November 7, 2007

BWise Reports Record Growth and Key Milestones for First Three Quarters of 2007

GRC Solution Vendor Strengthens Market Leadership

New York, NY, ‘s-Hertogenbosch, Netherlands, November 8, 2007 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced record growth and key milestones for the first three quarters of 2007. In response to rapidly expanding market adoption of GRC solutions that take a process-based approach, BWise has continued to expand its infrastructure and product offerings to meet evolving demand, with continually growing validation of its market leadership.

Year to date highlights include:

  • Tripled U.S. revenue – advancing U.S. leadership position
  • Opening of new UK and German offices
  • Partnership expansions with leading best-in-class technology providers and major OEM agreements
  • SAS-70 Type II certification for ASP hosted GRC solution
  • Launch of innovative Web TV series (www.bwise.com)

BWise continues to set industry standards of excellence for GRC in a wide range of sectors worldwide including financial, energy, semi-conductor and government. Continued market growth and development position BWise for a record year in 2007 and beyond. BWise reports significant wins in the United States with exceptional growth percentages for that market. Further wins include renowned customers in the Nordic region, the Benelux, France, Germany, Switzerland and China.

“At BWise, we shape our success by that of our customers,” stated Robert Pijselman, CEO of BWise. “A look at the Web TV series on our site, for example, gives a glimpse into the benefits that our solution has delivered through our market-collaborative approach to GRC. We are enormously pleased with our continued expansion and increasing market adoption that validates our ability to deliver results. In particular, multiple strategic deals in the U.S. GRC market have tripled BWise U.S. revenue. This now positions BWise well into a leading U.S. market position, after being the European leader for several years already. As the market continues to evolve and converge across the entire GRC, regulatory and business process environments, we expect BWise’s differentiation through our roots of process management to continue to shine through.”

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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 175,000 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, United Kingdom, Germany and India. 

Media Contacts:
Kim Larkin
Larkin Communications
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205
Email: klarkin@larkincomm.com
www.larkincomm.com

Holly McKee
Larkin Communications
Office: (703) 250-3590, Ext. 3591 • Cell: (202) 386-3960
Email: hmckee@larkincomm.com
www.larkincomm.com

 

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