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Transcendent Group and Nasdaq's BWise to Partner in the Nordics to Provide World Class eGRC Services and Technology

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STOCKHOLM, Sweden and NEW YORK, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today a new strategic partnership with Transcendent Group, a premier GRC advisor, to jointly serve enterprise customers in the Nordic region.

As part of the agreement, BWise will provide software technology based on its leading eGRC platform and related technical installation and support services. Transcendent Group will perform all functional and reporting-related implementation tasks, and advise joint customers on their GRC efforts to strategize, prepare and deploy solutions to effectively address compliance challenges, as well as manage their risks and audit programs throughout the enterprise.

In addition, Transcendent Group will use the BWise® Internal Audit solution to enhance its internal audit service delivery to companies in the Nordics. The enhancement will improve the overall efficiency and effectiveness of Transcendent Group's internal audit practice and is a seamless introduction for customers to the BWise® GRC Platform.

"We are thrilled about our new partnership with Transcendent Group, particularly given their focus on transparency and authenticity in their customer dynamics, as well as their robust growth in the Nordics region," said Rob van Straten, Global Head of Sales and Delivery, BWise. "We certainly see this new relationship enhancing our services and solutions offerings to our Nordic customers."

"The unique BWise platform has integrated architecture and functionality that encompasses not only today's GRC requirement for companies, but goes beyond the point to which these requirements are evolving," said Alex Hofmann, GRC Technology Services Leader, Transcendent Group. "Aside from their superior technology, the motivation and engagement of their specialists encouraged us to join forces and offer an effective combination of GRC technology and services to all major companies in the region."

About BWise

BWise, a Nasdaq company, is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC Platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC and Sustainability Performance Management.

BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.

BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of clients, including: adidas, AEGON, AG2R La Mondiale, Ahold, AngloGold Ashanti, Carnegie, Health Alliance Plan (HAP) of Michigan, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For more information, visit www.bwise.com. Follow us on LinkedIn and Twitter.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.

About Transcendent

Transcendent Group was founded in 2001 and has offices in Stockholm, Gothenburg, Malmö and Oslo. The company continues to grow in a sustainable way and has now roughly 60 employees and a turnover of just under 70 MSEK. Both number of staff and turnover has doubled in the past 5 years.

Transcendent Group has established a strong position as GRC advisor and provider of internal audit services serving over 300 clients in the Nordics. Currently Transcendent Group has 6 certified BWise consultants serving customers in different industries.

At Transcendent Group you will meet experienced advisors within the area of governance, risk and compliance. Our trusted services provide comfort and opportunities for government agencies, organizations and businesses in a variety of industries.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

NDAQG

CONTACT: Media Contact details: Nasdaq Ryan Wells Communications Director +1 212 231 5541 Ryan.wells@nasdaq.com www.nasdaqomx.comwww.bwise.com Transcendent Group Sara Lundquist Communications Officer +46 8 611 67 40 Sara.lundquist@transcendentgroup.com www.transcendentgroup.com

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