Arrangement Will Provide Companies Worldwide With Greater Access to QUMAS Technology and Consolidate GRC Programs Onto a Single Framework
BOSTON, MA--(Marketwire - October 02, 2007) - Sibos Conference -- QUMAS, the leading provider of governance, risk and compliance (GRC) solutions, today announced a strategic partnership with LogicaCMG, a major international force in IT and business services. Under the terms of the agreement, LogicaCMG will offer the complete QUMAS portfolio of GRC solutions to its customers across a range of vertical industries.

The agreement expands the reach of QUMAS GRC solutions, capitalizing on its success to date in the life sciences and financial services industries. Through LogicaCMG's worldwide presence, QUMAS will gain increased exposure to a wide range of vertical markets. Based on a single consolidated framework that provides an enterprise-wide ability to manage GRC, QUMAS offers the only fully integrated approach to GRC, regardless of industry.

After several years of rising compliance management burdens, companies remain under pressure to comply with increasingly more formal, definitive and frequent disclosures to regulators. The emphasis now is on four primary objectives: sustaining an effective framework that manages risk & meets obligations; managing emerging changes in regulation and in business operations; reducing the cost and impact of compliance and assuring proper; accurate disclosure. LogicaCMG has the methodology which enables organizations to build the sustainable framework.

Compliance is a central issue for executives and a primary focus of managers across nearly all facets of operations. Manual controls are the most expensive and least sustainable method to achieve this compliance. The automation of controls and linking monitoring and validation to business processes is more sustainable and more cost effective over the long run -- QUMAS is the answer to these challenges.

"In response to the constantly evolving regulatory climate, our existing and prospective customers have been increasingly requesting GRC service-based offerings," said Lode Snykers, Managing Director, Global Financial Services, LogicaCMG. "With its domain expertise and history of delivering comprehensive solutions that simplify GRC management for the Chief Compliance Officer, QUMAS is the perfect company to meet this need. Our customers will benefit from having an out-of-the-box GRC solution that is both customizable and scalable to meet any business need."

At Sibos 2007 experts from both companies will be on hand at the LogicaCMG stand G23 to discuss how global organizations can benefit from a consistent approach and high-level framework to manage risk and controls.

By consolidating an enterprise's GRC initiatives into a single framework, companies can eliminate the cost of managing disparate and isolated applications.

"Similar to QUMAS, LogicaCMG has worked with global institutions for more than a decade, and has decades of experience selling business consulting, systems integration and IT services," said Kevin O'Leary, CEO of QUMAS. "This agreement exponentially extends our market reach while providing many of the world's best-known brands with an auditable and holistic view of compliance that will serve as the system of record for any company needing to met the demands of any regulatory body."

About QUMAS

With over a decade of experience, QUMAS is recognized as the world leader in Enterprise Governance, Risk and Compliance (GRC) with more than 250 customer deployments including global leaders such as Fidelity Investments.

The QUMAS solution facilitates an informed, risk-based response to GRC challenges across your business. QUMAS solutions channel and focus resources, providing overall governance and certainty to your state of compliance as well as meaningful reporting to stakeholders.

For more information visit http://www.qumas.com.