OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced Hughes Network Systems, LLC (Hughes) has selected OpenPages FCM for its Sarbanes-Oxley compliance initiatives. OpenPages FCM was selected by Hughes because of the flexibility and configurability of the solution, which provides a streamlined and sustainable approach to achieving compliance with Sarbanes-Oxley.
Together with technology from partner Approva® Corporation, which automates the end-to-end financial and operational controls management process, OpenPages FCM allows Hughes to automate the ongoing test and review of its controls documentation so that it may reduce the time and resource costs associated with Sarbanes-Oxley Section 404, and to help Hughes better implement internal audit and enterprise risk management solutions.
Through a joint partnership that began in August 2006, OpenPages and Approva enable organizations to strengthen their overall controls environment while significantly reducing overall compliance costs. OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.
OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced Hughes Network Systems, LLC (Hughes) has selected OpenPages FCM for its Sarbanes-Oxley compliance initiatives. OpenPages FCM was selected by Hughes because of the flexibility and configurability of the solution, which provides a streamlined and sustainable approach to achieving compliance with Sarbanes-Oxley. Together with technology from partner Approva® Corporation, which automates the end-to-end financial and operational controls management process, OpenPages FCM allows Hughes to automate the ongoing test and review of its controls documentation so that it may reduce the time and resource costs associated with Sarbanes-Oxley Section 404, and to help Hughes better implement internal audit and enterprise risk management solutions.
Through a joint partnership that began in August 2006, OpenPages and Approva enable organizations to strengthen their overall controls environment while significantly reducing overall compliance costs. OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.
Hughes is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet® encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Hughes has shipped more than 1.2 million systems to customers in over 100 countries. Its broadband satellite products are based on the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI, and ITU standards organizations. Headquartered outside Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. (NASDAQ: HUGH).
Tuesday, 19 June 2007
Tuesday, 12 June 2007
Small And Mid-Cap Exit Continues
More and more small- and mid-cap companies are looking to exit the public markets and the trend is likely to persist, according to a recently released Piper Jaffray M&A report. The report titled, "Mergers and Acquisitions Insights: Going-Private and Public Take-Out Transactions," analyzes activity in the marketplace for large-, mid- and small-cap companies exiting the public markets.
In total, the number of companies exiting the public markets as stand-alone entities by either selling to strategic buyers or private equity groups in all-cash transactions increased 73 percent from 2005 to 2006, after increasing 34 percent from 2004 to 2005. More specifically, small-cap companies showed the most activity in going-private and public take-out transactions from 2004 to 2006 with 52 additional transactions compared to 41 mid-cap and 43 large-cap transactions.
Acording to Piper Jaffray, small-cap companies, in particular, realize fewer benefits from remaining public than companies with larger market capitalizations. In addition, the M&A environment remains vibrant for companies across all market capitalizations, including small-cap companies.
Specific reasons cited include the usual suspects:-
-- Less research coverage, lower trading volume and liquidity and limited access to capital markets for growth capital.
-- Valuation discrepancy relative to larger companies.
-- Impact from Sarbanes-Oxley regulation and public company costs.
In total, the number of companies exiting the public markets as stand-alone entities by either selling to strategic buyers or private equity groups in all-cash transactions increased 73 percent from 2005 to 2006, after increasing 34 percent from 2004 to 2005. More specifically, small-cap companies showed the most activity in going-private and public take-out transactions from 2004 to 2006 with 52 additional transactions compared to 41 mid-cap and 43 large-cap transactions.
Acording to Piper Jaffray, small-cap companies, in particular, realize fewer benefits from remaining public than companies with larger market capitalizations. In addition, the M&A environment remains vibrant for companies across all market capitalizations, including small-cap companies.
Specific reasons cited include the usual suspects:-
-- Less research coverage, lower trading volume and liquidity and limited access to capital markets for growth capital.
-- Valuation discrepancy relative to larger companies.
-- Impact from Sarbanes-Oxley regulation and public company costs.
Lumigent's AuditFlex(TM) Architecture and Exact Solutions
Lumigent Technologies today announced an agreement to provide comprehensive performance auditing in association with Exact Solutions, makers of iWatch(TM) , the company's flagship performance monitoring system. Lumigent. recently unveiled Audit DB 6.0, a database security and compliance system that, for the first time, supports all three common methods of data collection in a single, unified platform.
Performance auditing, the combination of these two powerful offerings, provides organizations the tools to audit data activity while also offering real-time performance monitoring capabilities. Previously, organizations wishing to monitor and protect their databases had to choose among three different methods of data collection: capturing traffic as it flows across the network, analyzing log files of actual database transactions or relying on the database's native auditing capabilities. With the introduction of Audit DB 6.0 and the AuditFlex(TM) architecture, organizations no longer need to choose one approach over the other and can, for the first time, mix and match the three approaches as dictated by IT or regulatory requirements.
Exact Solutions'. iWatch, unlike traditional management tools, operates without the use of intrusive processes that could potentially interfere with the performance of critical applications. By using a lightweight, intelligent network capture process, iWatch captures a complete record of each and every SQL request, providing an unparalleled picture of performance from the application or end user's point of view.
Where traditional DBA tools typically use 10-15% or more of the available CPU resources, iWatch Query-level monitoring uses 1-2% or less - an important advantage for performance sensitive applications such as trading systems. This powerful yet lightweight process, with its minimally intrusive capture methodology, proves equally important in audit applications, when firms need to maintain detailed records of user behavior without the risk of degradation to their critical applications.
For customers of both companies, the partnership provides substantial leverage. Customers enjoy the increased deployment flexibility that enables them to tailor their audit solution to their business and operating requirements - while at the same time enjoying the traditional ROI associated with a world-class performance tool. In addition, customers avoid the necessity of installing & maintaining duplicate installations to meet their performance analysis and compliance needs.
"This partnership is perfectly suited to delivering increased value to our customers, taking advantage of our AuditFlex architecture to ensure data integrity and the attainment of service level agreement goals," said Cliff Pollan, CEO of Lumigent. "The strengths of Exact Solutions and Lumigent compliment one another, providing a two-stage monitoring and defense system against a whole range of risks faced by businesses today. From critical applications up-time, to internal and external regulatory requirements, these two technologies are a fantastic one-two punch."
Hardev Dhindsa, CEO of Exact Solutions said, "Our partnership with Lumigent is a real boon to our present customers and to a wide range of others. Performance Auditing will make it easier for organizations to find what they need - easily. Exact Solutions and Lumigent are both leaders and this combination leverages the strengths of both companies and the whole is greater than the sum of the parts."
Performance auditing, the combination of these two powerful offerings, provides organizations the tools to audit data activity while also offering real-time performance monitoring capabilities. Previously, organizations wishing to monitor and protect their databases had to choose among three different methods of data collection: capturing traffic as it flows across the network, analyzing log files of actual database transactions or relying on the database's native auditing capabilities. With the introduction of Audit DB 6.0 and the AuditFlex(TM) architecture, organizations no longer need to choose one approach over the other and can, for the first time, mix and match the three approaches as dictated by IT or regulatory requirements.
Exact Solutions'. iWatch, unlike traditional management tools, operates without the use of intrusive processes that could potentially interfere with the performance of critical applications. By using a lightweight, intelligent network capture process, iWatch captures a complete record of each and every SQL request, providing an unparalleled picture of performance from the application or end user's point of view.
Where traditional DBA tools typically use 10-15% or more of the available CPU resources, iWatch Query-level monitoring uses 1-2% or less - an important advantage for performance sensitive applications such as trading systems. This powerful yet lightweight process, with its minimally intrusive capture methodology, proves equally important in audit applications, when firms need to maintain detailed records of user behavior without the risk of degradation to their critical applications.
For customers of both companies, the partnership provides substantial leverage. Customers enjoy the increased deployment flexibility that enables them to tailor their audit solution to their business and operating requirements - while at the same time enjoying the traditional ROI associated with a world-class performance tool. In addition, customers avoid the necessity of installing & maintaining duplicate installations to meet their performance analysis and compliance needs.
"This partnership is perfectly suited to delivering increased value to our customers, taking advantage of our AuditFlex architecture to ensure data integrity and the attainment of service level agreement goals," said Cliff Pollan, CEO of Lumigent. "The strengths of Exact Solutions and Lumigent compliment one another, providing a two-stage monitoring and defense system against a whole range of risks faced by businesses today. From critical applications up-time, to internal and external regulatory requirements, these two technologies are a fantastic one-two punch."
Hardev Dhindsa, CEO of Exact Solutions said, "Our partnership with Lumigent is a real boon to our present customers and to a wide range of others. Performance Auditing will make it easier for organizations to find what they need - easily. Exact Solutions and Lumigent are both leaders and this combination leverages the strengths of both companies and the whole is greater than the sum of the parts."
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