OpenPages

OpenPages originated as American Computer Innovators (ACI) in 1990, founded by Scott Killoh and Warren Ondras. The company initially focused on electronic publishing systems for media companies, developing a product called OpenPages Composer. A significant restructuring between 2000 and 2001 pivoted the company's focus to Governance, Risk, and Compliance (GRC) software, officially renaming to OpenPages in August 2000. This strategic shift led to substantial growth, attracting over 200 large enterprise clients such as Barclays, Allianz, and Duke Energy.

The pivotal moment in the company's history occurred on October 21, 2010, when it was acquired by IBM and integrated into its Business Analytics division. Today, OpenPages operates as IBM OpenPages, an AI-driven, integrated GRC platform. The platform is designed for large enterprises across various industries, including finance, healthcare, and energy, that face complex regulatory and risk management challenges. The business model is primarily subscription-based, with modular pricing that allows clients to license the specific components they need. Options include a cloud-hosted solution on IBM Cloud or AWS, and on-premise deployment.

The IBM OpenPages platform provides a centralized environment to manage risk and compliance, breaking down traditional data silos. Its core function is to enable organizations to identify, assess, monitor, and mitigate risks across the enterprise. The platform is built on a modular architecture, offering specialized solutions for Operational Risk, Financial Controls Management, IT Governance, Internal Audit, Third-Party Risk, Policy Management, and more. Key features include a unified data repository, task-focused user interfaces, customizable dashboards with advanced analytics powered by IBM Cognos, and a calculation engine for risk scoring. It leverages AI, including IBM Watson, for predictive analytics, natural language processing, and a 24/7 virtual assistant to guide users. The system also supports no-code configurations with drag-and-drop workflow automation and integrates with other systems through comprehensive REST APIs and IBM App Connect.

Keywords: Governance Risk and Compliance, GRC, integrated risk management, operational risk, financial controls management, IT governance, internal audit, third-party risk management, policy management, regulatory compliance, enterprise risk management, IBM OpenPages, risk analytics, compliance automation, AI in GRC, risk-based approach, SOX compliance, vendor risk assessment, business continuity management, data privacy management