OpenPages Positioned in the Leaders Quadrant for 2009 Enterprise Governance, Risk and Compliance Platforms Magic Quadrant
WALTHAM, MA--(Marketwire - August 13, 2009) -
News Facts
-- OpenPages, the leading provider
of integrated risk management solutions for global companies, today
announced it has been positioned by Gartner, Inc. in the leaders quadrant
in the Enterprise Governance, Risk and Compliance Platforms Magic
Quadrant(1) report.
-- OpenPages was one of thirteen companies that were analyzed in the report
which evaluated governance, risk and compliance (GRC) platform
providers on their ability to execute and completeness of vision in the
market.
-- For this report, Gartner weighed several criteria to arrive at its
assessment of "Ability to Execute": Product/Service, Overall Viability
(Business Unit, Financial, Strategy, and Organization), Market
Responsiveness and Track Record, Sales Execution/Pricing, Customer
Experience and Operations.
-- According to the report, "Leaders have proven GRC functionality in all
four primary GRC management (GRCM) functions -- audit management,
compliance management, risk management and policy management -- and they
have executed across several industries with support for multiple
professional roles."
-- The report also states that, "The EGRC platform market is still
evolving, but the vendors in this market have had time to develop their
products and strategies in other precursor markets. Because they have
developed with a focus on corporate governance and executive reporting
requirements, vendors with experience in the finance GRCM market have an
advantage in the EGRC platform market."
-- Additionally, the report notes that, "Customers will be looking for
leaders to provide additional functionality such as support for ERM,
integration with advanced business intelligence and corporate performance
management applications, more-flexible and ad hoc reporting, and more
support for the internal audit organization. They will also expect support
across multiple geographies. The large vendors are best positioned for
these requirements, yet smaller vendors are in the Leaders quadrant because
of continued viability, more-advanced functionality and market
understanding."
Supporting Quote from Michael J. Duffy, President & CEO, OpenPages
-- "We are thrilled to be identified as a leader in the Gartner Magic
Quadrant, and I believe this was based on the strengths of both our
leadership team and our product offerings," said Michael J. Duffy,
president & CEO, OpenPages. "From my perspective, Gartner's positioning
validates our continuing momentum in Enterprise GRC deployments and our
commitment to providing innovative solutions."
Please contact Jessica Sutera to arrange for further quotes regarding this
announcement or to request an interview with an OpenPages executive.
Relevant Links:
About OpenPages
OpenPages is the leading provider of integrated risk management solutions
for global companies. The OpenPages Governance, Risk and Compliance (GRC)
Platform empowers a risk-based approach to identify and manage key business
risks across the enterprise. This approach enables companies to focus on
what's important and to avoid unexpected outcomes while improving
performance. Founded in 1996, the company is headquartered in Waltham,
Massachusetts, with an international office in the United Kingdom, and
regional offices throughout North America. For more information, please
visit www.openpages.com.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 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.
OpenPages is a trademark of OpenPages, Inc. All other trademarks contained
herein are the property of their respective owners.
Technorati Tags:
(1) Gartner "Magic Quadrants for Enterprise Governance, Risk and Compliance
Platforms" by French Caldwell, Tom Eid, Carsten Casper, et al. August 12,
2009.
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