When several prominent industry analysts (Gartner, Chartis and Celent) recently published research on operational risk management
(ORM), a common theme emerged – ORM is a critical and growing discipline; and OpenPages is a leading software provider in this market.
OpenPages was cited as a leading provider of operational risk management software in the Chartis Operational Risk Management Systems 2009 market analysis report. The report states that, “Successful vendors need to be able to assist in the implementation, training and methodological aspects of ORM,” and identifies OpenPages as a company with particularly strong efforts in this area.
Chartis is forecasting the worldwide ORM market will grow at 6.9% to $1.68 billion by 2013. They expect this growth to be fuelled by among other things:
- An increased focus on the benefits of compliance
- The convergence of oprisk, ERM and GRC, and;
- Ongoing demand from emerging markets of Asia, Africa and Latin America.
This month, OpenPages was also recognized as a leading software company in the Enterprise Operational Risk Management Compliance, and Governance Solutions report by independent analyst group, Celent. The report notes that OpenPages is one company that is, “leading the field in terms of depth of functional capabilities.” The report continues that, “OpenPages is particularly strong in its multidomain governance, risk, and compliance management approach.”
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