Press Release

Convercent Continues Rapid Growth in Q3 2014 with 45% Increase in New Bookings

Convercent, today announced that momentum from the company’s record Q2 growth continued in Q3, achieving 45% quarter-over-quarter growth during the quarter ended September 30, 2014. Convercent’s third quarter was highlighted by the September introduction of Risk Manager—a major technology innovation in governance, risk and compliance (GRC).

Convercent has maintained its fast growth based upon the strength of its risk-based global compliance solution—the first single, end-to-end compliance management platform that empowers a company to design its compliance program initiatives entirely around its risks. Convercent’s integrated measurement shows how those risks are being addressed across initiatives.

“Our technology gives us a real market advantage that’s translating to customer wins and growth. Convercent provides the only solution that can really manage and measure your entire compliance program from one platform, and that integration brings not only better visibility into risk, but also greater control and more measurable results,” said Patrick Quinlan, Chief Executive Officer at Convercent.

“We’re pleased that the Company’s momentum carried over from the record growth of Q2 for another strong quarter in Q3,” Quinlan continued. “Convercent is positioned well for long-term success and in a strong position to help our customers simplify the management of enterprise risk and compliance.”

Convercent’s new Third Party Risk Manager weaves risk throughout the Convercent platform to better prioritize compliance and risk management efforts. The cloud-based platform provides a single solution to manage and measure your entire compliance program. A visual dashboard provides immediate insight of an organization’s most pressing issues, along with a clear path to mitigate those risks and real-time visibility to monitor and manage the steps being taken to address them.

Read more about the Risk Manager solution and other recent news and momentum at https://www.convercent.com/news.

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