OMG and OCEG Announce Strategic Alliance for C-GRID Project; Compliance Organizations Agree to Share IP to Improve IT's Ability to Cope With Regulatory Requirements

Business Wire, June 27, 2006

NEEDHAM, Mass, and NEW YORK -- The Object Management Group(TM) (OMG(TM)), a software consortium responsible for establishing distributed computing specifications, and ORCA(TM), the OMG Regulatory Compliance Alliance, today announced a strategic alliance with The Open Compliance & Ethics Group (OCEG), a non-profit organization with a mission to help organizations align their governance, risk and compliance (GRC) management activities to drive business performance and promote integrity.

ORCA is a working group of OMG Members who are committed to codifying, and promoting IT best practices for regulatory compliance, and developing resources for IT professionals dealing with regulatory compliance requirements. ORCA is currently developing C-GRID - the Global Regulatory Information Database - as an open repository of information on regulations, rules, frameworks and guidance documents from around the world. OCEG is developing complementary intellectual property focused on improving GRC by leveraging the experiences of its member enterprises.

"OCEG is a world leader in the development of frameworks that define best practices for governance, risk management and compliance. We are happy to work with OCEG to provide snapshots of this work to users of the C-GRID repository. The result is more exposure for OCEG, and better information for C-GRID users," said Dr. Adrian Bowles, Program Director, Regulatory Compliance, OMG.

"The combination of OCEG's expertise in matters of compliance and ethics with ORCA's promotion of IT best practices in compliance and the C-GRID project will be a powerful resource for compliance and risk managers," said Scott L. Mitchell, CEO of OCEG. "We look forward to working closely with ORCA to further our mutual goals of helping organizations navigate the myriad complexities of regulatory compliance."

For more information about ORCA, visit http://orca.omg.org. For more information about OCEG, visit http://www.oceg.org.

About the Open Compliance and Ethics Group (OCEG)

OCEG is a nonprofit organization that provides a framework (the OCEG Framework) for integrating governance, compliance, risk management, and integrity into the tangible practice of everyday business; drives adoption of the Framework through a multi-industry, multi-disciplinary coalition; and provides a community of practice for the exchange of information, tools, benchmarking and feedback for continual improvement of the Framework.

For more information on OCEG and the OCEG Framework, visit: www.oceg.org.

About The OMG

With well-established standards covering software from design and development, through deployment and maintenance, and extending to evolution to future platforms, the Object Management Group (OMG) supports a full-lifecycle approach to enterprise integration which maximizes ROI, the key to successful IT. OMG's Modeling standards, the basis for the MDA(R), include the Unified Modeling Language(TM) (UML(R)) and Common Warehouse Metamodel (CWM(TM)). CORBA, the Common Object Request Broker Architecture, is OMG's standard open platform with hundreds of millions of deployments running today. Headquartered in Needham, MA, USA, the Object Management Group is an international, open membership, not-for-profit computer industry specifications consortium. More information about OMG can be found at www.omg.org.

Note to editors: MDA, Model Driven Architecture, OMG Logo, UML, UML logo and CORBA are registered trademarks, and OMG, Object Management Group, MOF, MDA Logos, and Unified Modeling Language are trademarks, of Object Management Group. All other trademarks are the property of their respective owners.