July 22, 2021 (Newswire. com) –
Quantivate , a leader in governance, complication and compliance (GRC) a software program, today announced highlights from the main half of 2021, during which the business enterprise continued to grow revenues furthermore expand its customer base.
“Financial institutions actually are increasingly choosing Quantivate to improve their governance, risk and additionally compliance challenges, ” celebrity fad Chief Revenue Officer Circunstancia Bussadori. “This year, we’ve been seeing the results of turning off our go-to-market strategy. Benefits in retention, canal velocity and year-over-year bookings growth – combined with the unknown people largest deals in the businesses history – have support the best first half when you realize company’s inception in june 2006. ”
“We expanded our full-time team , also hired and promoted office personnel across product development, marketing, products sold and customer success. A strategic growth finances in Luminate Capital Partners, a non-public equity firm, allowed individuals to channel our aims and funding to set Quantivate up for continued success, ” said CEO and Be destroyed Andy Vanderhoff.
“It’s not enough to attract potential clients; smart businesses also pursue keeping existing customers, very well Bussadori said. “Launching today’s new customer success downline led by Vice President having to do with Customer Success Katie Jenkins resulted in net revenue maintenance in excess of 100% for the before anything else half of 2021. ”
“We revamped all of our marketing game plan under the économie of Vice President of Marketing The boy wonder Conner. By leveraging in-house expertise and taking advantage of implements and data, we’ve written an opportunity pipeline that generates at scale, ” Bussadori continued. “It includes the specified quality and volume to back up our ambitious growth offers across the acquisition, retention as expansion motions of our customer lifecycle. We’ve seen hacia 40% increase in our pipeline velocity, a all improvement in qualified bring about generation and a substantial decline in customer acquisition cost. inch
Quantivate accomplished 47% bookings growth year-over-year (YoY) between Jan. you and June 30 and as a consequence 45% bookings growth YoY during the second quarter. In addition , the software reported the following midyear end result:
- 50 percent increase in banking customers
- 1, 100 recognition union installations
- 10% annual recurring gain growth YoY
The company continues to turns out new product features. Issue Management is the latest applying it to its suite, counting Business Continuity, Vendor Executive, Enterprise Risk Management, IT Risikomanagement, Internal Audit, Regulatory Compliance, Insurance plan & Document Management and Criticism Management. Quantivate’s platform permits financial institutions to choose if they and also start by adopting departmentally in-line solutions then scale to actually full suite capability as they quite mature.
“Innovation is essential to our growth stratagem and a primary reason it and credit unions adhere to us, ” Vanderhoff assumed. “By continuously improving this particular Quantivate platform, we provide much of our customers with modern programs to streamline their GRC approach, gain insights and thus accelerate their GRC maturation. ”
Quantivate has provided web-affiliated governance, risk and complying software and service cleanse organizations of all sizes since then 2005. Since then, the company is actually to feature a full room of GRC modules, not to mention Business Continuity, Vendor Loss, Enterprise Risk Management, IT Risikomanagement, Internal Audit, Regulatory Compliance, Design & Document Management, Complaint Current administration and Issue Management. Your GRC solutions have aided thousands of companies transform how they manage risk, improve deference and strengthen governance. Check out visit https://www.quantivate.com
Communications : Robin Conner, Vp of Marketing
425-332-4675, robin. conner@quantivate. por