SOURCE: QUMAS

August 27, 2007 09:29 ET

QUMAS Announces User Group Steering Committee to Assist Customers With Compliance Planning and Programs

Leading Compliance Professionals to Provide Strategic Insight and Counsel for QUMAS User Group and Customers

FLORHAM PARK, NJ--(Marketwire - August 27, 2007) - QUMAS, the leading developer of enterprise governance, risk and compliance solutions, announced the creation of the QUMAS User Group Steering Committee, the first step in formally launching the QUMAS user group QUCOMM (QUMAS User Community). The steering committee will provide a forum for information exchange between the QUMAS user community and QUMAS regarding compliance market trends, strategic perspectives and how to best address compliance issues today and in the future. Founding members include representatives from Biogen Idec, Boehringer Ingelheim, Hollister Incorporated, ICU Medical, Millennium Pharmaceuticals, MPI Research, Neurogen Corporation, and Vertex Pharmaceuticals.

The Steering Committee is tasked with helping the QUMAS User Group foster the exchange of experiences, best practices and knowledge between people who use QUMAS technologies. The Steering Committee will also provide a sounding board for QUMAS management and influence strategic product development. The user group is open to all active QUMAS customers.

"This is an incredibly experienced and talented group with a strong background in governance, risk and compliance," said Kevin O'Leary, CEO, QUMAS. "We look forward to working with the Steering Committee to tighten our relationship with our end-user community and incorporate its insights into our strategic vision."

Led by Dr. Joerg Stueben of Boehringer-Ingelheim, the steering committee includes 15 compliance professionals who proactively manage their companies' compliance programs while responding to dynamic regulatory and competitive and pressures. They represent different geographic regions and industries to achieve a balanced representation of viewpoints from the life sciences and financial services industries. The committee will continually have multidisciplinary representation including compliance, regulatory affairs and quality management professionals, reflecting the diverse base of the QUMAS user population.

"User groups are an excellent means of building true partnerships between vendors and users," said Dr. Joerg Stueben, Chair. "Our participation on the steering committee provides us with an avenue to exchange strategic ideas with the company and use that dialogue to better help the user community meet their enterprise, governance, risk and compliance initiatives."

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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