SOURCE: Convercent


October 16, 2015 06:00 ET

Convercent Announces Strong Third Quarter

Company Logs Two Sequential Quarters of 50% Growth, Celebrates Growing List of Enterprise Customers and Analyst Recognition Amid Compliance Market Shakeups

DENVER, CO--(Marketwired - Oct 16, 2015) -  Convercent, the SaaS company transforming the way corporate compliance is managed, today announced continued success at the close of the third quarter in 2015. The company logged a second consecutive quarter with more than 50% quarter-over-quarter sales growth, added a slew of enterprise companies to their customer list and were recognized for their innovation with two industry analyst awards.

"Convercent's traction is a clear indication that this market is ready for a new set of tools to meet the needs and challenges of today's dynamic business environments," said Patrick Quinlan, CEO of Convercent. "Then add to this the clamor for reliable and accessible service to support those tools and their users. While others in this space are focused inward on reconciling business operations due to M&A activity, we've been able to stay singularly fixated on building upon and supporting the most innovative and easy-to-use integrated compliance solution on the market."

Customer Acquisition
Behind the growth numbers for this quarter were Convercent's additions to its growing roster of global customer companies, which included:

  • AirBnB
  • AMC Entertainment Holdings
  • Belden
  • Bemis
  • CorePower Yoga
  • Fresh & Easy Neighborhood Market
  • Minerals Technologies
  • Regal Beloit
  • Ruby Tuesday

Analyst Recognition
Convercent was the recipient of two 2015 Innovation Awards by GRC analyst firm GRC 20/20. The fourth annual awards recognize technological innovations and user experience in governance, risk management and compliance programs and processes. Convercent collected two awards in the User Experience category: the first for its Predictive Analytics in the Issue Reporting & Management segment, and the second for its Disclosure Manager in the Compliance Management segment.

About Convercent
Convercent's risk-based global compliance solution enables the design, implementation and measurement of an effective compliance program. Delivering an intuitive user experience with actionable executive reporting, Convercent integrates the management of corporate compliance risks, cases, disclosures, training and policies. With hundreds of customers in more than 130 countries -- including Philip Morris International, CH2M Hill and Under Armour -- Convercent's award-winning GRC solution safeguards the financial and reputational health of your company. Backed by Azure Capital, Sapphire Ventures (formerly SAP Ventures), Mantucket Capital and Rho Capital Partners, and based in Denver, Colorado, Convercent will revolutionize your company's compliance program.

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