Woodinville, WA (March 9, 2015) – Quantivate (www.quantivate.com), a privately held provider of web-based Governance, Risk, & Compliance (GRC) software and service solutions, announced today its 2014 revenue growth numbers continuing its growth trend.
2014 was another strong year for Quantivate. The company reports a 31.1% growth of gross revenue over 2013. 64% of that growth is in new customer engagements and 36% was existing customers adding additional GRC modules or signing new contracts.
“I’m proud to share that Quantivate has again achieved new levels of success for 2014. This demonstrates the strengths of our team and solutions,” said Quantivate’s founder and CEO. “Our continued growth is a testament to why I originally started Quantivate which was to provide flexible, cost effective, easy-to-use solutions for organization’s risk management and regulatory compliance needs.”
2014 also saw Quantivate grow in additional headcount and move to new corporate headquarters. During the year Quantivate doubled the size of its sales department and added to its professional services team to respond to growing market demands and help the company expand to additional market verticals. 2014. In order to accommodate the growing team, in July of 2014, Quantivate moved to new headquarters located in Woodinville, WA. The new headquarters more than triples the total amount of space the company had to accommodate its continued growth.
“With our new team members in place at our new headquarters the company will be able to meet the needs of our new and existing customers,” said Vanderhoff. “2015 is our 10 year anniversary,” he added. “Not only are we planning to expand our reach to multiple industries. We also have new products and groundbreaking enhancements planned for release in 2015 that should really excite our customers.”
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 are used by organizations in Banking, Credit Union, Financial Services, Insurance, Manufacturing, Retail, 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.