July 2, 2008

Press Release

Leading Analyst Firm Positions BWise in the Visionaries Quadrant for Enterprise Governance, Risk, and Compliance Platforms Magic Quadrant, 2008


New York, NY, July 2, 2008 – BWise, a leading provider of Governance, Risk and Compliance (GRC) software solutions, today announced that Gartner, Inc., a leading industry analyst firm, has positioned BWise in the Visionaries quadrant in the “Magic Quadrant for Enterprise Governance, Risk, and Compliance Platforms” by French Caldwell, Tom Eid. The report analyzes the market for Enterprise GRC Platforms and its “evolution from a focus on regulatory compliance to include risk management, audit management, and policy management. It is dominated by best-of-breed vendors.”

According to BWise CTO, Luc Brandts, “As we believe this report reaffirms, BWise’s market leading approach to GRC has been shaped by our focus on processes that tie together the core functions of regulatory compliance, risk, audit and policy management through an established market-driven platform. Our business process management capabilities enable mapping of processes against risks and controls to produce tangible business process improvements.”

“We think being placed in the Visionaries quadrant by Gartner in the Magic Quadrant for Enterprise Governance, Risk, and Compliance Platforms underscores our commitment to GRC leadership and excellence,” said Robert Pijselman, Chief Executive Officer of BWise. “Companies today are looking for a solution that is holistic in its approach and offers an enterprise-wide view to GRC. This has been BWise’s vision since our inception in 1994.”
According to the report, “Visionaries have a solid understanding of the market as demonstrated by domain expertise and responsiveness to their customers' expectations. They are actively executing against an aggressive product road map that expands support to additional regulatory and non-regulatory compliance and risk management needs.”

In related news, BWise was also placed in the Gartner Magic Quadrant for Operational Risk Management Software for Financial Services by Douglas McKibben, David Furlonger, June 6, 2008. This report analyzes how “the use of ORM software by financial services firms requires capabilities beyond generic audit, control and compliance applications. In addition to qualitative self assessment capabilities, leading institutions are seeking solutions that support quantitative, performance-based models.”

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 services, energy, semi-conductor and manufacturing continue to rely on BWise for GRC solutions backed by solid best practices that solve real world problems and deliver measurable, bottom-line results.

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The Gartner Magic Quadrant is copyrighted 2008 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

 

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