IBS America Joins Open Compliance and Ethics Group Technology Council

LEXINGTON, Mass., Aug. 28 /PRNewswire/ -- IBS America, a provider of compliance management solutions essential to creating a "Culture of Compliance," announced today that the company has joined the Open Compliance and Ethics Group (OCEG) Technology Council. OCEG is a not-for-profit organization with a mission to help organizations align their governance, risk and compliance management activities to drive business performance and promote integrity, a mission fully supported by IBS America.

OCEG provides a common language and objective best practice model that organizations of all sizes can use to enhance value by providing universal guidelines for integrated compliance and ethics programs. These guidelines help to measure effectiveness and performance against an objective, external benchmark.

"IBS shares OCEG's goal to promote greater awareness of compliance in common business environments and to build a better framework for addressing compliance requirements through cooperation," said Matthias Grossman, CEO, IBS America. "This position on the technology council allows us to contribute to the good work constantly being performed by OCEG within the industry."

"IBS America is a leader in compliance management technology solutions, and understands technology's role in helping companies improve their governance, compliance and risk analysis," said Scott L. Mitchell, Chairman and CEO of OCEG. "IBS' comprehensive knowledge of the compliance landscape will be essential to furthering the group's goals to educate businesses about the value of compliance."

About the Open Compliance and Ethics Group (OCEG)

OCEG is a nonprofit organization that provides a framework (the OCEG Framework) for integrating governance, compliance, risk management, and integrity into the tangible practice of everyday business; drives adoption of the Framework through a multi-industry, multidisciplinary coalition; and provides a community of practice for the exchange of information, tools, benchmarking and feedback for continual improvement of the Framework. For more information on OCEG and the OCEG Framework, visit http://www.oceg.org/ .

About IBS

Created by the acquisition of Quality Systems International (QSI) in 2001, IBS America, Inc. is a wholly owned subsidiary of IBS AG, the leading provider of highly integrated software applications that enable businesses to achieve and maintain compliance with a wide range of industry standards and regulations.

IBS boasts more than twenty years of experience helping thousands of customers profitably produce and deliver products and services while overcoming ever-evolving business challenges. IBS provides the integrated software technology necessary to create a Culture of Compliance that cuts across corporate "silos" and instills confidence in the organization's ability to achieve compliance goals.