OpenPages, the leading provider of enterprise risk management solutions that optimize business performance, announced today that for the first three quarters of 2007 their revenues for the enterprise risk management (ERM) business grew by over 100% worldwide, as compared to the same time period last year.
OpenPages enterprise risk management solutions help companies manage multiple risk and compliance initiatives on a single, integrated technology platform.
Demand for OpenPages ERM solutions was strong across all regions and resulted in several significant competitive wins in the US, Japan and UK markets. In EMEA, OpenPages' ERM business more than tripled over the prior year. In the US, OpenPages closed several deals worth more than $1 million. The company also announced today additional customer wins in the US: Delek, Metals USA, and Scientific Games. These customers and others are managing a variety of risk and compliance initiatives on the OpenPages platform, including operational risk, industry compliance, IT risk and compliance, and financial controls management.
Fueling OpenPages global momentum is its ability to deliver its solutions in several native languages. OpenPages offers its solutions in multiple languages, including English, German, Japanese, French, and Spanish. As a result, companies can manage risk and regulatory compliance initiatives in native languages locally on a single system deployed globally for a unified view of risk status.
"We are very pleased with our results to date for 2007," said Michael J. Duffy, President & CEO of OpenPages. "We are partnering with the world's leading companies to provide strategic solutions for enterprise risk management. Our unique value proposition combines deep domain expertise and powerful software solutions that adapt to our customers' unique risk management methodologies, without custom code. Our year-to-date results coupled with the many industry accolades received in 2007 substantiate our position as the leading provider of enterprise risk management solutions."
Release of the company's third, fourth and fifth technology modules - OpenPages ITG, OpenPages GCM and OpenPages Audit - to round out OpenPages' solutions for enabling customers to apply an integrated approach to managing risk throughout the entire organization