Nasdaq Positioned as a Leader in Gartner’s 2015 Magic Quadrant for Operational Risk Management solutions for its BWise GRC Platform
New York, January 7, 2016 – Nasdaq (Nasdaq: NDAQ) (Nasdaq: NDAQ) has been positioned in the ‘Leaders’ Quadrant in Gartner’s December 2015 Magic Quadrant for Operational Risk Management Solutions for BWise, its leading Governance, Risk Management and Compliance (GRC) software.
The annual report evaluates the offerings of thirteen leading vendors in this space from around the globe. The companies were analyzed according to their ‘completeness of vision’ and ‘ability to execute’.
The Gartner Magic Quadrant report states, “GRC software solutions have matured and remain a top business priority for senior executives as we enter the new age of digital business.”
“We are delighted to have been positioned as a leader in the area of operational risk management,” said Peter de Verdier, Head of Nasdaq BWise. “Many of our customers view operational risk management as a cornerstone of their GRC strategy, and often a starting point for their GRC Journey. We have an outstanding track record when it comes to operational risk management projects in a variety of industries, including large institutions in major financial centers across the world.”
The report goes on to state: “The critical capabilities of ORM solutions center on providing business leaders with a more effective means of assessing risk and control effectiveness, identifying operation risk events, managing remediation efforts and quantifying the associated operational risk exposure across the enterprise.”
Rob van Straten, Global Head of Sales and Delivery, Nasdaq BWise, continued: “Our efforts to enrich the functionality of our software, together with our investment in delivery models, have resulted in a series of high quality implementations delivered on time and within budget. We see being in the highest position in the report for our ‘ability to execute’ as a testimonial of our customers’ satisfaction. This is particularly evident in seeing many of our customers expanding the BWise platform to other GRC areas such as Internal Audit, Compliance and Information Security.”
BWise is part of Nasdaq’s wider GRC offering designed to help organizations, public and private, improve their operational management. Thousands of users in virtually every industry rely on the BWise® GRC Platform to track, measure and manage their reputational and financial risks and support their GRC processes on a daily basis.
For more information, go to www.bwise.com.
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Gartner, Magic Quadrant for Operational Risk Management Solutions, John A. Wheeler, Jie Zhang, 14 December 2015.