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NASDAQ OMX's BWise and Atheeb NetSol Agree to Partnership

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NEW YORK, RIYADH, Saudi Arabia and DEN BOSCH, Netherlands, Aug. 14, 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 Atheeb NetSol Saudi Company Limited (Nasdaq:NTWK), a leading IT Solutions & Services Company in the Kingdom of Saudi Arabia and a NASDAQ-listed company. This partnership agreement offers BWise customers in Saudi Arabia local support and implementation resources for the BWise® GRC platform.

Atheeb NetSol and BWise will join forces in selling, implementing and supporting the BWise integrated enterprise GRC software platform which enables clients to significantly improve business performance, manage financial and reputational risks and ensure compliance.

"Saudi Arabia is a growing IT-based marketplace where we have recently seen investments focused toward improving business processes as well as enabling business functions through information technology," said Zahid Mirza, Chief Executive Officer, Atheeb NetSol. "Joining forces with BWise will help us provide a complete solution for the necessary governance, risk management and compliance solutions to different segments of local industries. We have long-term business plans to develop business jointly and to work to provide our skills in consulting, system implementation and support with BWise."

"Further development of the Saudi Arabian market is a strategic direction for BWise," said Rob van Straten, Senior Vice President of Sales, BWise. "The partnership with Atheeb NetSol will further enable BWise to engage with new clients in the region, while also increasing the capacity to support our existing customers to help them expanding the BWise platform they have implemented in to other areas of use. Partnering and working with Atheeb NetSol is very valuable as they have an excellent reputation as a provider of professional services to enterprises in Saudi Arabia. Their high level of integrity and entrepreneurial approach are an ideal fit with the BWise values."

BWise was acquired by NASDAQ OMX in 2012 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 Atheeb NetSol

Atheeb NetSol Saudi Company Limited is a Joint Venture between the Atheeb Group, a large business conglomerate based in the Kingdom of Saudi Arabia, and NetSol Technologies, Inc., a US multinational company providing IT solutions and services to global customers. It combines Atheeb Group's significant and diversified presence in the Middle East with NetSol's mature and highly skilled IT delivery capability and global footprint.

ANSCL combines its in-depth domain expertise with its offshore development strength, to deliver world class IT services and solutions that are most cost effective for its customers in different sectors, from industries including finance, insurance, banking, telecom, health, government, defense and manufacturing. For more information, visit http://www.atheebnetsol.com

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, LeapFrog, 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 Marketing Clarinda.dobbelaar@bwise.com +31 (0)73 6464915 www.bwise.com

Source: BWise