Porto Seguro Begins GRC Journey With Nasdaq’s BWise

GRC Platform Enables Convergence of Key Risks in Internal Audit, Internal Control, Compliance and Operational Risk Management Nasdaq’s BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today that it has been selected by PortoSeguro, one of Brazil’s largest insurance companies, to help support its new business risk management process. Porto Seguro will use BWise for Internal Audit, Internal Control, Compliance and Operational Risk Management…

Adding Cyber Security to Corporate Risk Management

Corporate boards and senior management like to focus on business. They love the numbers, the strategy and the success of a business operation. They have a passion for it and that is why they are sitting on board or managing a global company. They do not like to talk as much about risks, much less plan for them. When it comes to information governance and protecting the company from hackers…

AvePoint Wins 2014 Disability-Smart Award for Compliance Products and Solutions

Avepoint, the established leader in enterprise-class management, governance, and compliance software solutions for next-generation social collaboration platforms, announced today that it won the 2014 Disability-smart award in the category of Products and Services, B2B for its compliance solutions. AvePoint Compliance Guardian and Compliance Guardian Online – part of AvePoint Online Services, used by nearly 2 million cloud users today – offer complete Governance, Risk and Compliance (GRC) platforms that provide…

BAE Systems completes SilverSky acquisition

Further to the announcement of 21 October 2014, BAE Systems has completed the acquisition of Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider. The consideration of $232.5 million (approximately £144.4 million) has been funded from BAE Systems’ existing cash resources. SilverSky is a commercial cyber services and compliance provider, headquartered in New York, with operations in the US and the Philippines. The company currently employs approximately…

Incident management solutions authority PPM 2000 acquired by Klass Software

PPM 2000, the industry’s leading authority on incident management, has been acquired by Klass Software (“Klass”), the acquisition group of Klass Capital, a leading enterprise software, growth equity fund headquartered in Toronto, Ontario. Effective immediately, Will Anderson, the CEO of Klass Software, is now the CEO of PPM. Elaine O’Sullivan and Brian McIlravey will continue with the company as President and Executive Vice-President, respectively. “PPM‘s innovative incident management solutions are…

TraceSecurity and Rapid7 Partner to Add Value for Shared Customer Base

TraceSecurity, a pioneer in cloud-based IT Governance, Risk and Compliance (GRC) management solutions, and Rapid7, a leading provider of security analytics software and services, today announced an integration partnership that teams the market-leading strengths of each company and enables mutual customers to leverage Rapid7’s vulnerability management data when deploying their information security and compliance programs using TraceSecurity’s TraceCSO. “Vulnerability management is core to an organization’s information security and compliance practice,”…

Sico announces key management appointments

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has announced two new senior management appointments. Anantha Narayanan, who joined Sico in 2008 as the head of internal audit, takes over as chief operating officer. With over 24 years’ international experience in audit and risk management in the banking industry, he previously worked for international and regional banks as well as…

Meta Byte teams up with MetricStream in key deal

Meta Byte Technologies, a leading next-generation technology consulting company, has signed a partnership deal with MetricStream, a leader in governance, risk, and compliance (GRC) and quality management solutions. The deal is aimed at equipping Middle East-based organisations across industries with the most sophisticated risk, compliance, and quality management solutions, said a statement. The companies in the Middle East are currently facing an increasing volume, velocity, and variety of risks, mounting…

Ecuador-Based Banco Pichincha Chooses MetricStream GRC Cloud for Business Continuity Management

The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for Business Continuity Management (BCM). MetricStream’s solution will help minimize the impact of business disruptions as well as aid in crisis and incident management planning by streamlining and automating the BCM lifecycle. It will also provide an integrated framework to collaboratively manage all BCM processes, including Business Impact Analysis (BIA), Business Continuity Planning…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…