FirstRand Banking Group Selects OpenPages ORM to Reduce Basel II Capital Allocation CostsWALTHAM, MA--(Marketwire - July 21, 2008) - OpenPages®, a leading provider of enterprise GRC management solutions that optimizebusiness performance, today announced that FirstRand Banking Group , one ofSouth Africa's largest banking organizations, has selected the OpenPages Operational Risk Management (ORM) solution to address Basel II capital allocation costs as part of thecompany's overall risk management strategy. FirstRand selected OpenPagesORM because of the solution's rapid time to value and its overallfunctionality, as well as OpenPages' highly regarded domain expertise andleadership position in the risk management space.