Methodware Enterprise Risk Assessor provides an internal audit and risk management framework customizable to company needs, but it has yet to reflect key standards of the world to be considered an international product. Internet: www. To enable risk managers to identify, record, assess, treat and monitor risks across the company, ERA provides an internal audit and risk management framework customizable to organizational requirements. The tool permits consolidation, tracking and monitoring of enterprise risk and audit information over time, for increasing accuracy of predictions and more value-targeted choice of mitigation tactics. ERA's central repository for all risk-related information is regulated by user identification and specific authorizations.
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Sign Up. Related Companies Methodware. Dealing rooms Basel Findex Mergers and acquisitions Operational risk. Contributed what does this mean? This content is contributed or sourced from third parties but has been subject to Finextra editorial review. Jade Software buys risk technology vendor Methodware 02 July 0. Source: Jade Software Corporation Jade Software Corporation Jade announced today that it has bought percent of the shares in Methodware, a leading operational risk management software company.
Methodware is a profitable software development company generating significant revenue from the sale of software and services in New Zealand, Australia, the United Kingdom and the United States, where Jade has a strong presence. They are also established in South America, South Africa, Asia and Europe, where Jade has yet to establish itself, but where there is huge potential.
Jade's Managing Director Dr Rod Carr said: "Last year we announced that we were actively seeking to acquire software companies in similar sectors to supplement and accelerate organic growth. This is the first such acquisition. There are a number of similarities between the two companies; Methodware was founded in New Zealand but has established a significant presence globally and has most of their growth opportunities in foreign markets. Their products provide tools to assess and manage enterprise risk and to validate, for example, compliance with Sarbanes-Oxley and Basel II requirements.
Furthermore, both companies have the expertise and tools to deal with complex and changing data models. Their products can complement Jade's bespoke software development in this sector which currently provides some 25 percent of Jade's revenue. Buying Methodware provides Jade with a suite of products to fit alongside and complement our specialised bespoke development capabilities.
Jade is already one of New Zealand's top export earners from the sale of software IP and related services. This acquisition will boost Jade's export earnings and allow both of us to access new markets for the products and services of both companies, as well as extend our offering to current clients.
Staff, distributors and customers will continue to look to the leadership of current Chief Executive Dr Chris Moxon and Chief Technology Officer Paul Waddington who will continue in their current roles and as directors of the business. Methodware's outgoing Chairman John Stace said: "Having seen Methodware grow in recent years, joining forces with Jade will enable the company to accelerate its expansion through further investment in product and market development.
Methodware will also benefit from Jade's experience in software development, systems hosting and presence in overseas markets such as Australia, the USA and the UK. This is consistent with our intention to pursue growth through a combination of distribution through OEMs, establishing alliances with companies such as CMC Limited the publicly listed Indian IT service company, and through new customers and an increased share of existing customers work. Comments: 0. Join the discussion.
Enterprise Risk Assessor
Methodware Enterprise Risk Assessor Risk Analysis Software
Risk management software providers Resolver Inc. Used to determine a risk management plan, define the risk universe and make decisions about managing risk, Resolver's products are used at the front end of the risk management cycle. Methodware's software is subsequently used in developing and executing a plan to manage that risk, and in subsequent audits and control assessments. The U.
Companies using Methodware
We have found 44 companies that use Methodware. The companies using Methodware are most often found in United States and in the Computer Software industry. Our data for Methodware usage goes back as far as 4 years and 7 months. Who uses Methodware? We provide targeted accounts and not contacts.
Jade Software buys risk technology vendor Methodware
Over customers using the WRM products will be provided continual support and long-term product roadmap through Resolver. Resolver is committed to building industry leading applications with best-in-class capabilities for risk assessment, risk management, audit, and compliance, incident management, security operations center management, and investigations. By acquiring the WRM platform and its predecessors, Resolver will increase its global footprint around the world. With the new employees added, Resolver increases its already impressive domain knowledge of the Risk Management space. Our Integrated Risk Management platform supports the response and recovery process when an unplanned event does occur; including Incident Reporting, Incident Response and Investigations.