NEW YORK and DEN BOSCH, Netherlands, Oct. 3, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX Group, Inc. company (Nasdaq:NDAQ) and a global leader in Governance, Risk Management and Compliance (GRC) software, is pleased to announce that it is once again positioned in the Leaders Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms in Gartner's September 24, 2013 report by French Caldwell and John A. Wheeler. Just 16 companies across the globe are positioned in the report based on an evaluation of "completeness of vision" and "ability to execute."
The Gartner Magic Quadrant report states, "The GRC market is nine years old, and buyers have high expectations for the performance of GRC solutions against a wide variety of use cases. Differentiation today is about the ability to deliver against multiple use cases, and provide advanced risk management functionality, with analysis of the impact of risks on strategic objectives and business performance, domain expertise in multiple highly-regulated industries, ease of use — including mobile capabilities — and configurability."
"We are proud to see industry-leading recognition for BWise's vision and ability to execute," said Lars Ottersgard, Senior Vice President, Market Technology, NASDAQ OMX. "At NASDAQ OMX we are motivated by a strong desire to help our companies be more transparent, strategic and efficient. We see GRC as a key indicator of business performance and stability."
NASDAQ OMX acquired BWise in 2012 to offer best-in-class governance, risk and compliance solutions to public and private companies that deal with ever-increasing regulations and, subsequently, greater exposure to risk. The alignment of BWise's GRC platform with NASDAQ OMX products such as NASDAQ OMX's premium board portal and media monitoring solutions, as well as the company's market surveillance platform for brokers, exchanges and regulators, has created a new generation of GRC solutions that enable companies to be in control of their reputational and financial risks.
According to the report, "Specifically, as GRC adapts to social, third-party monitoring and operational technology requirements, the volume of use cases will expand beyond what is reasonable to be included directly on the platform. With the proliferation of use cases, the platform will need to integrate with many more external data sources and applications, thus reversing what has been the evolution during the past six years to support most GRC use cases directly on the platform."
"For almost twenty years, BWise has assisted organizations to track, measure, and manage their key organizational activities, which enable them to continuously balance performance and risk," said Luc Brandts, BWise, CTO and Founder. "We believe that the continuation of the positioning of BWise in the Leaders Quadrant is a reflection of how we have evolved and expanded; especially integrating select NASDAQ OMX solutions and continuing to realize our vision."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner Research "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell and John A. Wheeler, September 24, 2013.
About BWise
BWise, a NASDAQ OMX company, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers a truly integrated and proven GRC platform.
With this platform, BWise supports an organization's ability to track, measure, and manage key organizational risks in one integrated system. By doing so, BWise helps customers to truly be in control by sustainably balancing their performance and financial and reputational risks. BWise enables customers to increase corporate accountability; strengthen financial, strategic and operational efficiencies, maximize performance, and better understand risks. Using BWise, organizations are able to comply with regulations such as Sarbanes-Oxley, ISAE3402/SAS-70, PCI, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, European Corporate Governance Codes and many more.
BWise provides for the GRC needs of hundreds of customers worldwide, across all industries. Customers include adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. BWise has offices in the Netherlands, United States, Germany, France and the United Kingdom. For more information, visit www.bwise.com.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook ( http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about BWise and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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