The NASDAQ OMX Group, Inc. has announced that it has agreed to acquire BWise, a global leader in enterprise governance, risk management and compliance (GRC) software.

With this acquisition, NASDAQ OMX Corporate Solutions now offers companies the ability to track, measure and manage key organizational risks – including the risk of non-compliance – with industry leading governance, management and compliance software and services.

Established in 1994, BWise provides companies with a single software platform designed to cover all aspects of a company's GRC needs.

Bruce Aust, Executive Vice President, NASDAQ OMX: "With increasing regulations and, subsequently, greater exposure to risk, GRC is seen as a key indicator of business performance and stability. At NASDAQ OMX, we continue to be motivated by a strong desire to help our companies be more transparent, strategic and efficient. We are excited to align BWise's best-in-industry GRC solutions with our premium board portal, Directors Desk, as we continue to look for innovative ways to provide C-level executives and boards with relevant, integrated services. We also look forward to continuing to promote the fairness, efficiency and integrity of the global marketplace with the integration of BWise and SMARTS."