Independent Research Firm Names BWise as the Frontrunner in Overall GRC Capabilities
According to the report, “BWise demonstrated the strongest overall offering with [others] rounding out the Leaders category”
New York, NY and ‘s-Hertogenbosch, Netherlands, December 21, 2007 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced that it was cited as “the frontrunner in overall GRC capabilities” in the Forrester Wave™: Enterprise Governance, Risk and Compliance Platforms 2007, by Chris McClean and Michael Rasmussen with Alissa Dill and Jonathan Penn. BWise was one of 15 select companies that Forrester invited to participate in the report, evaluated on their current offerings, strategy and market presence. According to the report, “BWise demonstrated the strongest overall offering with [others] rounding out the Leaders category.”
The report went on to describe BWise: “This platform demonstrated a very impressive range of capabilities, and BWise was the only vendor to offer strong functionality for corporate governance in addition to risk management and compliance. BWise has also incorporated extensive business process management technology, which customers have found to be a valuable complement to their GRC programs. For overall current offering, BWise demonstrated the greatest breadth and depth of GRC functionality…The company’s product vision and ability to address requirements for the broad roles of governance, risk, and compliance also earned it one of the highest scores in market strategy.”
"We at BWise are extremely proud of our position as the frontrunner in overall GRC capabilities in the Forrester Wave: Enterprise Governance, Risk and Compliance Platforms 2007,” stated Luc Brandts, CTO and Founder of BWise. “I would like to thank the BWise team and all BWise customers for helping to make this happen. The breadth of the BWise technology platform, combined with our proven ability to execute within numerous industries across the globe, underscores the vision we have for customer success. This honor truly feels like winning an Olympic Gold Medal for innovation and strength of performance.”
According to the report, “No longer are governance, risk, and compliance the exclusive domains of those trying to solve the Sarbanes-Oxley (SOX) riddle. Organizations in all industries have matured their perspectives on GRC and are expanding their initiatives to encompass an integrated and enterprise view of risk and compliance.”
BWise, active in the GRC market since 1994, with a process centric approach, applauds this perspective and considers it a key factor for success. BWise has a rapidly growing customer base across Europe, Northern America and Asia with users in all five continents.
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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 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. For more information, visit http://www.bwise.com.