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OpenQ Delivers Substantial Growth in 2011 and Outpaces Competitors

2/23/2012 3:26:53 PM

Charlottesville, VA – OpenQ, a provider of compliance software and data solutions for life sciences companies, today announced business data which demonstrated significant growth in 2011. OpenQ outpaced its competition with a 54% increase in investments in software and data product development in 2011, based on a 2010 year-end comparison. In 2011, OpenQ increased staff by 68%, adding headcount to all its major areas of presence including the U.S., Europe, South America and Asia. In addition, OpenQ’s strong financial performance included expansion in revenue and customer base by more than 33%.

“Our unrelenting pursuit of the highest quality, most reliable software products and data has led to our success in customer growth and expansion,” said Jim Zuffoletti, President, OpenQ.

“Our ongoing, substantial investment in our products and services demonstrates a real understanding of clients’ need to be confident in the selection of external vendors. Increasing scrutiny has really changed the way Pharmaceutical Companies do business, and OpenQ is committed to helping our customers protect organizational assets while creating efficiencies and improving performance.”

In 2012, OpenQ is opening an office in New York, NY. This office will further increase our commitment to the social mobile compliance needs of Life Science Companies . In 2011, OpenQ announced the addition of its app ‘MobileQ for the iPad’ to the Apple store. To date, OpenQ is the only company in its category with a native app recognized by Apple. The company also secured $5.5 million in Series B funding for global and product expansion. MobileQ in the Apple iTunes App Store.

About OpenQ:

Based in Charlottesville, Virginia, OpenQ helps life science companies harness the power of medical networks to reach healthcare providers (HCPs) compliantly and efficiently. OpenQ’s solutions combine Big Data with expert validation and software applications to deliver actionable information that mitigates compliance risks, while leveraging the latest cloud-based and mobile applications to improve compliant medical network access, collaboration and management. The Company offers award-winning solutions for KOL Management, Medical Affairs Programs, Study Management and Grant Funding, and Speaker Programs.

Learn more about OpenQ’s offerings by visiting

Apple, App Store, iTunes, and iPad are trademarks and service marks of Apple Inc. OpenQ Inc. | 410A E. Main St. Charlottesville, VA 22902 | Phone: 434.207.4265 | Toll Free: 1.866.317.8343 | Fax: 434.977.0772 | © 2012 OpenQ, Inc.

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