Burlington, MA – February 19, 2019: ETQ, the leading provider of Quality Management System (QMS), Environment, Health and Safety (EHS), and compliance management Software-as-a-Service (SaaS) solutions, today announced that it closed 2018 with record growth driven by a more than 100 percent increase in SaaS solution bookings for the year. This performance, on the foundation of new product and corporate initiatives in 2018, sets the company on a strong path to scale in 2019.
ETQ added a variety of new customers from a range of industries, such as A.O. Smith, Integra Life Sciences, NEO Technology Solutions, Nuvasive, Spark Therapeutics and Virgin Galactic. The company also grew its work with existing customers, including American Airlines Corp., Avanos (formerly Halyard Health), Chobani, GE Transportation, Ingersoll Rand, L3 Technologies and FUJIFILM Medical Systems, as they expanded their deployments of ETQ’s solutions.
As demand for QMS continues to accelerate – LNS Research projects global annual spend in the $2.3B market to grow at a 27 percent compound annual growth rate (CAGR) over the next three years – ETQ is well-positioned to address businesses’ quality and compliance needs. In January, the company announced its updated platform, ETQ Reliance 2019, which includes seven new integrated SaaS solutions to support customers’ unique quality programs and workflows. The enhanced offering also features a new user interface and 35 automated processes to enable customers to manage quality initiatives as efficiently and collaboratively as possible.
To support its customers’ QMS deployments, ETQ debuted ETQ Academy in October 2018, which delivers ETQ Reliance training with comprehensive certifications, rich eLearning curricula and easily digestible best practices. Since its launch, ETQ Academy has tripled the number learning assets for customers, and nearly 1,500 users have taken advantage of ETQ Academy offerings.
Steering ETQ’s roadmap and continued growth is Robert Gremley, who joined the company in March. With the company successfully relocated in the technology ecosystem of Greater Boston, ETQ has hired aggressively, adding talent and strength in development, sales, customer success, marketing and support. Flanked by a leadership team that brings unparalleled experience scaling high-growth companies, Gremley is committed to cementing ETQ as the trusted partner for quality initiatives.
“Quality creates enormous business leverage for a company,” said Gremley. “Not only is quality essential for establishing customers’ trust, it is a major contributor to brand differentiation, profitability, new product introduction efficiency and time-to-market velocity. As industries worldwide embrace automated quality management and compliance, ETQ is leading customers into the future with powerful and flexible QMS solutions and services to help customers build a competitive edge in their markets. With our technology, our loyal customer base and our growing team in Boston, we have what it takes to enable customers to widen that advantage in 2019.”
ETQ is the leading provider of quality, EHS and compliance management software, trusted by the world’s strongest brands. More than 500 global companies, spanning industries including electronics, heavy industry, food and beverage, and medical devices, use ETQ to secure positive brand reputations, deliver higher levels of customer loyalty and enhance profitability. ETQ Reliance offers built-in best practices and powerful flexibility to drive business excellence through quality. Only ETQ lets customers configure industry-proven quality processes to their unique needs and business vision. ETQ was founded in 1992 and has main offices located in the U.S. and Europe. To learn more about ETQ and its various product offerings, visit www.etq.com.