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 newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags managementOpenPagesIBMNetworkinginfrastructure managementNetwork managementsoftwaresystem management

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 Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?