Optial announces new partnership with RightXperience to deliver risk management solutions to the finance markets of Nigeria and West Africa

London - 13 May 2009

Optial, a leading developer of Governance, Risk and Compliance (GRC) and Operational Risk Management (ORM) software solutions, announced today that it is expanding its market development growth strategy further through the appointment of RightXperience Consulting as a strategic partner for the Nigerian and West African region.

RightXperience will provide the local sales focus and knowledge and will work closely with Optial to deliver and implement integrated GRC and ORM solutions, focused mainly on the financial industry.

RightXperience have offices in Lagos, Nigeria and Charlotte, North Carolina, USA. They have over twenty five years experience in the financial services sector in Nigeria, West Africa and the US, providing consultancy services to a large number of global finance organisations including UBS investments and Bank of America. The RightXperience team is highly qualified and have many years experience in the areas of change management, process improvement, risk management, compliance and IT Audit, covering both the financial and technology sectors.

Chris O’Brien, Optial’s CEO commented: “As a leading global GRC and ORM software provider, we are pleased to begin working with RightXperience to provide best practice solutions to the Nigerian and West African banking and finance markets. This partnership is a prime example of how Optial is actively seeking out new markets, bringing the most advanced risk management solutions to new territories to meet our customers’ needs worldwide, whilst simultaneously expanding our global reach.”

Chuba Nwangwu, CEO of RightXperience says: “The Optial-RightXperience partnership uniquely combines a robust set of risk management tools with an unparalleled understanding of the Nigerian and West African environment and markets. As Nigerian and West African institutions grow and their operational risk needs evolve, the Optial-RightXperience team is well positioned to help firms measure and manage operational risk in a systematic fashion – not just for regulatory compliance purposes alone, but also to enhance shareholder value.”

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