The company has steadily grown its revenue to approximately $33 million USD in 2009
Montclair, NJ February 4, 2010 - Modulo, an award-winning provider of comprehensive GRC management solutions, today announced record revenue growth in 2009. The company also reached several additional major achievements including the announcement of a world-wide partnership with IBM, acquisition of 75 new clients and several technology innovations to further automate enterprise GRC management. Technology innovations include new modules for Policy Management, Vendor Management, Business Continuity Management plus additions to our knowledge base and several customer requested features.
While some companies have struggled during the recent economic crisis, Modulo, a global market leader and provider of Governance, Risk and Compliance Management Solutions, experienced over 300% US revenue growth during the 2009 calendar year. In addition, the company made significant investments growing its world-wide operations.
“Greater focus on compliance and risk management has created an increased workload on many companies already forced to downsize. As a result, companies are faced with a sense of urgency to automate and standardize on their fragmented approach to enterprise risk and compliance management.” said Alvaro Lima, Modulo’s CEO and Co-founder.
The company’s 25-years of experience in the GRC market has accelerated our ability to deliver the next generation of enterprise GRC management today. During 2009, Modulo Risk Manager expanded it’s penetration in regulated industries such as Banks, Transportation, Oil & Gas, Energy, Retail, Government and other business related companies.
Modulo has also been a major industry contributor to ISO, PCI SVA, Shared Assessments/Bits Initiative and the organizer for the annual community GRC Meeting. The 7th annual GRC meeting brought together over 600 governance, risk and compliance professionals with the goal to educate and further GRC management best practices. The 8th annual GRC Meeting to be held this year in Rio de Janeiro, Brazil will bring together the best and brightest minds to collaborate on empowering GRC professionals from around the world.
About Modulo:
Modulo is the industry’s leading global enterprise provider of comprehensive Governance, Risk and Compliance (GRC) management solutions. Our Award-winning Modulo Risk Manager™ software significantly reduces management costs and corporate risk by automating the collection, assessment, reporting and remediation process for consistent GRC management. Unlike other build-it-yourself GRC framework solutions, Modulo provides fast out-of-the-box visual representation to quickly evaluate corporate risk and compliance posture and take remedial action for unacceptable risks.
Recent honors received by Modulo include: Hot Company 2009 and the Global Excellence Customer Trust Award 2009 (Global Product Excellence in Auditing for Modulo Risk Manager).
