Qumas wins Frost & Sullivan award
Dateline: 12 December 2002
QUMAS (www.qumas.com), the leading provider of Enterprise Compliance Management solutions for the Life Sciences industry, today announced that Frost & Sullivan (www.frost.com), a global marketing research and solution leader, has named QUMAS the 2002 winner of its Vertical Market Engineering Award for Vertical Market Penetration.QUMAS was recognized for its outstanding achieveme nt of 24% vertical market penetration of the world electronic regulatory document market for the Life Sciences industry.
Frost & Sullivan Industry Analyst, Amith Viswanathan, stated, “The Frost & Sullivan Market Engineering Award for Vertical Market Penetration is bestowed each year upon
the company that has been most effective in penetrating its industry’s vertical markets. QUMAS is one of the premier providers of regulatory compliance software for document management. With its emphasis on software development for the Life Sciences industry, we feel that QUMAS will quickly become the document compliance management system of choice for highly regulated sectors such as pharmaceuticals and biotechnology.”
Paul Hands, QUMAS CEO said, “The Frost & Sullivan award represents a significant achievement and milestone for the company. It is the strongest independent endorsement
received to date and reflects the confirmation of the industry’s widespread acceptance of our compliance solutions.”
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