IBM to acquire OpenPages

IBM is acquiring OpenPages, a privately-held company that makes software designed to help companies simplify risk management and corporate compliance activities. Terms of the deal were not disclosed.

IBM is acquiring OpenPages, a privately-held company that makes software designed to help companies simplify risk management and corporate compliance activities. Terms of the deal were not disclosed.

OpenPages' software aggregates data pertaining to compliance and risk management (including operational risk, financial controls management, IT risk and internal audits) to create an enterprise-wide view of where a company is exposed and how risks might impact future performance.

The software can highlight inconsistencies in risk and performance goals. For example, a manufacturer with aggressive revenue goals for an emerging market may risk noncompliance with regional regulations or cost overruns associated with doing business in a remote location. The OpenPages software would give an aggregate view of the business opportunities and risks associated with the expansion, IBM says.

IBM's recent study of 1,900 global CFOs and senior finance leaders found that two out of three companies encountered material risk events within the past three years. Survey respondents indicated risk management has risen in priority by 93 per cent since 2005.

OpenPages, based in Waltham, Mass., will become part of IBM's business analytics software portfolio. Over the past four years, IBM has invested more than $11 billion in its business analytics software and services business, which experienced 14 per cent revenue growth in the second quarter of 2010. Among the companies it has acquired in this area are: Cognos, Coremetrics, Guardium and Unica.

"Unforeseen risk can hurt a company's bottom line as well as its brand reputation,” said Rob Ashe, general manager for business analytics at IBM, in a statement. "Integrating risk management systems across once-divided units and functions is essential to seeing the bigger picture."

OpenPages has more than 200 customers, including Allianz, Barclays, Carnival Corporation, Duke Energy and SunTrust.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags managementOpenPagesIBMNetworkinginfrastructure managementNetwork managementsoftwaresystem management

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ann Bednarz

Network World
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?