2011 Proves To Be a Watershed Year for Risk Management and Riskonnect, the Leading Independent Risk Technology Provider

MARIETTA, Ga.--(BUSINESS WIRE)-- The year 2011 proved to be a watershed year for risk management, and for the leading independent risk technology provider, Riskonnect, Inc. In July 2007, Riskonnect introduced the most advanced risk technology - technology never before available to risk and safety professionals. This new technology has been rapidly adopted among industry leaders, and now, only four years later, is becoming the standard against which other systems are measured.

Client and User Growth

The company has increased its client count by 250%, and its user count by 40% year over year, from December 2010 to December 2011. Additionally, Riskonnect’s geographic footprint has increased significantly, with users across the European Union and North America, and more than 40 countries worldwide, including China, India, and Brazil. The company’s international growth has been fueled by Riskonnect’s unmatched ability to meet the needs of the global marketplace, in such diverse sectors as logistics, energy, global shipping and retail.

Commenting on the company’s growth and success within its client base, Roger Dunkin, Vice President of Professional Services, said, “An interesting metric we continue to see is that, within the first year of working with us, clients increase their user base by 75% on average. As we begin each new client implementation, users rapidly adopt the system and start evangelizing new ways to create efficiencies and improve their business processes. It is very common for clients to immediately begin adding users within the risk team and among other business partners throughout the organization.”

Company Growth

The risk management software market continues to thrive despite the stagnant global economy, fraught with uncertainty. Riskonnect staff has grown 65% in 2011 and continues to expand, with new offices opening in Chicago’s River North District and London in the first quarter of 2012.

Riskonnect’s London office marks an especially important milestone, with a commitment to serving the needs of the EMEA region. Riskonnect’s platform is uniquely positioned to provide solutions with fast performance, configurable workflow and real-time data integration. Riskonnect products have been enhanced to include global policy management, real-time exposure gathering, multi-currency and multi-lingual features that are demanded in EMEA and throughout the world.

In June 2011, Riskonnect completed the SSAE 16 Type I examination of its technology applications and related services, augmenting its platform security certifications and becoming the only cloud-computing risk technology provider with third-party certification for all parts of its operations. Riskonnect will complete the SSAE 16 Type II examination in very early 2012. These examinations confirm that Riskonnect’s security meets the latest industry standards.

Awards

In September 2011, Risk & Insurance magazine recognized Bob Morrell, CEO of Riskonnect, as a 2011 Risk Innovator. The Risk & Insurance® Risk Innovator Award recognizes innovators across different industries who have, in the past year, demonstrated creativity and excellent execution in risk management. These individuals see risk differently and have resolved risk-related problems in a unique or innovative way.

“I am honored to again receive this award from Risk & Insurance Magazine,” says Bob Morrell, CEO of Riskonnect. “But the true test of our organization is the advances in risk management we see within our clients. They are truly enabled to move their program forward in ways that were never possible before.”

About Riskonnect, Inc.

Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value. For more information about Riskonnect, contact us at www.riskonnect.com, email to [email protected] or call 770-790-4700.

Riskonnect, Inc.Kelly M. Barton, 770-790-4710
Vice President, Marketing
[email protected]

Source: Riskonnect, Inc.