Quantivate Reports Strong 2013 Performance

Quantivate Reports Strong 2013 Performance

February 06, 2014 08:02 am

Woodinville, WA February 6, 2014 Quantivate (www.quantivate.com), a provider of web-based Governance, Risk, & Compliance (GRC) software and service solutions, announced today record growth numbers for 2013. This marks the seventh year of continued year-over-year growth for the company.

“We grew in a number of key areas in 2013 including revenue growth, new customers, multiple module sales, and products offered. Quantivate is expanding rapidly, and as we expand, we are excited to continue to offer a powerful GRC solution to our growing list of customers,” said Quantivate CEO and Founder Andy Vanderhoff.

Key Metrics

In 2013, Quantivate saw impressive growth over 2012. Including:

  • 48.7% Increase in revenue,
  • 155% increase in annually received revenue,
  • 5.3% increase in cross sale revenue,
  • 20% increase in new customers,
  • 34% increase in module sales.

Product Expansion and Corporate Rebranding

2013 also saw the company enter into the GRC market with the release of its Regulatory Compliance Manager (RCM) module. The new module provides a strong software solution for compliance managers to manage a wide variety of regulatory and compliance processes and ensures accountability throughout an organization. The software delivers key features to monitor pertinent regulations and other requirements, organize compliance documentation, run risk assessments, receive regulation alerts, and demonstrate proof of compliance through robust reporting.

In addition, the company took on a complete rebranding and corporate identity makeover. The new corporate branding underscores Quantivate’s continued growth and transformation to a complete Governance, Risk, and Compliance (GRC) software suite provider. Quantivate also evolved the names of its IT GRC and Internal Audit software modules.

2014 Outlook

Quantivate looks to continue its growth in 2014 with the release of new software modules, and additional personnel in sales, technology, and operations. To accommodate this growth, Quantivate plans to move to new headquarters mid-year.

“Following our impressive 2013 results, we have established a strong product roadmap and customer pipeline for 2014,” said Vanderhoff. “We continue to be very pleased with the market response to the growing list of modules in our GRC solution suite.”

About Quantivate

Quantivate is a leading provider of web-based GRC software and solutions to organizations both large and small nationwide. Founded in 2005 with the release of its Business Continuity Software, the company has grown to feature a full suite of modules for GRC including Business Continuity, Vendor Management, Enterprise Risk Management, IT GRC, Internal Audit, and Regulatory Compliance. Quantivate’s suite of integrated GRC modules is used by organizations in the Banking, Credit Union, Financial Services, State and Local Government, Healthcare, and other industries across the US. These    organizations use Quantivate software to effectively manage their Governance, Risk, and Compliance initiatives. For more information about Quantivate visit our website (www.Quantivate.com) or contact us at 800-969-4107.

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