WALTHAM, MA--(MARKET WIRE)--Oct 6, 2008 -- OpenPages®, a leading provider of enterprise GRC management solutions that optimize business performance, today announced that ICAP, the world's premier voice and electronic interdealer brokers, has selected the OpenPages Operational Risk Management (ORM) module to manage their operational risk and compliance requirements, improve reporting and develop an extensible and repeatable operational risk framework. ICAP selected OpenPages ORM due to the solution's proven technology and success for governance, risk and compliance (GRC) management initiatives.

ICAP is the world's premier voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The group is active in the wholesale markets in interest rates, credit, energy, foreign exchange and equity derivatives. ICAP has an average daily transaction volume in excess of $1.5 trillion, more than 60% of which is electronic. ICAP plc was added to the FTSE 100 Index on June 30, 2006. For more information visit: www.icap.com.

"For global companies like ICAP, ensuring that risk management activities are sound across the enterprise is critical to the success of the business," said Herve Geny, global head of risk, at ICAP. "In ICAP's case, we see risk management as an opportunity for significant competitive advantage, and we believe that OpenPages ORM can help realize this opportunity through its highly configurable risk management framework. We are pleased to be partnering with OpenPages on this effort."

OpenPages will be able to address all the key drivers for ICAP's operational risk and compliance objectives, including the ability to:

 
--  Ensure the Robustness of Controls - As a firm with fast changing
    contours, ICAP needs to maintain and improve the ongoing quality of its
    internal controls.

--  Extend the Risk Management Framework - In selecting a risk management
    solution, the ability to put into place more transparent controls of remote
    businesses to gain greater visibility was a critical element for ICAP.

--  Provide Standardized Risk Reporting - ICAP was in search of a solution
    with the ability to combine each office's risk reporting processes into a
    single, company-wide uniform platform and approach.

--  Enhance Compliance - ICAP needed a solution that facilitates
    compliance with various regulatory requirements.

--  Enable Convergence - ICAP's main driver in selecting a risk management
    software was to accelerate the convergence of risk management, compliance
    and internal audit processes into one consistent framework.

As part of the OpenPages Platform, OpenPages ORM is a key building block in implementing an enterprise-wide, integrated approach to risk and compliance management. OpenPages ORM delivers a policy-driven, process-centric way to manage risk through self-assessments, end-user surveys, automated workflow and executive dashboards that provide management with the visibility, control and decision support required to understand and manage risks throughout the organization to optimize business performance.

For questions regarding ICAP's decision to invest in OpenPages, please call +44 207 000 5685.

About OpenPages

OpenPages is the leading provider of enterprise GRC management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance (GRC) activities across the enterprise and by incorporating risk management into their everyday business processes. Market-leading corporations select OpenPages because of its domain expertise and software solutions that seamlessly adapt to their unique risk management methodologies while providing the flexibility to evolve their governance, risk and compliance processes over time. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of risk and compliance solutions, please call 781-693-5999 or visit www.openpages.com.

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

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     OpenPages
     John Kelly
     OpenPages
     781.693.5925
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     North America
     Jessica Sutera
     Lois Paul & Partners
     781.782.5789
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     Europe
     Annette Leach
     Harvard Public Relations
     +44 208 759 0005
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