Boston, MA — September 11, 2019: ETQ, the leading provider of quality management solutions, today announced that it grew its SaaS solution bookings by 100%+ in the first half of 2019. ETQ’s SaaS growth in the first half of 2019 is indicative of the company’s momentum in the QMS market and marks a strong start to the year as the company continues to scale sharply throughout 2019 and into 2020.
According to the Center for Economic and Business Research, every dollar invested in a quality management program produces $6 in revenue, $16 in cost reduction and $3 in profit. As organizations around the globe increasingly recognize the power of a comprehensive quality management system to improve business performance and competitive advantage, more and more are evaluating and investing in solutions that ensure quality standards are upheld at every stage of their product lifecycle – from design and manufacturing, to shipping and distribution. ETQ Reliance, the industry’s most complete and flexible QMS software, is the system to deliver that advantage today and as customers’ needs evolve in the future.
This year, companies from a host of industries – including Cabot Microelectronics, FUJIFILM Diosynth Biotechnologies, Jabil, Viant Medical and Steinhoff International – invested in ETQ’s quality management system, Reliance, to deliver a comprehensive approach to quality management. Additionally, dozens of existing customers, such as Avanos, Neenah Foundry, GE Transportation, a Wabtec Company, L’Oreal and St. Jude Medical, expanded their deployments of Reliance to harmonize on a single quality management system and broaden the use of Reliance across more quality processes.
“It has been extremely gratifying to see so many of our customers take the next step on their quality journeys – whether they’re investing in a quality management solution for the first time, adding new capabilities to their quality management system or expanding their QMS to new divisions and new geographies,” said Rob Gremley, CEO, ETQ. “Our Reliance platform was designed with flexibility and agility in mind. We deliver over 25 quality applications that are ready to use out of the box, but also recognize that every company will want to make some changes to those apps. The underlying platform in Reliance is designed to make those changes easy and to allow quality professionals to keep up with the inevitable pace of change in their businesses.”
The first half of 2019 also saw significant management team additions, as ETQ scales to meet demand and deliver on its vision of quality as a key to competitive differentiation. The company continues to aggressively hire across functions including Development, Sales and Customer Success.
ETQ is the leading provider of quality, EHS and compliance management software, trusted by the world’s strongest brands. More than 550 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.