Independent Research Firm Names OpenPages as a Leader in Newly Released Sarbanes-Oxley Compliance Software Report

OpenPages announced today that Forrester Research named the company the leading Sarbanes-Oxley compliance software provider in its recently released "Forrester Wave(TM): Sarbanes-Oxley Compliance Software, Q1 2005." The report is available in its entirety on the OpenPages website at www.openpages.com.

The report compared OpenPages to eight organizations that provide enterprise application, enterprise content management and specialty compliance software products, rating each company on the following focus areas: current product offering, strategy, and market presence. The technology providers were graded on a total of 58 types of criteria based on questionnaires, supplemental information, customer deals, market visibility, and Forrester knowledge gathered from product demonstrations, briefings and ongoing research. Within each of the three main focus areas, Forrester deemed OpenPages as a strong performer having "achieved solid product maturity as a result of multiple product releases and significant customer adoption."

Of the three key areas of interest, OpenPages proved to be a leader in terms of strategy -- ranking high in terms of technology strategy and vision and product development. In comparison to competitive vendors within the Sarbanes-Oxley compliance space, OpenPages was recognized for its strong usability across enterprise companies through a well-designed graphical user interface, reporting and collaboration differentiators. In addition, OpenPages was cited as expanding to support broader enterprise risk management (ERM) strategies. Forrester believes that this expanded functionality "will be important going forward, not only to support the broader compliance and management needs of enterprises, but also to ensure the ongoing viability of the specialized vendors."

OpenPages was also highlighted for providing customers with value-added content, including assignable libraries of predefined risks and controls. Forrester recognized companies for including this type of content functionality as a value-added content area for customers. Forrester believes that "embedded content reduces configuration time...This content includes libraries of predefined risks and controls that can be assigned to processes as well as preconfigured internal controls surveys."

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 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

"Being named as a leader by the Forrester Wave is a tremendous accomplishment," commented Michael J. Duffy, president and CEO at OpenPages. "We are thrilled with the results of this report, which reaffirms our commitment to providing innovative compliance software solutions that give customers peace of mind as they efficiently implement strong internal controls frameworks."

For the Forrester Wave, the research firm conducts primary research to develop a list of vendors that meet the criteria to be evaluated in this market. From that initial pool of vendors, Forrester narrows the final list based on 1) product fit; 2) customer success; and 3) Forrester client demand. Forrester evaluates the vendors and their products against the set of criteria, and gather details of product qualifications through a combination of lab evaluations, questionnaires, demos, and/or discussions with client references.

For more information on OpenPages' line of enterprise governance, risk 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 (GRCM) 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.

Contacts: Ed Thomas OpenPages 781.647.3800, ext. 241 ed_thomas@openpages.com Mike Antonellis Lois Paul & Partners 781.782.5832 mike_antonellis@lpp.com