, commitment to research and development, and the breadth of strategic alliances and partnerships.
According to a companion report, BWise Is A Leader In Governance, Risk, And Compliance Platforms, The Forrester Wave™ Vendor Summary, Q1 2006, by Michael Rasmussen with John R. Rymer and Samuel Bright:
BWise was one of a handful of vendors in the Forrester Wave that could demonstrate that a mature installed base uses its platform to manage enterprise risk and compliance across a range of requirements. Many of the other vendors in the Forrester Wave are predominantly SOX-focused and are just now entering the broader GRC platform market…Furthermore, BWise has the most mature offering in establishing and tracking key risk and performance indicators.
"BWise is honored to be named as a Leader by Forrester in the Governance, Risk, And Compliance Platforms Wave Report," said Robert Pijselman, Chief Executive Officer of BWise. “BWise is committed to delivering measurable and sustainable compliance and enterprise risk management results focused on customer success. BWise will work to continually innovate to stay a step ahead of the comprehensive needs of the market and further develop our strategic partner network. We will not only uphold, but continually strengthen, the clear value proposition that Forrester gives us credit for."
# # #
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 125,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. For more information, visit http://www.bwise.com.
D. Larkin & Associates for BWise
Office: (703) 250-3590, Ext. 3406
Cell: (202) 391-5205
For more information on our Risk Intelligence Solutions, contact us.