enterprise GRC management solutions that optimizebusiness performance, today announced that it has been positioned byGartner, Inc. in the leaders quadrant in the "Magic Quadrant for EnterpriseGovernance, Risk and Compliance Platforms" report(1). OpenPages was one offourteen companies that were analyzed in the report which evaluatedgovernance, risk and compliance (GRC) platform providers on their abilityto execute and completeness of vision in the market.For this report, Gartner weighed several criteria to arrive at itsassessment of "Ability to Execute": Product/Service, Overall Viability(Business Unit, Financial, Strategy, and Organization), MarketResponsiveness and Track Record and Customer Experience.
According to the report, "The EGRC platform market is new, but the vendorsin this market have had time to develop their products and strategies inother precursor markets. Because they have developed with a focus oncorporate governance and executive reporting requirements, vendors withexperience in the finance GRCM market have an advantage in the EGRCplatform market." Moreover, "customers will be looking for leaders toprovide additional functionality, such as integration with advancedbusiness intelligence and corporate performance management applications,more-flexible and ad hoc reporting, and more support for the internal auditorganization. They will also expect support across multiple geographies.The large vendors are best positioned for these requirements, yet smallervendors are in the Leaders quadrant because of continued viability,more-advanced functionality and market understanding."
OpenPages' position in the Leaders Quadrant in the Gartner report comes hoton the heels of several significant product achievements. Just this week,OpenPages released the newest solution offering on the OpenPages Platform(version 5.5), OpenPages EHS whichprovides companies with the tools to develop and manage a compliance andrisk management program focused exclusively on managing environmental,health and safety. In June, the company announced that it had received a patent for itsenterprise GRC software. Prior to that, OpenPages introduced its newestplatform offering-- OpenPages 5.5 -- as well as OpenPages Hosting, which provides users with an easy and reliableway to deploy the company's market-leading technology, without costsassociated with installing and managing an in-house solution.
"We are delighted that Gartner has recognized OpenPages' leadership andproven execution in the GRC market globally," said Michael J. Duffy,president and CEO of OpenPages. "Moving forward, OpenPages will continueto innovate with solutions that will change the way companies think aboutGRC and further enhance our market position."
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused withpermission. The Magic Quadrant is a graphical representation of amarketplace at and for a specific time period. It depicts Gartner'sanalysis of how certain vendors measure against criteria for thatmarketplace, as defined by Gartner. Gartner does not endorse any vendor,product or service depicted in the Magic Quadrant, and does not advisetechnology users to select only those vendors placed in the "Leaders"quadrant. The Magic Quadrant is intended solely as a research tool, and isnot meant to be a specific guide to action. Gartner disclaims allwarranties, express or implied, with respect to this research, includingany warranties of merchantability or fitness for a particular purpose.
About OpenPages
OpenPages is the leading provider of enterprise GRC management solutionsthat optimize business performance. OpenPages empowers the world's largestcompanies by unifying governance, risk and compliance (GRC) activitiesacross the enterprise and by incorporating risk management into theireveryday business processes. Market-leading corporations select OpenPagesbecause of its domain expertise and software solutions that seamlesslyadapt to their unique risk management methodologies while providing theflexibility to evolve their governance, risk and compliance processes overtime. Founded in 1996, the company is headquartered in Waltham,Massachusetts, with international offices in Japan and the United Kingdom,and regional offices throughout North America.
For more information on OpenPages' suite of risk and compliance solutions,please call 781-693-5999 or visit www.openpages.com.
(1) Gartner "Magic Quadrants for Enterprise Governance, Risk, AndCompliance Platforms" by French Caldwell, Tom Eid, et al. June 30, 2008.
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