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IBM to acquire OpenPages |
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IBM plans to acquire OpenPages, a privately-held company based in Waltham, MA that provides software to help identify and manage risk and compliance activities across the enterprise through a single management system. Financial terms were not disclosed. The acquisition will advance IBM's business analytics strategy to help businesses address these complex enterprise-wide risk management and compliance challenges, the company said in a statement.  OpenPages software allows businesses to develop a comprehensive compliance and risk management strategy across a variety of domains including operational risk, financial controls management, IT risk, compliance and internal audits. The result is an aggregated, enterprise-wide picture of all exposures, helping CFOs and CIOs understand how these risks can impact the organization's future performance. The company is said to have over 200 clients across various industries, including some of the world's largest financial services and energy and utilities businesses. IBM said that OpenPages client and partner investments in existing IBM and OpenPages technologies will be preserved, allowing customers to take advantage of the broader set of capabilities without the need to replace existing systems. The company would be integrated with IBM's business analytics software portfolio upon closing of the transaction. |
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