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 ARM enjoys successful Q1 (08/07/2009)

STG is pleased to announce new licence and services sales from around the globe for its leading enterprise risk management software, Active Risk Manager (ARM).  Significant new deals originated in Europe, Australia and the USA in the first three months of Strategic Thought’s financial year.

The first quarter included the addition of two new major organisations to the ARM user community.  Early in the quarter a global manufacturer of packaging products with over 26,000 employees in 38 countries across the US, Europe, Asia and Australia signed a contract with Strategic Thought Inc for both Active Risk Manager licences and services. The quarter drew to a close in June with an important contract for both licences and services with a US provider of technology to a large percentage of the world’s operating commercial nuclear power plants.  

A major new contract for ARM services was also agreed with Europe’s largest manufacturer of defence and civilian helicopters, Eurocopter in France.  Eurocopter and its parent company EADS Group have been using Active Risk Manager since 2005 to manage project and business risk.

Further Active Risk Manager licences, services and training courses have been sold to the UK MOD during the first three months of the financial year.
 
Cyril Moreau, President of Strategic Thought Inc in the US said, “By building on our core competencies in project and program risk we are continuing to see success with leading organisations in the US, Australia and Asia.  As customers become more aware of the power and flexibility of Active Risk Manager they increasingly plan to adopt it for corporate-wide enterprise risk management (ERM) processes.   ARM was cited as the best value proposition for ERM in the July 2009 report The Forrester Wave: Enterprise Governance, Risk and Compliance Platforms, Q3 2009.  These significant contract wins certainly support the findings of this independent research.”

Existing customers also signed follow-on deals.  After the implementation of Active Risk Manager by Leighton Contractors in Australia, Leighton Asia is to deploy ARM to additional projects and business units across Asia. Leighton Holdings, the parent company of both Leighton Contractors and Leighton Asia, is the largest project development and contracting group in Australia.

Martin Metcalf, CEO of Strategic Thought Group concluded, “We are delighted with the increase in contracts for combined Active Risk Manager licences and services.  Enterprise risk management is not just a concept but is increasingly an integral element of corporate strategy.  Customers do not just buy software - they want the business results which that solution can deliver.  By working with our Risk Practitioners, trainers and technical services teams they can quickly see the benefits of effective risk and opportunity management across their business.”  

Active Risk Manager is the world’s leading web-based Enterprise Risk Management system.  ARM enables the identification, registration, communication, analysis and management of risks and opportunities and is designed for project, operational and enterprise-wide risk management.

About Active Risk Manager from Strategic Thought Group plc

Strategic Thought Group (STG) provides risk/reward-focused software and services to enable true enterprise-wide risk management. Active Risk Manager™ (ARM) from STG is the world's leading web-based Enterprise Risk Management system. ARM enables the identification, registration, communication, analysis and management of risks and opportunities.

ARM aids compliance with project, operational and enterprise-wide guidelines. The effective management of risks and opportunities allows companies to act within corporate governance requirements and industry standards while balancing the risk/reward mix to maximise the return on opportunities. 

STG was founded in the UK in 1987 and opened offices in the US in 2004.

Active Risk Manager is used by major organisations around the globe including BAE Systems, British Nuclear Group, Rio Tinto, Lockheed Martin, Nestle, NASA, London Underground, Raytheon and SABIC.

For further information and a detailed view of Strategic Thought's products and services visit www.strategicthought.com or call +44 (0)1628 582500 (EMEA) or +1 703 673 9580 (Americas).