BWise Recognizes Nielsen Company with Customer Innovation Award
Inaugural Annual Award Underscores Business Value in Risk-Based Approach to Compliance
New York, NY….February 14, 2007 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced that it has awarded The Nielsen Company the BWise Customer Innovation Award for its vision and dedication to its governance, risk and compliance initiative.
The award will be given each year to select companies based on a specific set of GRC criteria. To be eligible for the BWise Customer Innovation Award, a company must be using a risk-based approach for its compliance initiative; demonstrate that it is at the forefront of technological trends in the GRC market; have a vision beyond the scope of Sarbanes-Oxley (SOX); and have an enterprise-wide focus and implementation. The Nielsen Company excelled in all four of these areas by implementing a comprehensive, risk-based approach to compliance across their enterprise – for initial efforts around compliance with Tabaksblat (the Dutch Corporate Governance Code), current efforts on SOX compliance, as well as operational risks. In addition, Nielsen has remained committed to technological leadership as the company continues to evolve its GRC infrastructure since the initial BWise implementation in 2004.
By working with BWise, The Nielsen Company has established an industry leading risk-based compliance platform that is driving the effort to reach full Sarbanes Oxley compliance.
“BWise is pleased to honor The Nielsen Company with the Customer Innovation Award,” stated Robert Pijselman, Chief Executive Officer of BWise. “Nielsen has proven to be a leader in its industry and we commend them for their corporate-wide achievement in establishing an innovative, thought-leading GRC initiative.”
“We are honored to receive the Customer Innovation Award from BWise as we continue to develop our risk-based compliance approach,” said Peter Newton, Vice President, Internal Controls, of The Nielsen Company. “We are dedicated to continuing our efforts to be fully compliant with Sarbanes-Oxley and other key regulations and consider BWise an important partner in this endeavor.”
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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 The Nielsen Company
The Nielsen Company is a global information and media company with leading market positions and recognized brands in marketing information (ACNielsen), media information (Nielsen Media Research), business publications (Billboard, The Hollywood Reporter, Adweek), trade shows and the newspaper sector (Scarborough Research). The privately held company has more than 42,000 employees and is active in more than 100 countries, with headquarters in Haarlem, the Netherlands, and New York, USA.
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