February 8, 2007

Leading Analyst Firm Positions BWise in the Visionaries Quadrant for Finance Governance, Risk and Compliance Management Software

New York, NY, February 8, 2007   

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 Finance Governance, Risk and Compliance Management Software, February 2007, by French Caldwell, Tom Eid. The report analyzes the finance GRC market to assess vendors and products they offer.

According to BWise CTO, Luc Brandts, “Our established, fully integrated risk management solution including process management is the success of our large complex implementations.”

"BWise is very pleased to be positioned in the Visionaries quadrant by Gartner in the Finance Governance, Risk and Compliance Management Software Magic Quadrant," said Robert Pijselman, Chief Executive Officer of BWise. “Today, most companies are still struggling with loads of Microsoft Excel spreadsheets and Visio process diagrams.

While the majority of vendors are focused on streamlining spreadsheets, with BWise’s strong background in process management, our solution is the only true alternative to both Excel and Visio.”

Pijselman continues, “We believe this report underscores the point that a comprehensive risk-based approach to compliance is necessary to achieve full GRC success. We believe that this is best accomplished by the BWise approach that combines compliance with measurable process improvements to reduce risk across the enterprise. We are experiencing strong growth and are profitable in both Europe as well as in North America.”

BWise is a global leader in compliance and enterprise risk management software, with proven solutions to help organizations increase compliance, streamline related business processes and enhance performance. With thirteen years of experience, BWise continues to innovate and improve its solutions to meet growing market demands, with 1,700 software updates in 2006 alone.

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About BWise
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 150,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit http://www.bwise.com.

The Gartner Magic Quadrant is copyrighted Feb. 1, 2007 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.

Media Contacts:

Kim Larkin
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205
Email: klarkin@dlarkin.com

Holly McKee
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3591 • Cell: (202) 386-3960
Email: hmckee@dlarkin.com

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