Southern Company Chooses BWise for Sarbanes Oxley Compliance
New York, NY, February 9, 2006 – BWise, a leading provider of compliance and enterprise risk management software, today announced that Southern Company (NYSE:SO), one of the largest producers of electricity in the United States, has chosen BWise to support its Sarbanes-Oxley compliance efforts. The BWise solution will be implemented at the corporate level and across Southern Company’s regulated utilities including Alabama Power, Georgia Power, Gulf Power, and Mississippi Power; and its wireless communications and fiber optics businesses.
As a leading U.S. producer of electricity, Atlanta-based Southern Company serves approximately 4 million customers and has more than 500,000 shareholders. The BWise compliance software will assist Southern Company in meeting and tracking a number of Sarbanes Oxley compliance requirements across its corporate enterprise and numerous businesses. BWise is a global leader in compliance and enterprise risk management software, with proven solutions to help organizations increase compliance, streamline related business processes and enhance performance.
“BWise is pleased to have the opportunity to help Southern Company meet its Sarbanes-Oxley compliance objectives,” said Robert Pijselman, Chief Executive Officer of BWise. “With BWise, Southern Company can establish an easy-to-use and scalable system for streamlining governance efficiencies across its expansive network of utilities and related businesses.”
“Southern Company was looking for a solution to not only facilitate Sarbanes-Oxley compliance, but to enable us to realize tremendous business benefits in the process,” stated Dean Hudson, comptroller, chief financial officer and senior vice president of Southern Company Services. “BWise provides just such a solution.”
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 www.bwise.com.
About Southern Company
With more than 4 million customers and more than 40,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are 15 percent below the national average. Southern Company has been ranked the nation's top energy utility in the American Customer Satisfaction Index six years in a row. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at www.southerncompany.com.
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