Virtusa Corporation Selects OpenPages SOX Express for Sarbanes-Oxley Compliance

Business Wire, Oct 18, 2004

WALTHAM, Mass. -- OpenPages, a leading provider of enterprise governance, risk and compliance management solutions, today announced that Virtusa Corporation (Virtusa) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Section 302 and 404 compliance initiatives.

A global software development and IT services firm, Virtusa specializes in building super-efficient, software platforms tailored exclusively to meet each client's business agility and IT efficiency objectives. Since 1996, Virtusa has partnered with global Fortune 1000 enterprises and leading software product companies to design and develop hundreds of client-specific platforms. Headquartered in Massachusetts, Virtusa has offices and technology centers throughout the US, UK and Asia.

Virtusa will deploy SOX Express to streamline its internal control documentation. It will enable the collection of information regarding ongoing business controls deployment and monitoring, resulting in a reduction of compliance costs. By combining a strong document repository with powerful compliance automation capabilities, SOX Express will facilitate both project management and compliance, using web-based tools to get users up to speed quickly.

"OpenPages has a solid reputation in helping companies achieve their compliance goals with respect to Sections 302 and 404 of the Sarbanes-Oxley Act," said Brett Bleau, Internal Audit Director. "SOX Express' document management and compliance automation capabilities will enable us to streamline our 404 documentation initiatives and help us identify and communicate process improvement opportunities in an efficient manner."

OpenPages' SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404. SOX Express is a focused enterprise application that combines powerful document and business process management with flexible reporting capabilities in an extremely easy-to-use environment that enables CEOs, CFOs and financial management officers to enforce internal controls. SOX Express helps corporations automate significant aspects of their internal controls framework to significantly reduce the overall cost of compliance. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls of the company.

For more information on OpenPages' line of enterprise governance and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com.

About OpenPages

Founded in 1996, OpenPages develops enterprise governance, risk and compliance management solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.