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Simplifying compliance and risk management
TruArx Realizes 176 Percent Revenue Growth and Strong Customer Demand
February 4, 2010
Farmington Hills, Mich.
TruArx, the leading provider of cost-effective, easy-to-implement IT Governance, Risk and Compliance (GRC) solutions, announced it has achieved record growth in 2009, despite a very difficult business climate. According to TruArx President Robert Capinjola, TruArx Software-as-a-Service (SaaS) revenue grew by more than 176 percent from 2008 to 2009. Sales growth was also significant, with the total value of new SaaS contracts increasing by more than 88 percent from the prior year.
The company also reported other top accomplishments in 2009, including: Integrating the Unified Compliance Framework into its SaaS offerings to expand the number of regulations and standards supported to over 400 Growing and enhancing reseller relationships with national organizations such as Fishnet and Accuvant Releasing integrated ASV scanning for partners, introducing flexible data reuse options to reduce data gathering effort and costs Delivering over 200 feature enhancements to its already robust on-demand IT GRC solutions
“I am very pleased with the results TruArx was able to achieve this year despite a poor economy,” says Robert Capinjola. “In 2009, most organizations faced intense budget and resource pressure. As a result, risk and compliance program managers had to reduce both the cost and complexity of their programs without exposing the business to undue risk.
Capinjola pointed out many companies found TruComply to be one of the only affordable solutions because of its SaaS delivery model and the company’s ability to provision clients in weeks versus months or years like many competitors. TruComply is only offered as SaaS, which offers businesses an IT GRC solution at the lowest possible price point, making it among the most cost-effective solutions on the market today.
About TruArx
TruArx is a leading provider of cost-effective, easy-to-implement IT governance, risk and compliance (IT GRC) solutions that address over 400 regulations and standards. TruArx software-as-a-service (SaaS) solutions allow clients to quickly implement and continuously review security to improve protection and reduce the cost of compliance and risk. By implementing these services and solutions, clients can optimize business performance and experience a higher return on security program investments. TruArx is headquartered in Farmington Hills, Mich., with offices in Austin, Texas, Columbus, Ohio, Denver, Colo., Nashville, Tenn., and Washington, DC. For more information, visit www.truarx.com or call 1-800-658-8709.