Bentley College and OpenPages, Inc. Form a Corporate Governance Alliance.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 20, 2003 Common Vision of a Comprehensive Enterprise Governance Controls Framework Seen as Key to Corporate Accountabilty OpenPages(R), Inc., a leading provider of Enterprise Governance and Compliance Management solutions, announced today the signing of a letter of understanding with Bentley College Bentley College is located at 175 Forest Street in Waltham, Massachusetts, 10 miles west of Boston. Founded as a school of accounting and finance in Boston's Back Bay neighborhood, Bentley moved to Waltham in 1968 and today is ranked 31 on Business Week's top 100 undergrad , of Waltham, Mass. to enter into a cooperative series of initiatives in the area of Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. automation. Points of synergy include the hosting of OpenPages' Sarbanes-Oxley Express (SOX) product within the Bentley data center. This will support faculty research into the documentation and reporting requirements of the Sarbanes-Oxley Act See SOX. of 2002. In addition, OP will utilize Bentley's Design and Usability Testing Usability testing is a means for measuring how well people can use some human-made object (such as a web page, a computer interface, a document, or a device) for its intended purpose, i.e. usability testing measures the usability of the object. Center for human factors engineering validation, as well as provide internship opportunities to Bentley graduate and undergraduate students. Bentley will utilize the application and platform technologies from OpenPages to explore internal controls documentation processes across all of its business disciplines. It will also use them to improve the exchange of information within the greater academic and business communities regarding its ongoing focus on business controls deployment, monitoring and improvement, and the management of operational risks. Bentley's focus on the integration of information technology and business education has attracted faculty members who are experts in knowledge management, accounting information systems, finance, computer information systems and related fields from around the globe. Their teaching and research informs the world of business practice. In addition to the Design and Usability Testing Center, Bentley's on-campus resources include a nationally acclaimed Trading Room that is a Premier Partner of the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on exchange; and the Accounting Center for Electronic Learning and Business Measurement. The college's high tech learning facilities have earned attention in such national news media as CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , MSNBC MSNBC Microsoft/National Broadcasting Company , CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , Boston Globe, Wall Street Journal and USA Today. US News & World Report ranks Bentley among the Top 15 in Management Information Systems, and forbes.com and The Princeton Review name Bentley as #4 among the "Most Connected Campuses" in the nation. "The OpenPages system facilitates a guided collaborative approach to complying with various sections of the Sarbanes-Oxley Act, and will provide Bentley with central compliance control platform to support our research efforts in Corporate Governance," stated Donna Fletcher, associate professor of Finance, and director of Risk Management. "It will enable us to deploy a truly enterprise-caliber Web-based application that will provide a critical theater of ideas for our corporate governance research initiatives. Selective access to OpenPages customers will also provide a real world proving ground for our faculty, and an invaluable window into real time business operations for our students." "OpenPages is proud to be aligned with such a progressive institution as Bentley College. We see this as the perfect way to validate and enhance our current and future applications, and to provide real value to our customers," said Michael J. Duffy, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of OpenPages. "Bentley's deployment of OpenPages' Sarbanes-Oxley Express further promotes our objective of providing easy-to-use, enterprise-class applications to our customers that increase efficiencies and productivity while improving corporate accountability." About Bentley Bentley is a business university. Focused on education and research in business and related professions, Bentley blends the breadth and technological strength of a large university with the values and student orientation of a small college. An undergraduate education undergraduate education Medtalk In the US, a 4+ yr college or university education leading to a baccalaureate degree, the minimum education level required for medical school admission; undergraduate medical education refers to the 4 yrs of medical school. Cf CME. combines business study with a strong foundation in the arts and sciences. A broad array of Information Age MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , Master of Science, and certificate programs at the McCallum Graduate School emphasize the impact of technology on business practice. Enrolling approximately 3,800 full-time undergraduate, 490 adult part-time undergraduate, and 1,300 graduate students, Bentley is located in Waltham, Massachusetts, 10 miles west of Boston, and on the web at: www.bentley.edu. ABOUT OPENPAGES OpenPages provides applications that streamline knowledge-intensive processes to reduce cost, increase customer satisfaction, and improve corporate accountability. OpenPages Corporate Governance and Compliance Management solutions combine application functionality with OpenPages Server, OP4, a foundation architecture merging collaboration, workflow, information management, and multi-format publishing. Founded in 1996, OpenPages Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. serving more than 80 customers and partners, and is actively supported by investors from leading high technology venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] including Matrix Partners, Sigma Partners, Goldman Sachs, JAFCO, and North Hill Ventures. OpenPages Inc. is headquartered in Westford, Massachusetts. |
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