DGAP-News: NASDAQ OMX's BWise and Atheeb NetSol Agree to Partnership


BWise 

14.08.2013 10:04
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Offering Best-of-Industry Governance, Risk Management and Compliance Software
and Services to Saudi Arabia 

NEW YORK, RIYADH, Saudi Arabia and DEN BOSCH, Netherlands, 2013-08-14 10:04
CEST (GLOBE NEWSWIRE) --
BWise, a NASDAQ OMX company and the leading provider of enterprise Governance,
Risk Management and Compliance (eGRC) software, today announced it has entered
into a partnership agreement with Atheeb NetSol Saudi Company Limited
(Nasdaq:NTWK), a leading IT Solutions & Services Company in the Kingdom of
Saudi Arabia and a NASDAQ-listed company. This partnership agreement offers
BWise customers in Saudi Arabia local support and implementation resources for
the BWise(r) GRC platform. 

Atheeb NetSol and BWise will join forces in selling, implementing and
supporting the BWise integrated enterprise GRC software platform which enables
clients to significantly improve business performance, manage financial and
reputational risks and ensure compliance. 

'Saudi Arabia is a growing IT-based marketplace where we have recently seen
investments focused toward improving business processes as well as enabling
business functions through information technology,' said Zahid Mirza, Chief
Executive Officer, Atheeb NetSol. 'Joining forces with BWise will help us
provide a complete solution for the necessary governance, risk management and
compliance solutions to different segments of local industries. We have
long-term business plans to develop business jointly and to work to provide our
skills in consulting, system implementation and support with BWise.' 

'Further development of the Saudi Arabian market is a strategic direction for
BWise,' said Rob van Straten, Senior Vice President of Sales, BWise. 'The
partnership with Atheeb NetSol will further enable BWise to engage with new
clients in the region, while also increasing the capacity to support our
existing customers to help them expanding the BWise platform they have
implemented in to other areas of use. Partnering and working with Atheeb NetSol
is very valuable as they have an excellent reputation as a provider of
professional services to enterprises in Saudi Arabia. Their high level of
integrity and entrepreneurial approach are an ideal fit with the BWise values.' 

BWise was acquired by NASDAQ OMX in 2012 and supports organizations to track,
measure and manage key organizational risks with the BWise(r) GRC Platform. For
more information about BWise, please visit www.bwise.com. 

About Atheeb NetSol

Atheeb NetSol Saudi Company Limited is a Joint Venture between the Atheeb
Group, a large business conglomerate based in the Kingdom of Saudi Arabia, and
NetSol Technologies, Inc., a US multinational company providing IT solutions
and services to global customers. It combines Atheeb Group's significant and
diversified presence in the Middle East with NetSol's mature and highly skilled
IT delivery capability and global footprint. 

ANSCL combines its in-depth domain expertise with its offshore development
strength, to deliver world class IT services and solutions that are most cost
effective for its customers in different sectors, from industries including
finance, insurance, banking, telecom, health, government, defense and
manufacturing. For more information, visit http://www.atheebnetsol.com 

About BWise

BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk
Management and Compliance (GRC) software. Based on a strong heritage in
business process management, the BWise(r) GRC platform provides companies with
highly-rated, proven software solutions for Risk Management, Internal Control,
Internal Audit, Compliance & Policy Management, IT GRC and Sustainability
Performance Management. 

BWise's end-to-end solutions support an organization's ability to understand,
track, measure, and manage key organizational risks. BWise helps companies
truly be in control by balancing performance with their financial and
reputational risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and the UK
Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes,
ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank,
ISO-standards, and many more. 

BWise sales, service and support offices around the globe provide for the GRC
needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold
Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog,
Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For
more information, visit www.bwise.com. Follow us on LinkedIn, Facebook and
Twitter. 

More information

Click here to view our news room for more information about BWise


         CONTACT: BWise, a NASDAQ OMX company
         Clarinda Dobbelaar
         VP Marketing
         Clarinda.dobbelaar@bwise.com
         +31 (0)73 6464915
         www.bwise.com
News Source: NASDAQ OMX



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