Six New Customers Select OpenPages' Sarbanes-Oxley Express to Address Compliance Requirements; OpenPages Cements Leadership Position in Sarbanes-Oxley Application Market.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 24, 2003 OpenPages, a leading provider of enterprise Governance and Compliance Management solutions, today announced that six more companies have chosen its Sarbanes-Oxley Express application to help them comply with the Sarbanes-Oxley Act See SOX. of 2002. The customers include Ameren Corporation; Becton, Dickinson and Company; FEI Company; Financial Federal Corporation; Fortis; and Perot Systems Corporation. These new customers join OpenPages' growing customer base of Fortune 1000 customers that have selected Sarbanes Oxley Express since its release earlier this summer, including Volt Information Sciences. Averaging more than one new customer per week since the public launch of Sarbanes-Oxley Express, OpenPages has established itself as the clear leader in this emerging market. OpenPages has secured the leadership position in the Sarbanes-Oxley market by enabling customers to create a flexible foundation that they can adapt as the SEC modifies its definition of compliance. "We continue to add new customers at a rapid pace--signing four companies in one day--and believe that enterprises are adopting our solution faster than any competitive offering," 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. "As more companies evaluate software for helping them solve key governance and compliance issues, they are realizing that it is beneficial to have a single platform that encompasses all aspects of compliance management, not just those mandated by the Sarbanes-Oxley Act. They'll look to see which products are gaining customer acceptance as proof of this model and, as a result, we're well positioned to capitalize on the opportunity before us." About the Customers: Ameren Corporation: St. Louis-based Ameren Corporation (NYSE NYSE See: New York Stock Exchange : AEE AEE Adult Entertainment Expo AEE Association of Energy Engineers AEE Association for Experiential Education AEE Arbeitsgemeinschaft Erneuerbare Energie AEE Autoridad de Energía Eléctrica (Puerto Rico Electric Power Authority) ) provides energy services to 2.2 million customers in Missouri and Illinois. Becton, Dickinson and Company: Becton, Dickinson and Company (BD) (NYSE:BDX BDX Bordeaux (France) BDX Becton-Dickinson and Company (stock symbol) BDX Business Document Exchange BDX Burst Detector X BDX Beacon Data Extractor ) is a medical technology company that serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. BD manufactures and sells a broad range of medical supplies, devices, laboratory equipment and diagnostic products. FEI Company: FEI FEI Fédération Équestre Internationale. (Nasdaq: FEIC FEIC Financial Executives International Canada ) is a nanotechnology company providing enabling 3D Structural Process Management(TM) solutions to the world's technology leaders in the fields of semiconductors, data storage, structural biology and industry. Financial Federal Corporation: Financial Federal Corporation (FIF-NYSE), through its subsidiaries, is an independent nationwide equipment, finance and leasing company specializing in financing mid and large ticket industrial and commercial equipment through installment sales, capital loans and leasing programs for manufacturers, dealers and end-users of such equipment nationwide. Fortis: Fortis is an international financial services provider active in the fields of banking, insurance and investment. With a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 20 billion and around 68,000 employees, Fortis ranks in the top 20 of European financial institutions. Perot Systems Corporation: Perot Systems Corporation (NYSE: PER) is a global provider of technology-based business solutions in selected industry sectors. On June 30, 2003 OpenPages announced the general availability of Sarbanes-Oxley Express. The first version was designed to address Section 404 of the Act, which requires that companies establish and maintain adequate internal controls and procedures, as well as conduct annual evaluations of internal controls and procedures for financial reporting. Sarbanes-Oxley Express helps companies create a framework and more efficiently plan, document, test, monitor, communicate and attest to the effectiveness of the controls adopted. No other vendor offering 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. , and specifically, Sarbanes-Oxley solutions, has announced a customer base comparable to OpenPages. About OpenPages OpenPages provides Corporate Compliance and Enterprise Risk Assurance solutions to facilitate enterprise business control. Every OpenPages solution is built on 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, Globespan Capital Partners, and North Hill Ventures. OpenPages, Inc. is headquartered in Westford, Massachusetts. For more information, visit: www.OpenPages.com. OpenPages are trademarks of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners. |
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