SOURCE: QUMAS

QUMAS

February 14, 2012 08:00 ET

Record Growth for QUMAS in 2011

CORK, IRELAND--(Marketwire - Feb 14, 2012) - QUMAS today announced record growth in 2011, driving the success of the company and providing further evidence of its leadership position in Compliance Management. Bookings in 2011 were up 18% over 2010, with new client software bookings up 37%. This growth enabled QUMAS to deliver another profitable year, a trend that QUMAS has sustained over the last several years despite the global economic downturn.

2011 saw QUMAS add significantly to its global client base in the U.S., Europe and Asia, and also add new clients on its Regulatory Compliance Solution based on Microsoft SharePoint 2010, ComplianceSP.

In the second half of 2011, QUMAS expanded its recruitment program globally, adding new staff in Germany, Ireland, and across the U.S. in San Francisco, Atlanta, New Jersey and Boston.

"We are delighted with the record growth numbers for QUMAS in 2011," said Kevin O'Leary, CEO, QUMAS. "We are reinvesting heavily in the business to accommodate our ever-growing pipeline of new business, and see 2012 as a year of extensive growth for the company, both in terms of size and revenues."

The QUMAS Compliance Platform is a closed-loop compliance solution that combines all of the elements of a cohesive regulatory compliance program, onto one platform. It delivers comprehensive capabilities around document management and process management, presenting these through a unified user interface, with integrated learning management, and consolidated reporting and dashboarding, all driving regulatory compliance and ultimately delivering better business performance. The QUMAS Compliance Platform is now available on Microsoft SharePoint 2010 as well as Documentum, Oracle and SQL. QUMAS will shortly release a solution for third party compliance and collaboration.

QUMAS will also be announcing a series of new client acquisitions over the coming weeks.

About QUMAS

QUMAS is the leader in Enterprise Compliance Management Solutions with more than 260 global customer deployments and 20 years' experience within the Life Sciences sector. QUMAS provides a closed-loop Compliance Platform that enables you to integrate the common elements of compliance, including content, processes, people and systems, across your organization. QUMAS Solutions for document, quality and incident management, submission management and regulatory approval enable you to accelerate your time to market, decrease compliance risks, improve operational efficiencies and reduce overall quality costs. QUMAS is a Gold Microsoft Partner, and provides the QUMAS Compliance Platform on SharePoint 2010, Documentum, Oracle or SQL.

For more information, visit www.qumas.com.

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