Press Releases
QUMAS Named 'Company Of The Year' By The Irish Software Association
Secures Prestigious Award By Establishing Leadership Position In Governance, Risk And Compliance Market Sector
CORK, IRELAND — November 13, 2006 - QUMAS, the leading developer of enterprise governance, risk and compliance solutions, today announced it has been named Company of the Year by the Irish Software Association (ISA), the principal trade association for the Irish software industry. The ISA bestowed the award on QUMAS at the ISA's annual dinner on November 10th at the Burlington Hotel, Dublin, citing the company's outstanding success and achievements in the compliance software industry.
"This is a great achievement for QUMAS and one that reaffirms what our customers and partners already know: that QUMAS is the company best-suited to help firms in highly regulated industries take control of their compliance challenges and use our solution to achieve competitive advantage," said Paul Hands, Chairman of QUMAS. "It also shows the tremendous success of the Irish software community. Multi-billion dollar global companies seeking market leading solutions no longer look strictly to the U.S. They are increasingly finding the best solutions here in Ireland."
QUMAS was specifically noted for its achievements over the past year, including:
- Securing the highest possible ranking from Forrester Research, a leading worldwide technology analyst firm, in its "The Forrester Wave™: Governance, Risk and Compliance Platforms, Q1 2006"
- Securing several strategic partnerships in the Life Sciences industry. and continued expansion of its Life Sciences customer base to help more pharmaceutical and biotech companies bring new innovative drugs to market by assuring their product safety and consistent quality
- Major Financial Services deals including one with the most profitable global investment banking institution in the world, and one of the largest US commercial banks
Building on its ongoing success, QUMAS recently announced the opening of a new Research & Development Centre at Cleve Business Park, Cork, with a substantial investment of €4.4 million and backing from Enterprise Ireland. QUMAS expects to expand its R&D department, including the creation of 40 new jobs, with the goal of continuing its track record of bringing new and innovative software solutions to market.
About QUMAS
With over a decade of experience, QUMAS is the only global compliance software company offering a complete solution to regulated industries. Recognized as the world leader in Enterprise, Governance, Risk and Compliance the company has over 250 customer deployments including global leaders such as Fidelity Investments.
The QUMAS solution facilitates an informed, risk-based response to compliance challenges across your business. The QUMAS Compliance Framework channels and focuses resources, providing certainty to your state of compliance as well as meaningful reporting to stakeholders. The result is an optimized closed-loop compliance environment.
The QUMAS Compliance Suite™ provides an end-to-end compliance solution framework that enables organizations to achieve a continuous state of compliance. QUMAS delivers fully integrated Policy and Procedure definition together with business process enforcement, extensive monitoring and reporting facilities that help organizations improve their overall business performance.
For more information visit http://www.qumas.com.
About the ISA
The Irish Software Association (ISA), which has represented the interests of software and computing services in Ireland since 1978, is the principal trade association for the software industry in Ireland. Its core mission is to promote the common interests of the software sector as a whole as well as serving as a key resource to member companies by providing an organized forum for the exchange of ideas, sharing of resources and promotion of industry goals and influencing public policy. The ISA assists software companies to start, manage and grow their companies and to help them to be successful in global markets. Visit www.software.ie for more information.
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