TMCnet News
GRC Software Firms Resolver and BPS Merge to Offer Expanded Risk Management Solutions(PR Web Via Acquire Media NewsEdge) New company to deliver a wider offering of GRC Solutions to the utility, financial and healthcare markets. Toronto, ON (PRWEB) January 7, 2010 -- BPS Business Propulsion Systems Inc. and Resolver Inc. today announced a merger which took effect on January 1, 2010 to form BPS Resolver Inc. This merger brings together two highly successful governance, risk, and compliance (GRC) software product offerings. The new company's combined offering will provide a complete product suite of planning, execution & refinement solutions for GRC and Sustainability best practices. Together, they will focus on rapid delivery of software-as-a-service (SaaS) compliance solutions, as well as large scale more customized enterprise licensed solutions, to utilities, financial institutions and healthcare markets worldwide. The merged company's increased scale and combined expertise will enhance, accelerate and strengthen our responsiveness to client software requirements and service needs. BPS provides GRC software solutions to many of the world's best-managed companies. It's highly successful BPS Suite™ has proven itself best-in-class in terms of completeness, functional depth, ease of use, adaptability and sophistication of technology. Resolver provides a comprehensive suite of quickly deployed SaaS solutions to address governance, risk management and compliance. Resolver's GRC Suite of products is used by many Fortune 1000 organizations to maintain successful and effective enterprise wide GRC programs. The combination of these two offerings to suit the differing needs of different clients will make BPS Resolver increasingly attractive. The combined entity, BPS Resolver, is also taking a significant new money investment of growth capital from Covington Capital in order to continue to aggressively pursue market share. According to BPS CEO, Mr. Mark Opausky, and Resolver CEO, Mr. Steve Taylor, the merger will provide clients with a greatly expanded set of GRC solutions. "Both organizations are recognized as leaders in their respective market segments and have a history of outperforming expectations. As a combined company, we bring the strength of both product suites and our employees' industry expertise to our customers." Top industry analyst Michael Rasmussen of Corporate Integrity LLC says "The market for GRC software is blossoming as companies look for solutions to support processes to consolidate risk and compliance activities." He also stated that "The combination of BPS and Resolver provides significant synergies to enhance the economies of risk and compliance processes within organizations. Together they provide a stronger solution for audit, risk management, compliance and finance roles in today's dynamic business environment." "BPS Resolver, has a unique combination of product strength and agility that can now reach wider varieties of customers and deliver superior value" says Mark Opausky. "Many companies already see us as the go to provider for GRC technology and knowledge, we are confident that we can expand this perception quickly in the coming year" The merger was completed effective January 1st, 2010. BPS Resolver is be headquartered in Toronto, Canada at 703 Evans Ave. About BPS BPS is an industry-leading provider of enterprise governance, risk and compliance (GRC) software, including internal audit, compliance, operational risk management, and enterprise risk management. A best-in-breed, risk-based planning and execution tool, BPS Audit's™ robust functionality helps internal auditors achieve their objective more efficiently. With BPS Compliance™, a single repository of risks and controls can be used to support multiple regulations, reducing overlap and duplicative costs. BPS Compliance™ also includes a full document and evidence management facility and our powerful Risk Management Library (RML) enabling users to incorporate all types of documents, policies and evidence to manage financial, information technology and operational controls. BPS OpRisk™ enables risk managers to integrate loss data from a variety of sources to develop a comprehensive view of operational risk exposure. For questions or more information about BPS, please contact us directly at 1-877-755-3716 or visit us at www.bpsinc.com. About Resolver Inc. Resolver Inc. provides a comprehensive suite of software and services for risk managers, internal auditors, compliance managers and strategic planners. Its products include Resolver*Risk, Governance, Risk, and Compliance Software; Resolver*Ballot, a risk and control self-assessment system; and Resolver*Net, an Internet-based platform for enterprise-wide risk identification and assessment. Resolver also provides facilitation, training, and consulting services in the areas of risk management, corporate governance, and regulatory needs. In business since 1994, Resolver's clients span all fields, including services, utilities, government, education, natural resources, consumer goods, and manufacturing with a client base that includes Cardinal Healthcare, EnCana, Philips, TD Bank Financial and others Contact: Nathalie Smith BPS Resolver 416 622 2299 x 437 ### Read the full story at http://www.prweb.com/releases/2010/01/prweb3423984.htm. (c) 2010 PRWEB.COM Newswire |