March 14, 2007

BWise Signs OEM Agreement with Cartesis

Alliance Creates Market Leading GRC and Performance Management

Solution


New York, NY, ‘s-Hertogenbosch, Netherlands, March 14th , 2007
BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced an original equipment manufacturer (OEM) agreement with Cartesis, the world’s leading specialist in finance and performance management software.

Under the terms of the agreement, Cartesis will incorporate the BWise GRC suite into its Cartesis 10 performance management suite, to create Cartesis Governance. Due to be released in May 2007, the new product will provide Cartesis’ global customer base with the framework for more trustworthy and sustainable compliance, allowing organizations to fully align performance and financial management with corporate governance systems. Cartesis Governance will provide support for a range of financial compliance legislation and regulations for various countries including Sarbanes-Oxley, Loi de Sécurité Financière, J-SOX, Tabaksblat, and others. Organizations will be able to more effectively rationalize controls, improve accuracy, simplify processes and gain a cost advantage.

“We are seeing a core shift in the marketplace that is driving the integration of performance management and risk management, as companies seek to approach GRC as an enterprise-wide, business process driven exercise,” stated Robert Pijselman, Chief Executive Officer of BWise. “The combination of the BWise solution with Cartesis underscores this move and provides organizations with a unique opportunity to take mutual advantage of best in class capabilities for both areas. Our OEM agreement with Cartesis is another important indicator of BWise’s comprehensive approach to GRC and growing market leadership.”

“Global regulatory requirements are a fundamental part of doing business today, but now companies are actively looking for ways to better manage the costs and processes associated with financial compliance,” said Didier Benchimol, CEO of Cartesis. “As the leader in financial consolidation and management reporting it makes perfect sense for us to extend our solution to support Finance GRC. Our alliance with Bwise is therefore a natural fit for our product set and will help deliver measurable benefits for our customers, focused on jointly streamlining financial processes while ensuring compliance.”

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About BWise
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.

Media Contacts BWise:
Kim Larkin
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205
Email: klarkin@dlarkin.com
www.dlarkin.com

Holly McKee
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3591 • Cell: (202) 386-3960
Email: hmckee@dlarkin.com

 

 

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