Active Risk sees first half revenues rise by 12%
Active Risk (formerly Strategic Thought Group), author of award winning Enterprise Risk Management software Active Risk Manager (ARM) has announced an increase in revenue of 12% in the first six months of its financial year to the end of September 2011.
Active Risk Manager (ARM) software licence sales were up 10%, with service revenues increasing by 6% and support revenues seeing a 15% uplift. ARM is a web-based enterprise risk management solution used by leading international companies and on some of the world’s most demanding projects.
Lynton Barker, Executive Chairman of Active Risk said, “In the last year we have moved more resource into frontline selling and are seeing the returns even though the global economy remains fragile. We continue to make progress and have also made a good start to the second half of our financial year. Since October 1 we have added a further five ARM contracts, including a major global construction company.
“With the current problems in Europe and slow economic growth in the US, senior executives realize that their organizations are facing challenges and the need to manage risk and exploit opportunities has never been greater. Active Risk Manager is recognized as having the most extensive range of enterprise risk management software capabilities available today and provides companies with the opportunity to drive competitive advantage from their risk management capabilities.”
Active Risk customers worldwide include Rio Tinto, Alstom, Lockheed Martin, Leighton Contractors, EADS, Eurocopter and the US Air Force.
About Active Risk
Active Risk (formerly Strategic Thought Group)* (AIM:STR) addresses enterprise-wide risk management (ERM) and governance, risk and compliance (GRC) requirements with advanced software and services that can be implemented across organizations in all industry sectors.
Active Risk Manager (ARM) is recognized as having the most extensive range of ERM software capabilities available today. ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats. It covers project and portfolio risk, supply chain risk management, business continuity, controls management, reputational risk, health and safety, incident management, governance, compliance risks and more.
Active Risk has main offices in the UK and USA and services customers worldwide directly and through a growing network of partners.
For further information and a detailed view of Active Risk's products and services visit www.activerisk.com or call +44 (0)1628 582500 (EMEA/Asia Pacific) or +1 703 673 9580 (Americas).
Press contact: Mary Phillips/Andreina West, PR Artistry Limited
T: +44 (0)1491 639500