Quantivate Reports Record-Setting Growth
July 14, 2011 10:07 am
Woodinville, WA July 14th 2011—Quantivate, a leading provider of cloud-based Business Continuity, Vendor Management, Risk and Compliance software and services, today announced record-setting revenue results for the first half of 2011.
In the first half of 2011 company revenue increased 101 percent over the same period of 2010. This tremendous growth reflects strong, accelerating market demand for next generation continuity, risk, and compliance software and services. In addition, the first half of 2011 saw Quantivate sign 28 new customers for its software and services and re-sign 99 percent of existing customers.
“More and more organizations are recognizing and embracing the value of the solutions we offer as they address the growing challenge of increased regulatory and stakeholder demands– and Quantivate’s accelerating growth and momentum reflects this,” said Andy Vanderhoff chief executive officer. “Quantivate’s leadership and innovation are delivering a new level of capability to large and small organizations, allowing them to see data integration and analysis in ways that were previously not possible.”
Key growth drivers for Quantivate include:
- Exceptionally strong demand for business continuity, risk, and compliance solutions driven in large part by increasing regulation.
- Continued expansion into new and existing verticals such as: Banks, Credit Unions, Financial Services, Energy, Technology, Manufacturing, State & Local Governments, and Medical.
- Recent releases of new products including Enterprise Risk Management and Emergency Notifications.
- Strong customer satisfaction as shown by 99 percent customer renewals.
“Our software and services play an ever increasing critical role in today’s risk filled business environment,” Vanderhoff said. “As a result, more customers are implementing Quantivate solutions to improve their continuity, risk and compliance initiatives.”