IBM buys compliance software developer OpenPages

The company has confirmed a deal to buy OpenPages, a firm that develops software in the fields of compliance, risk management and financial controls
Written by Larry Dignan, Contributor

IBM on Wednesday purchased OpenPages, a privately held software company specialising in enterprise compliance and risk management.

IBM said in a statement that it will take OpenPages technology and integrate it with its business analytics line-up. OpenPages focuses on compliance and risk-management planning. It evaluates financial controls, IT risk, compliance and audits to help managers forecast potential pitfalls.

OpenPages has more than 200 customers ranging from Barclays to Duke Energy and Tiaa-Cref. Financial terms of the deal were not disclosed.

This story originally appeared as IBM acquires OpenPages for compliance, risk management software on ZDNet.com.

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