NEW YORK, JOHANNESBURG, South Africa and S-HERTOGENBOSCH, Netherlands, Dec. 4, 2012 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, announced today the opening of a new office in Johannesburg, South Africa. Due to the increasing interest shown by South African companies, BWise will further develop the market with its market leading integrated GRC solution.
BWise, recently acquired by NASDAQ OMX, is taking this opportunity to expand its global footprint with its market leading integrated GRC solution. As part of NASDAQ Corporate Solutions, BWise will offer its leading GRC technology to African companies helping them to increase corporate accountability; strengthen financial, strategic and operational efficiencies, maximize performance, and better understand risks.
The GRC market in South Africa is emerging due to its economic development, demand for more transparency and regulated business environment, especially for telecoms, mining, manufacturers, pharmaceuticals and financial services. Companies must keep up with regulations, the latest international best practices and risk management trends. BWise is convinced that its integrated GRC software will support enterprises with their challenges to comply with regulations and reporting requirements to both regulators and stakeholders.
Rob van Straten, Global Head of Sales at BWise, said, "We are very pleased to announce the opening of a new regional office in South Africa. From this office we will cover South Africa and also the emerging continental African countries. Recently, we have received many requests for information and proposals from banks and large enterprises across the African continent. We have recruited a team of seasoned GRC managers and experienced professionals who will engage with our existing and prospective customers in the South African region. Support will be provided by leading risk advisors from the South African subsidiaries of the global partnerships that we have in place. There is a high interest in this region in sophisticated Risk Management, Internal Control, Internal Audit, Compliance and Data Analytics software solutions and combining these initiatives into one integrated GRC platform. In the first offerings to African companies BWise demonstrated the value of its integrated approach, leading to quick and high return on investments while increasing compliance and control over risks. By the establishment of our South African office and team, we will increase our footprint in Africa and demonstrate our long term commitment to this important emerging region."
BWise is positioned in the Leaders Quadrant of the 2012 Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms. Request a complimentary copy of the report.
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® 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.
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