ETQ Sees Record Growth in 2018

QMS software leader’s momentum driven by historic SaaS bookings,
customer growth, new products and services

BURLINGTON, Mass.–(BUSINESS WIRE)–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.”

For more on the company’s QMS solutions, visit the ETQ
website
. For those interested in joining the company’s growing team,
check out its careers
page
.

About ETQ
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.

Contacts

Kristen Leathers
Version 2.0 Communications for ETQ
(617)
426-2222
[email protected]

Chris
Nahil
ETQ
781-488-5050 ext. 648
[email protected]

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