January 15, 2009

Press Release

BWise Expands U.S. Offices to Meet Growing Market Requirements for Process-Centric GRC Solution

 New York, NY, Den Bosch, Netherlands, January 14, 2009 – BWise, the leading provider of governance, risk and compliance (GRC) software solutions, announced today that it has expanded its U.S. headquarters with a larger office in New York and increased investments in its sales capabilities on the West Coast. The move to a more spacious facility in the world’s business and financial capital underscores BWise’s market leadership in GRC and the growing demand for process based solutions that foster long term business viability. The expansion comes as a result of securing key customers in strategic sectors such as insurance and finance, and the energy and utilities markets.

In addition, credit rating agencies are putting more pressure on companies to implement and have proper risk management systems in place. Simply using spreadsheets is no longer sustainable. BWise is convinced that auditors will be more cautious due to the recent financial scandals and put more pressure on companies to have GRC programs in place. Given these trends, BWise is confident that together with our growing US customer base, now is the right time to move forward and continue to expand in the United States.

BWise was founded more than fifteen years ago and has continued to grow and innovate to meet the world’s evolving business environment. BWise is recognized as one of the most experienced GRC software vendors, serving customers in 80 countries worldwide. BWise’s process management focus has provided the company with the foundation to continually grow as companies demand solutions that fully integrate international regulatory controls with risk management to fuel business growth.

The new offices are preeminently located in New York on Broadway. In addition to the expanded New York office, BWise also increased its presence on North America by opening an office in Los Angeles.

Robert Pijselman, CEO of BWise said, “The North American market is a very important and strategic region for BWise and we are pleased to have the opportunity to continue to address companies’ requirements for GRC solutions that focus on business processes and growth. We look forward to even greater success as the New Year unfolds and organizations continue to seek ways to foster increased stakeholder confidence through sound GRC policies.”

Contact information for the new BWise office:
1450 Broadway, 38th Floor
New York, NY 10018
Phone: (212) 584-2260
Fax: (212) 730-6918


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