BWise Management and NIBC Principal Investments Acquire BWise Holding B.V.
New York, NY, September 12, 2006 -- The management of BWise together with NIBC Principal Investments announce that they have jointly acquired all outstanding shares of BWise Holding B.V. BWise is a leading provider of compliance and enterprise risk management software. Over the last twelve years, based on a foundation of process management, BWise developed a focus of assisting companies in managing corporate governance issues. This enables BWise to anticipate and provide related assistance with regard to developments in laws and regulations applying to publicly listed companies in several countries (e.g., SOX, Tabaksblat, Basel II and others). The revised ownership structure will enable BWise to further develop its growth strategy, with expanded product positioning and internationalization as key focus areas.
According to Robert Pijselman, CEO of BWise, “Through our joint investment strategy with NIBC, BWise is strengthening its international presence. The software is currently used in more than 80 countries, primarily by medium-sized to large enterprises, and this will enable us to take our innovative solution to even more customers worldwide.”
“In NIBC Principal investments we find a partner that combines a good, solid reputation with entrepreneurship and proven leadership,” stated Luc Brandts, CTO and founder of BWise: “This buy-out is a strategic step forward in the twelve-year history of BWise. In the last two years we have doubled our revenues and the number of personnel, while remaining profitable. Now, it is time to expand our global market presence.”
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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 150,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit http://www.bwise.com.
About NIBC Principal Investments
NIBC Principal Investments offers mezzanine and private equity financing to companies in North Western Europe and builds effective partnerships with her clients. Principal Investments operates as an independently controlled fund, but at the same time manages valuable relationships with other Strategic Business Units within NIBC. NIBC is a merchant bank focusing on the mid-cap segment in North Western Europe. The business model of NIBC aims at offering innovative corporate finance, risk management and wealth management solutions. The current client base exists of companies, financial institutions, financial sponsors, institutional investors and family offices. NIBC has offices in The Hague, London, Brussels, Frankfurt, New York and Singapore.
D. Larkin & Associates for BWise
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