August 14, 2013

BWise News

NASDAQ OMX's BWise and Atheeb NetSol Agree to Partnership

Offering best-of-industry Governance, Risk Management and Compliance software and services to Saudi Arabia

New York, NY, Riyadh, Saudi Arabia and Den Bosch, Netherlands, August 14, 2013 – BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, today announced it has entered into a partnership agreement with Atheeb NetSol Saudi Company Limited (NASDAQ: NTWK), a leading IT Solutions & Services Company in the Kingdom of Saudi Arabia and a NASDAQ-listed company. This partnership agreement offers BWise customers in Saudi Arabia local support and implementation resources for the BWise® GRC platform.

Atheeb NetSol and BWise will join forces in selling, implementing and supporting the BWise integrated enterprise GRC software platform which enables clients to significantly improve business performance, manage financial and reputational risks and ensure compliance.

“Saudi Arabia is a growing IT-based marketplace where we have recently seen investments focused toward improving business processes as well as enabling business functions through information technology,” said Zahid Mirza, Chief Executive Officer, Atheeb NetSol. “Joining forces with BWise will help us provide a complete solution for the necessary governance, risk management and compliance solutions to different segments of local industries. We have long-term business plans to develop business jointly and to work to provide our skills in consulting, system implementation and support with BWise.”

“Further development of the Saudi Arabian market is a strategic direction for BWise,” said Rob van Straten, Senior Vice President of Sales, BWise. “The partnership with Atheeb NetSol will further enable BWise to engage with new clients in the region, while also increasing the capacity to support our existing customers to help them expanding the BWise platform they have implemented in to other areas of use. Partnering and working with Atheeb NetSol is very valuable as they have an excellent reputation as a provider of professional services to enterprises in Saudi Arabia. Their high level of integrity and entrepreneurial approach are an ideal fit with the BWise values.”

BWise was acquired by NASDAQ OMX in 2012 and supports organizations to track, measure and manage key organizational risks with the BWise® GRC Platform.

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About Atheeb NetSol
Atheeb NetSol Saudi Company Limited is a Joint Venture between the Atheeb Group, a large business conglomerate based in the Kingdom of Saudi Arabia, and NetSol Technologies, Inc., a US multinational company providing IT solutions and services to global customers.. It combines Atheeb Group’s significant and diversified presence in the Middle East with NetSol’s mature and highly skilled IT delivery capability and global footprint.

ANSCL combines its in-depth domain expertise with its offshore development strength, to deliver world class IT services and solutions that are most cost effective for its customers in different sectors, from industries including finance, insurance, banking, telecom, health, government, defense and manufacturing. For more information, visit http://www.atheebnetsol.com

 

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