OpenPages Doubles Sales Bookings and Customer Base in 2005; Builds on Leadership in Governance, Risk and Compliance Software Market

OpenPages today announced that the company doubled its sales bookings and customer base in 2005, marking its continued leadership in the fast growing governance, risk, and compliance management (GRCM) software market. By the end of 2005, OpenPages grew its customer base to more than 170 of the world's largest corporations while seeing its average deal size continue to increase with numerous contracts in excess of $1 million. In addition, OpenPages received numerous industry and analyst accolades for its technology and vision in the governance, risk and compliance market.

"I would like to thank OpenPages employees and our customers for making 2005 another successful year for the company," said Michael J. Duffy, president and CEO of OpenPages. "Our customers depend on OpenPages' domain expertise, innovative technology and our relentless commitment to ensure their success. As companies move beyond financial controls management to broader operational risk management and IT governance, OpenPages will continue to provide leadership with proven solutions on one integrated platform."

In 2005, OpenPages received more industry and analyst accolades than any other provider, while surpassing company growth goals. Highlights for the year include:

- In November, OpenPages was ranked #29 on the Inc. 500 list of
   fastest-growing companies.
 - In April, the company received the highest mark in Forrester
   Research's "Forrester Wave(TM): Sarbanes-Oxley Compliance
   Software, Q1 2005."
 - In October, OpenPages was named in the visionary quadrant for
   Gartner's 2005 Financial Compliance Process Management (FCPM)
   Magic Quadrant(TM) report.
 - OpenPages extended its international operations through the opening
   of an Asia/Pacific office in Hong Kong and its second EMEA office
   in France.
 - In August, OpenPages introduced SOX Express 3.1 the newest version of
   the company's market-leading application for compliance with Sections
   302 and 404 of the Sarbanes-Oxley Act. SOX Express 3.1 added
   best-of-breed third-party applications, enhanced dashboard and
   reporting capabilities and further enhancements to the products'
   unparalleled ease-of-use and administration.
 - In October, OpenPages sold out its second annual user conference,
   OPUS II, an exclusive, customer-only event that attracted the majority
   of the OpenPages customer base.  The forum connected the OpenPages user
   community with industry experts, analysts, assurance firms and
   technology providers in order to foster thought-leadership in the areas
   of corporate governance, operational risk management and Sarbanes-Oxley
   compliance.
 - President and CEO Michael J. Duffy was named a finalist for the
   prestigious Ernst & Young Entrepreneur of the Year award.

In 2006, OpenPages will continue to extend its product footprint through the introduction of its operational risk management and IT governance solutions.

For more information on OpenPages' line of enterprise governance, risk and compliance management solutions or to register for an online demonstration, 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 optimize internal controls, reduce risk exposures and empower effective corporate oversight. OpenPages solutions improve corporate accountability, reduce disclosure process costs, assure organizational performance and increase stakeholder confidence via a unified system of record for every significant process, risk and control throughout the enterprise. The company's portfolio of solutions includes SOX Express, the market-leading enterprise application for automating the compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act, and OPtimum ORM, an enterprise risk management software solution that enables entities to identify, analyze and manage operational risk on an integrated, company-wide basis.

The world's largest corporations in diverse markets -- including financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences -- rely on OpenPages for cost-effective, efficient, sustainable governance, risk and compliance management. The company is headquartered in Waltham, Massachusetts, with international headquarters in the United Kingdom and Hong Kong, and regional offices throughout North America.

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

Contacts: OpenPages Ed Thomas OpenPages 781.647.3800, ext. 241 Email Contact North America Mike Antonellis Lois Paul & Partners 781.782.5832 Email Contact Europe Louise Matthews Harvard Public Relations 44 208 759 0005 Email Contact