In May 2007, IBM announced its new initiatives for enabling businesses to solve their governance and risk management challenges. The scope of IBM products and services brought to bear on this announcement illustrates not only the comprehensive nature of the risk management challenge, but the fact that IBM understands its nature, and is well positioned to help businesses of all sizes address the challenge across multiple domains. While the market of governance and risk management tools continues to mature and present IBM with opportunities for further penetration into new and emerging technologies and approaches, the company's portfolio as it is today represents one of the most complete set of products and high-value services for addressing a spectrum of needs, from the design and development of IT services to service management, support and defense throughout the distributed enterprise. This complement of IBM strengths poses a significant challenge to other competitors seeking to stake their claim in this broad and demanding field of high significance to today's more risk-aware business.