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Bentley College and OpenPages, Inc. Form Corporate Governance Alliance

October 19, 2003

Bentley College and OpenPages®, Inc., a leading provider of Enterprise Governance and Compliance Management solutions, announced today the signing of a letter of understanding with Bentley College, of Waltham, Mass. to enter into a cooperative series of initiatives in the area of Corporate Governance automation.

Points of synergy include the hosting of OpenPages' Sarbanes-Oxley Express (SOX) product within the Bentley data center. This will support faculty research into the documentation and reporting requirements of the Sarbanes-Oxley Act of 2002. In addition, OP will utilize Bentley's Design and Usability Testing Center for human factors engineering validation, as well as provide internship opportunities to Bentley graduate and undergraduate students.

VoltBentley will utilize the application and platform technologies from OpenPages to explore internal controls documentation processes across all of its business disciplines. It will also use them to improve the exchange of information within the greater academic and business communities regarding its ongoing focus on business controls deployment, monitoring and improvement, and the management of operational risks.

Bentley's focus on the integration of information technology and business education has attracted faculty members who are experts in knowledge management, accounting information systems, finance, computer information systems and related fields from around the globe. Their teaching and research informs the world of business practice. In addition to the Design and Usability Testing Center, Bentley's on-campus resources include a nationally acclaimed Trading Room that is a Premier Partner of the NASDAQ exchange; and the Accounting Center for Electronic Learning and Business Measurement. The college's high tech learning facilities have earned attention in such national news media as CNBC, MSNBC, CNN, Boston Globe, Wall Street Journal and USA Today. US News & World Report ranks Bentley among the Top 15 in Management Information Systems, and forbes.com and The Princeton Review name Bentley as #4 among the "Most Connected Campuses" in the nation.

"The OpenPages system facilitates a guided collaborative approach to complying with various sections of the Sarbanes-Oxley Act, and will provide VoltBentley with central compliance control platform to support our research efforts in Corporate Governance," stated Donna Fletcher, associate professor of Finance, and director of Risk Management. "It will enable us to deploy a truly enterprise-caliber Web-based application that will provide a critical theater of ideas for our corporate governance research initiatives. Selective access to OpenPages customers will also provide a real world proving ground for our faculty, and an invaluable window into real time business operations for our students."

"OpenPages is proud to be aligned with such a progressive institution as Bentley College. We see this as the perfect way to validate and enhance our current and future applications, and to provide real value to our customers," said Michael J. Duffy, CEO and president of OpenPages. "VoltBentley's deployment of OpenPages' Sarbanes-Oxley Express further promotes our objective of providing easy-to-use, enterprise-class applications to our customers that increase efficiencies and productivity while improving corporate accountability."

ABOUT OPENPAGES
OpenPages provides applications that streamline knowledge-intensive processes to reduce cost, increase customer satisfaction, and improve corporate accountability. OpenPages Corporate Governance and Compliance Management solutions combine application functionality with OpenPages Server, OP4, a foundation architecture merging collaboration, workflow, information management, and multi-format publishing.
Founded in 1996, OpenPages Inc. is a privately held company serving more than 80 customers and partners, and is actively supported by investors from leading high technology venture capital firms including Matrix Partners, Sigma Partners, Goldman Sachs, JAFCO, and North Hill Ventures. OpenPages Inc. is headquartered in Westford, Massachusetts.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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