NEW YORK, April 26, 2011 /PRNewswire/ -- PwC US and BWise today announced they have entered into a joint business relationship to further enhance and expand their collective IT risk management solutions.  BWise is a leading global provider of Enterprise Governance, Risk and Compliance (GRC) management software, the integrated approach companies apply to establish strong governance in an organization, through solid risk management and demonstrated compliance.

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BWise established itself as an innovative leader in the global GRC platform market through its ability to track, measure and manage key organizational risks, including the risk of non-compliance, while integrating real-time information from supporting systems through its Continuous Monitoring/Continuous Audit functionality.

"We are very excited about our relationship with BWise and the synergies in approach we share in the GRC space. The value of this joint business relationship not only complements our firm, but will benefit our clients as it further enhances our IT risk management solution set," said Scott Greenfield, PwC's Risk Assurance IT&PA Leader.  

Robert Pijselman, CEO of BWise, said, "Global organizations continue to require consultative, as well as robust, solutions to the business critical initiatives that GRC serves.  This relationship with a global thought leader such as PwC will offer clients a rich portfolio of services and software solutions, so as to continue to operate their businesses successfully."

BWise was positioned in the Leaders Quadrant of the 2010 Gartner Magic Quadrant for Enterprise GRC Solutions*.  All the companies selected were evaluated based on "ability to execute" and "completeness of vision."

For more information on PwC and its solutions incorporating the BWise GRC suite, or any of the GRC technologies, please contact Risk Assurance IT&PA Leader Scott Greenfield.

*Gartner, Inc., Magic Quadrant for Enterprise GRC Solutions, French Caldwell, October 13, 2010.

About Gartner's Magic Quadrant

The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About BWise

BWise, established in 1994, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers truly integrated and proven GRC solutions. With these GRC solutions BWise supports an organization to get 'in control' of all of its enterprise risks and compliance obligations. To become 'in control', BWise enables its customers to increase corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance, while understanding risks.

Hundreds of customers, in virtually all markets and industries in more than 80 countries, are served by BWise for their GRC needs. Utilizing templates and a best-practice implementation approach, BWise enables management to monitor and manage risks and comply to regulations such as Sarbanes-Oxley, ISAE3402 / SAS-70, Basel II and III and Solvency II, ISO-standards, European Corporate Governance Codes and many more. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit www.bwise.com.

About Risk Assurance IT&PA

PwC understands significant risk is rarely confined to discrete areas within an organization. Rather, most significant risks have a wide-ranging impact across the organization.  Its Risk Assurance practice offers a holistic approach to risk that protects business, facilitates strategic decision making and enhances efficiency. It is complemented by the extensive risk and controls technical knowledge and sector-specific experience of its professionals.  The result is a risk solution tailored to the unique needs of clients. Our Information Technology and Project Assurance (IT&PA) practice, focused on ERP Controls, Project Assurance, IT Risk and Security Assurance, integrates our firm's various capabilities and vendor alliances to provide our clients deep IT Risk Assurance solutions to meet their needs and solve their challenges.  To learn more, visit www.pwc.com

About PwC

PwC (www.pwc.com) firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See www.pwc.com for more information.

© 2011 PwC. All rights reserved. "PwC" and "PwC US" refer to PricewaterhouseCoopers LLP, a Delaware limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.  

SOURCE PwC