BWise and StateScape Announce Partnership

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NEW YORK, Dec. 3, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, today announced it has entered into a partnership agreement with StateScape. StateScape is a leading provider of legislative and regulatory monitoring services for the US, Puerto Rico and the federal government. This partnership agreement offers BWise financial services customers in North America a best of breed solution to better manage the impact of the constant stream of legislative and regulatory changes.

Integrating StateScape regulatory feeds into BWise, will provide financial services compliance teams with a streamlined solution to quickly respond to regulatory alerts, easily analyze their impact on the existing regulatory framework, decide the appropriate action and assign them to the responsible parties within the organization. Using the BWise GRC platform with integrated StateScape regulatory alerts, enables clients to monitor the company's current state of compliance and track the progress of remedial actions for potential non-compliance.

"BWise is and has always been focused on developing the best-in-industry Governance, Risk Management and Compliance software platform," said Luc Brandts, CTO and Founder, BWise: "With our role-based solutions we provide powerful functionalities for streamlining the end-to-end compliance process. We believe by partnering with the best of industry content providers for regulatory feeds like StateScape, we offer customers a very strong and future-proof answer to the increasing demand for solutions to better manage the impact of the constant stream of changes in regulations."

"By combining StateScape's extensive policy tracking experience with the robust BWise software platform, this partnership presents financial services companies with a powerful and efficient tool for managing risk and compliance activities in an ever-changing regulatory environment," said Lorie Nevares, President and Founder, StateScape.

BWise is a subsidiary of NASDAQ OMX and supports organizations to track, measure and manage key organizational risks with the BWise® GRC Platform. For more information about BWise, please visit www.bwise.com.

About StateScape

Founded in 1991, StateScape is one of the oldest and most experienced legislative and regulatory monitoring and analysis services still in business today. Woman-owned and operated by a veteran of state and local governmental affairs, StateScape serves organizations seeking a competitive edge in government relations and is a resource for clients ranging from Fortune 500 companies and large trade associations to small non-profits and governmental agencies.

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, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For more information, visit www.bwise.com. Follow us on LinkedIn, Facebook and Twitter.

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CONTACT: BWise, a NASDAQ OMX company Clarinda Dobbelaar VP of Marketing +31 73 6464 915 clarinda.dobbelaar@bwise.com www.bwise.com

Source: BWise