NEW YORK and S-HERTOGENBOSCH, Netherlands, Jan. 24, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, announced today that it was selected by Sanoma Corporation, a leading European consumer and learning media group. The company selected BWise to support it with their internal control and internal audit processes. With the BWise GRC Platform in place for internal control and internal audit, Sanoma is able to streamline its processes and work more efficiently through the use of one single integrated system.
As a consumer and learning media company, Sanoma brings information, experiences, education and entertainment to millions of people. The group employs nearly 11,000 professionals in twenty countries. In 2011, the group's restated net sales totaled EUR 2.4 billion. Sanoma shares are listed on the NASDAQ OMX exchange in Helsinki, Finland.
Robert Pijselman, CEO of BWise, said, "Sanoma selected BWise due to our combination of a straight forward, down to earth and rapid implementation approach. We advise companies that start on a GRC journey to articulate a vision, but start with a tactical approach that helps them to quickly gain benefits in optimizing the current protocols around governance, risk and compliance. After delivering the first successes we then further execute on our plan to lower the cost of compliance, while enhancing the overall visibility on opportunities and risks that the company faces."
BWise, recently acquired by NASDAQ OMX, is expanding its market share in the Nordic countries with its market leading integrated GRC solution. As part of NASDAQ OMX Corporate Solutions, the integrated BWise GRC platform supports C-level executives and boards of directors to be in control of their financial and reputational risks while working more efficiently.
Marcel Starink, VP Sales at BWise, said, "I'm very proud of the increasing number of Nordic companies choosing BWise as their preferred integrated GRC software solution. We believe there is one version of the truth at businesses, where organizations achieve their strategic objectives faster and with a risk appetite that is clearly understood by all stakeholders, supporting them on their GRC Journey to achieve more transparency by providing superior technology and best in class services."
BWise, a NASDAQ OMX Company is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers a truly integrated and proven GRC platform.
With this platform, BWise supports an organization's ability to track, measure, and manage key organizational risks in one integrated system. By doing so, BWise helps customers to truly be in control by sustainably balancing their performance and financial and reputational risks. BWise enables customers to increase corporate accountability; strengthen financial, strategic and operational efficiencies, maximize performance, and better understand risks. Using BWise, organizations are able to comply with regulations such as Sarbanes-Oxley, ISAE3402/SAS-70, PCI, Solvency II, Basel II and III, Dodd-Frank, Anti Bribery Act, FCPA, ISO-standards, European Corporate Governance Codes and many more.
BWise provides for the GRC needs of hundreds of customers worldwide, across all industries. Customers include adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. BWise has offices in the Netherlands, United States, Germany, Sweden, France, the United Kingdom and South Africa. For more information, visit www.bwise.com.
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CONTACT: BWise, a NASDAQ OMX company
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