SOURCE: QUMAS

March 16, 2006 16:39 ET

Independent Research Firm Names QUMAS as a Leader in New Governance, Risk and Compliance Platform Report

Research Firm Ranks QUMAS Number One in Two Out of Three Categories - Current Product Offering and Strategy

FLORHAM PARK, NJ -- (MARKET WIRE) -- March 16, 2006 -- QUMAS announced today that Forrester Research named the company as a leader in Governance, Risk, and Compliance Platforms in its recent report entitled "Forrester Wave™: Governance, Risk And Compliance Platforms, Q1 2006." The report is available in its entirety on the QUMAS website at www.QUMAS.com.

Register to Download the Forrester Wave™ Report on Governance, Risk And Compliance Platforms

The report compared QUMAS to nine organizations that provide governance, risk and compliance platforms, rating each company on the following focus areas: current product offering, strategy, and market presence. The technology providers were graded on a total of 99 types of criteria based on a detailed questionnaire, customer interviews, supplemental information, market visibility, and Forrester knowledge gathered from product demonstrations, briefings and ongoing research.

Forrester ranked QUMAS number one in two of the three main focus areas -- current product offering and strategy. As the overall leader in the current product offering area QUMAS had strong scores in documentation, assessment, loss event/incident management, overall technology, and customer satisfaction. QUMAS also came out on top in the strategy area, ranking high in terms of product vision, R&D investment, and strategic alliances. Forrester noted that QUMAS was "specifically focused on financial services and life sciences organizations -- and showed an amazing understanding of its platform for GRC in these verticals."

QUMAS was also highlighted for "thought leadership and a strong feature set that distinguishes it as a Leader in GRC platforms." QUMAS was cited "as one of the few vendors in our Wave evaluation with reference implementations for a range of risk and compliance purposes in large enterprises, as opposed to single-purpose implementations."

"We are thrilled to be ranked as a leader and one of the top GRC platform vendors in this new Forrester Wave," stated Paul Hands, CEO of QUMAS. "This is a phenomenal achievement that is a credit to the entire QUMAS team as well as our existing customers. We are proud of our organization's on-going commitment to visionary technology, market growth, and customer success."

About QUMAS

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 QCompliance 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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Contact Information

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