SOURCE: QUMAS

QUMAS

October 18, 2011 08:45 ET

Record QUMAS Deals in Q3 2011

CORK, IRELAND--(Marketwire - Oct 18, 2011) - QUMAS today announced record bookings through the third quarter of 2011, driving the success of the company and providing further evidence of its leadership position in Compliance Management. These deals have been driven by a number of factors, not least QUMAS's successful expansion into Asia, closing two significant deals in Japan and South Korea with leading Life Sciences companies, and partnering with CTCLS, one of Japan's leading solution providers specializing in the integration of Research and Development support systems for Life Sciences companies. QUMAS now has operations and global services in Asia, Africa, Europe, and it's traditional hub of the United States.

As QUMAS continues to work with longtime clients in large Pharmaceutical companies, the client base of Generics manufacturers continues to show strong growth, both in new client acquisition and in the increasing levels of engagement with existing Generics clients. QUMAS has also recently signed a number of new Biotechnology and Medical Device clients, further widening its footprint across the Life Sciences Industry.

Outside of Life Sciences, QUMAS is working with Automotive and Insurance giants, providing Contract Management and ISO 9001 solutions on the QUMAS Compliance Platform. The expansion of this platform into other industries is further acknowledgement of the success of the Platform approach by QUMAS, which facilitates the centralization of all compliance activities and the replacement of legacy point applications, providing broad ranging compliance capabilities across all regulated industries.

"I'm delighted to see that the significant investment we made in R&D is now driving record growth for QUMAS," said Kevin O'Leary, CEO, QUMAS. "It is particularly encouraging to see this record achieved in the third quarter of the year, with even greater expectations for the fourth quarter. It is also satisfying to see this growth built on Pharmaceutical, Biotechnology, Medical Device, and other regulated industries, proving the broad applicability of our Compliance Platform across industries."

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. An acknowledged industry leader, the QUMAS Compliance Platform is now also available on Microsoft SharePoint 2010 and will shortly release a solution for third party compliance and collaboration.

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

About QUMAS

The QUMAS Compliance Platform delivers control across the business ensuring compliance mandates are not only adhered to but ultimately deliver tangible business performance improvements across the organization.

QUMAS is the leader in Compliance Solutions with more than 260 global customer deployments and two decades of experience in highly regulated industries.

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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