JERSEY CITY, NJ--(Marketwire - April 14, 2009) -
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"Improved profitability and the steady increase in revenues serve to reinforce the leadership position that QUMAS holds in this space," said Brian Stack, CFO of QUMAS. "At a time when many of our competitors are being negatively affected by the economic downturn, the financial stability of QUMAS is a leading indication of the strength of the company and our solutions."
As QUMAS reinforces its dominance in the Regulatory Compliance marketplace, its thought leadership and world-class solutions continue to attract new clients. QUMAS was recently selected by a major European Blood Supply Foundation to provide a fully auditable Regulatory Management Solution.
Compliance solutions are becoming increasingly critical, as evidenced by recent G20 statements on plans for recovery and reform. As QUMAS expands the business to meet the demands of its growing client base, the focus will continue to be on retaining its leadership position across the compliance function, and on proactively building a strong client community that will continue to push for regulatory responsibility and oversight across sectors.
QUMAS is today hosting a 'Change Control Best Practices' webinar with AMR Research and a Top 10 pharmaceutical client at 11:00am EDT (recording will be available on the QUMAS website). QUMAS is also planning a Seminar in Boston on Compliance Management Best Practices on Tuesday, April 28th, 2009, where Mark Weber from Lantheus Medical Imaging will discuss his recent implementation of an electronic document management solution for establishing enterprise compliance and successful regulatory review.
About QUMAS:
QUMAS is the leader in Enterprise Regulatory Compliance Solutions with more
than 250 global customer deployments and over a decade of experience
helping companies in highly regulated industries. For more information
visit www.qumas.com
