BWise Positioned in Leaders Quadrant of the 2012 Magic Quadrant for
Enterprise Governance, Risk and Compliance (GRC) Platforms
New York, NY and ‘s-Hertogenbosch, Netherlands, October 8, 2012 – BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, announced today that it is positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms in Gartner’s October 4, 2012 report by French Caldwell and John Wheeler. Nineteen companies are positioned in the report based on an evaluation of “completeness of vision” and “ability to execute.”
The Gartner Magic Quadrant report states, “The EGRC platform market derives from the need for many entities to improve the oversight of corporate governance — including financial reporting compliance, ERM and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRCM needs associated with corporate governance, and also enable an enterprise to pursue consolidation and integration of a diverse set of operational, IT, legal and finance GRC activities.”
Momentous change and growth for BWise
BWise CEO Robert Pijselman said, “BWise is honored to be positioned in the EGRC Leaders Quadrant. We believe it recognizes our consistent growth and development and our reliable teams who are executing well against our strategies. While we are very proud of our position this year, we are even more enthused about the potential for years ahead due to our recent acquisition by the NASDAQ OMX Group.”
Mr. Pijselman added, “BWise was acquired by NASDAQ OMX and is part of a comprehensive solution set addressing customer needs in governance, risk management, investor relations, board management and compliance. We can leverage NASDAQ OMX strengths for exceptional growth. Their considerable resources, global footprint, extensive brand recognition and products and services add enormous strength to ours in sales, service and consultancy.”
According to the report, “Most enterprises are also looking for solutions that support their strategies for more controls automation, including reporting from CCM of ERP and other controls automation in the IT infrastructure that can be integrated into the EGRC platform. As a consequence, a trend of the convergence of CCM with the EGRC platform is emerging, and there is also a slow trend toward the convergence of IT GRCM and EGRC platform solutions. Some EGRC platform vendors are also starting to add content and capabilities to meet industry-specific operational GRC needs, such as Basel II/III, Solvency II, EH&S compliance, healthcare compliance, and NERC/FERC compliance. Overall, EGRC platform vendors are adding capabilities across a wide spectrum of financial, IT, operational and legal needs."
Maximum Control of Risks
Luc Brandts, CTO and Founder of BWise, said, “For more than eighteen years, BWise has worked to assist organizations to track, measure and manage their key organizational risks. We are very pleased to be in the Gartner Leaders Quadrant. BWise has remained focused on innovation, helping businesses to manage their complex tasks. With the addition of NASDAQ OMX resources we will continue to execute our advanced product development roadmap to create an unparalleled customer proposition in Governance and complement our strong Risk Management and Compliance offering.”
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner Research "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell and John Wheeler, October 4, 2012.
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