Leading Compliance Vendor Achieves Mark with Closed-Loop Compliance Process, Providing Comprehensive, Holistic Insight and Control for Enterprise Compliance Initiatives
FLORHAM PARK, New Jersey — November 7, 2006 - QUMAS, the leading developer of enterprise governance, risk and compliance solutions, today announced its inclusion for the fifth consecutive year on the Software 500, Software Magazine’s list of the world’s foremost software and services providers, published as an online catalog on www.Softwaremag.com.
QUMAS is a leading developer of enterprise compliance management solutions designed to help regulated industries meet industry best practices and external regulatory standards. For more than a decade, the company has provided industry-proven solutions to market leaders in heavily regulated industries, such as life sciences and financial services.
"Faced with exposure to an expanding pool of risks and in an increasingly litigious environment, highly regulated industries are looking to simultaneously minimize their exposure and control the overall cost of compliance," said Paul Hands, CEO at QUMAS. "This has compelled high-performing companies to take a holistic approach to their compliance initiatives rather than the traditional siloed view. Companies are turning to the QUMAS closed-loop compliance model to better monitor, control and audit their compliance activities."
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.
The QUMAS ranking is based on total worldwide software and services revenue for 2005. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
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 Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies, now in its 24th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About King Content Co. and the Software Marketing Perspectives Conference & Expo
King Content Co., owner of Software Magazine, is holding the third annual Software Marketing Perspectives Conference & Expo at the Marriott Boston in Newton, Mass., May 23-25, 2007. A Call for Papers will be issued in October and will be open through the end of November. The SMP event brings together technology product managers, marketing communications and public relations professionals in a two-day conference program. Conference attendees aim to increase their personal success by learning from their peers and making connections. More information about the 2007 event will be coming soon.
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