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IBM Buys OpenPages

OpenPages will expand IBM's business analytics

IBM is buying OpenPages, a close friend of Sarbanes and Oxley, on undisclosed terms.

An IBM study found risk management and compliance has risen in priority by 93% since 2005 maybe because two out of three companies had encountered material risk events within the past three years.

OpenPages will expand IBM's business analytics. Its software lets mid- to large-sized businesses develop a comprehensive compliance and risk management strategy. It claims 200 clients including Allianz, Barclays and Carnival.

IBM and OpenPages previously partnered to deliver the core data system for the Operational Riskdata eXchange Association (ORX), a consortium of 55 major banks in 18 countries based in Switzerland.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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