SOURCE: QUMAS

October 31, 2006 08:21 ET

QUMAS Ranked as One of Europe's Fastest Growing Companies for the Fifth Consecutive Year

Leading Compliance Vendor Surges on Global Need for Integrated Compliance Solutions

CORK, IRELAND -- (MARKET WIRE) -- October 31, 2006 -- QUMAS, the leading developer of enterprise governance, risk and compliance solutions, announced it has been named by the Europe's 500 Entrepreneurs for Growth as one of the 500 fastest growing companies in Europe for the fifth consecutive year. Europe's 500 Entrepreneurs for Growth is the annual ranking of high growth, job creating companies published by Europe's 500 Entrepreneurs for Growth and supported by Microsoft and KPMG.

"QUMAS possesses thought leadership and a solution with a strong feature set, a combination that has established the company as the leader in governance, risk and compliance (GRC) platforms," said Paul Hands, CEO for QUMAS. "We have a proven track record selling to companies in two of the most stringently regulated industries -- financial services and life sciences. It illustrates the demand for these products that we have made the Europe 500 list of the past five years."

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.

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