Optial recognised as an enterprise-wide ORM system in 2009 Chartis Operational Risk report

London - 28 July 2009

Optial, a leading provider of Operational Risk and GRC solutions, announced today that the wide extent of its operational risk software has been recognised by Chartis and featured in the ‘enterprise-wide ORM solutions’ category in their latest Operational Risk Management Systems report published in May 2009.

Chartis, one of the leading providers of research and analysis on the global market for risk technology conducted and published the report which covers the demand and supply side of the market. The report looks at the main market and regulatory requirements including the competitive landscape. It includes updated forecasts of market size, competitive landscape, future outlook and a framework for selecting ORM systems.

Optial was one of only five vendors to be profiled in detail in the report which assessed a total of 18 ORM system vendors based on size, functionality, data management capability, implementation process, flexibility, user friendliness, complexity and total cost of ownership.

Chris O’Brien, CEO Optial said ‘Chartis forecasts the worldwide ORM market to grow to $1.68bn by 2013. With increased demand for ORM systems from emerging markets such as the Middle East and existing markets wanting to alleviate increasing costs and risks of running numerous systems, we are now seeing organizations realizing the benefits of streamlining the number of systems they use into one complete offering. Optial ORM solution is a scalable flexible solution that can be fully integrated and adapt quickly to changing markets providing cost effectiveness, transparency and security.’

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