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OpenPages and ABS Consulting Team to Provide Comprehensive Operational Risk Management Data Solution

November 14, 2006

WILMINGTON, Del. AND WALTHAM, Mass. – November 14, 2006 – ABSG Consulting Inc. ("ABS Consulting") through its division ABS Consulting and subsidiary, EQECAT, Inc. and OpenPages announced today an alliance that will provide organizations with a complete enterprise risk management framework for understanding the breadth and depth of business risks.

The alliance, which leverages ABS Consulting's specialization in scenario, probabilistic analysis and risk assessment processes and OpenPages' operational risk management software solution, OpenPages ORM, allows organizations to correlate and associate data into information to minimize unexpected losses and interruptions.

ABS Consulting provides organizations with risk identification, assessment/consequence analysis using robust probabilistic modeling, for both operational and catastrophe risk, allowing corporations to quantify the true nature of the risk they face and the level of residual risk that remains after any mitigation effort.  The company specializes in modeling extreme physical asset risks, pandemic situations, liability/casualty, and franchise threatening risks in the form of natural and man-made hazards, including terrorism. OpenPages ORM is an enterprise risk management software solution that enables organizations to identify, measure, monitor and manage operational risk on an integrated, company-wide basis. Together, ABS Consulting and OpenPages provide organizations with software and associated services for Risk Assessment, Risk Mitigation, Risk Planning and Risk Transfer.

"Working with ABS Consulting, we can provide joint customers with the information they need to make risk-informed decisions," said Scott Torbik, director of alliances of OpenPages. "By allowing organizations to address significant incidences of losses and to fully understand the potential risks they are exposed to, we can help them prevent large losses and reduce expected outcomes."

"We are delighted OpenPages has teamed with ABS Consulting," said Kenneth Travers, senior vice president, ABS Consulting. "The synergies between our firms will create an environment that provides an effective combination of experience in risk management and best-of-class technology to help create the ultimate risk data management resource."

 

About ABS Consulting

ABS Consulting is a global safety, risk and integrity management company with nearly a half century of experience completing challenging projects in all parts of the world in the oil and gas, chemical process, nuclear, government, maritime and insurance industries. An affiliated company of ABS, ABS Consulting has offices in over 39 countries and over 1,300 employees worldwide. ABS Consulting headquarters are located in Houston.

Learn more about ABS Consulting.

 

For more information, Contact:

Rebecca Rieansnider
Marketing Communications Supervisor
ABS Consulting
1-281-673-2948 | rrieansnider@absconsulting.com

 

 

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