New York, NY, ‘s-Hertogenbosch, Netherlands, February 14, 2008 – BWise, the leading provider of governance, risk and compliance (GRC) software, today announced that International Truck and Engine Corporation (hereinafter “International”), a wholly owned subsidiary of Navistar International Corporation (OTC: NAVZ), has chosen the BWise GRC solution. Under the terms of the agreement, International will work with BWise to ensure Sarbanes-Oxley compliance, manage enterprise risk and conduct related reporting activities.
BWise will enable International to establish a comprehensive framework to strengthen internal controls for compliance initiatives including Sarbanes-Oxley. The BWise solution will provide valuable and accurate insight into key corporate data through in-depth reporting, including executive level dashboards that provide management with real-time updates. BWise will also enable International to continuously document and communicate governance, risk and compliance related activities, for measurable process improvement across the organization. In addition, through a fully converged approach, International will be able to monitor enterprise-wide risks and lower related operational costs.
“We evaluated a number of solutions in the marketplace and BWise stood out as the leader in governance risk and compliance,” stated Kim Fugiel, Vice President, SOX Compliance, Navistar International Corporation. “BWise will play a key role in helping us to not only continue to fully uphold our stringent corporate governance guidelines, but also invoke improved processes across our organization to produce even greater customer and shareholder value.”
“As part of the innovative Navistar family, International has made its mark through a commitment to the highest standards of integrity and excellence,” according to Robert Pijselman, Chief Executive Officer of BWise. “The BWise solution is perfectly matched to help International further strengthen these objectives through an interconnected, enterprise wide approach to GRC. We are excited to welcome them to our family of global customers.”
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About BWise
BWise is the global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more than 80 countries worldwide and 175,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit
www.bwise.com.
About International Truck and Engine Corporation
A wholly owned subsidiary of Navistar International Corporation (OTC: NAVZ), International Truck and Engine Corporation is a leading producer of medium trucks, heavy trucks, severe service vehicles, mid-range diesel engines, parts and service. International and its affiliates sell their products, parts and services through a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil and Mexico and from more than 60 dealers in 90 countries throughout the world. Additional information is available at:
www.navistar.com.
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Marijke van Hooren
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