January 31, 2008

Press Release

BWise Solidifies Position as a Market Leader in 2007

Numerous Recognitions and Achievements Reflect Increased Global Demand for Visionary GRC Solution

New York, NY, ‘s-Hertogenbosch, Netherlands, January 31, 2008
BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced 2007 results including key achievements, recognitions and record growth. The company’s increasing position as a global leader is situating BWise for another highly successful year in 2008.

2007 highlights include:

  • Named by Forrester Research as “the frontrunner in overall GRC capabilities” in the Forrester Wave™: Enterprise Governance, Risk and Compliance Platforms, Q4 2007 (December 2007)
  • Increased license revenue in the U.S. 264%
  • Increased EMEA (Europe, Middle East, Africa) revenue by more than 200%
  •  Maintained profitability for more than 6 years in a row, with double digit Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2007
  • Grew global staff by 23%
  • Doubled professional services organization
  • Opened new UK and German offices, with larger headquarter office opening in January 
  • Expanded partnerships with leading best-in-class technology providers and major OEM companies
  • Achieved SAS-70 Type II certification for ASP hosted GRC solution
  • Launched innovative Web TV series (www.bwise.com)

BWise continues to develop and deliver marketing leading GRC solutions shaped by a collaborative process with customers and partners. Leading global businesses from a diverse range of industries including financial, energy, semi-conductor and government continue to rely on BWise for GRC solutions backed by solid best practices that solve real world problems and deliver measurable, bottom-line results.

“The BWise team could not be more pleased with our record of excellence in 2007 shaped by key analyst and industry recognitions that reaffirm our market leadership,” stated Robert Pijselman, CEO of BWise. “Our customers, our greatest asset, tell us again and again that there is simply no other solution in the market that takes such a solid, process-oriented approach to GRC. Working together, we are enabling them to achieve results that have the capability to transform the entire organization into a more streamlined and efficient business. We look forward to a highly successful 2008 that goes beyond our significant accomplishments last year, helping to take the entire GRC industry to new levels of excellence.”

 

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