QUMAS Expands U.S. Headquarters in New Jersey

Leading developer of risk and compliance management solutions to increase presence and headcount in Florham Park office
Florham Park, NJ - April 25, 2005 - QUMAS, the leading developer of enterprise risk and compliance management solutions for regulated industries, including Financial services and Life Sciences, today announced that it has expanded its U.S. headquarters in Florham Park, NJ, to support the growing demand for its compliance solutions. The new office features a dedicated training facility, and a state of the art data center to facilitate project work for customers.

"Expanding our U.S. headquarters reflects the explosive growth in the compliance and corporate governance marketplace. As the dominant player in providing enterprise compliance solutions to Life Sciences we have taken our expertise gained over the last decade to address SEC and other corporate legislation," said Paul Hands, CEO of QUMAS. "While we have always been in New Jersey, our new office will allow us to provide an even higher level of service to our Life Sciences customers, as well as new Financial Services customers in the United States."

"I am delighted to be here today to officially open QUMAS's U.S. headquarters here in Florham, NJ. The expansion of QUMAS highlights an emerging trend of globally successful Irish businesses building a strong presence in the United States," said Micheál Martin, Ireland's minister for enterprise, trade & employment.

"QUMAS is representative of those Irish technology companies that are delivering true value to customers and experiencing the type of growth that fuels global expansion," said Frank Ryan, CEO of Enterprise Ireland, an Irish government agency responsible for the development of Irish industry globally."

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 Risk and Compliance Management, the company is a regular winner of industry awards for innovation and excellence.

QUMAS's comprehensive suite of compliance management applications has been developed specifically for regulated industries and ensures corporate compliance with the full spectrum of global regulations, including Investment Company Act 38a-1, the USA PATRIOT Act, Sarbanes Oxley, 21 CFR Part 11 and cGxP.

QUMAS provides off-the-shelf applications, ready for validation and deployment within regulated environments. Based on open systems platforms, QUMAS technology integrates seamlessly with existing corporate databases, applications, operating systems and hardware from all major vendors.

The QUMAS worldwide headquarters are located in Cork, Ireland, with U.S. headquarters in Florham Park, NJ, and satellite offices throughout the United States and Europe.

For more information visit our Web sites at www.qumas.com.

Contacts:
Michael Kane
Director of Marketing
QUMAS
(978) 257-2179