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Hughes Network Systems LLC Selects OpenPages FCM for Sarbanes-Oxley Compliance

(June 19, 2007)-- OpenPages, provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced Hughes Network Systems, LLC (Hughes) has selected OpenPages FCM for its Sarbanes-Oxley compliance initiatives. OpenPages FCM was selected by Hughes because of the flexibility and configurability of the solution, which provides a streamlined and sustainable approach to achieving compliance with Sarbanes-Oxley.

Together with technology from partner Approva Corporation, which automates the end-to-end financial and operational controls management process, OpenPages FCM allows Hughes to automate the ongoing test and review of its controls documentation so that it may reduce the time and resource costs associated with Sarbanes-Oxley Section 404, and to help Hughes better implement internal audit and enterprise risk management solutions.

Hughes is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet® encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Hughes has shipped more than 1.2 million systems to customers in over 100 countries. Its broadband satellite products are based on the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI, and ITU standards organizations. Headquartered outside Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. 

Through a joint partnership that began in August 2006, OpenPages and Approva enable organizations to strengthen their overall controls environment while significantly reducing overall compliance costs. OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

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