IBM Completes Acquisition Of OpenPages

IBM has announced that it has completed its acquisition of OpenPages, IBM’s approach to risk management will help organisations drive better business outcomes, lower the cost of risk management and compliance activities, better allocate resources and reduce risk of loss. When coupled with IBM’s services capabilities, systems management, security, information governance and other IT governance capabilities, clients will have an accurate and actionable view of the risks that might otherwise undermine enterprise performance.

IBM also announced it has acquired Clarity Systems to further expand its business analytics portfolio and help complete the most comprehensive and deep set of solutions for financial analytics and optimisation.

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With its acquisition of OpenPages, IBM expands its business analytics portfolio with new capabilities supporting integrated risk management solutions. OpenPages software helps businesses establish and maintain a comprehensive compliance and risk management program across a variety of risk domains including operational risk, financial controls management, IT risk, compliance and internal audits.

OpenPages and IBM have successfully partnered to meet clients’ compliance and integrated risk management needs. OpenPages incorporates IBM Cognos Business Intelligence for enhanced risk intelligence and analytics and IBM hosting services into its offerings to help clients more easily deploy OpenPages software in a secure manner.