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Dyadem Achieves Record Growth in 2008

Posted on: Thursday, 29 January 2009, 07:00 CST

TORONTO, Jan. 29 /PRNewswire/ -- Dyadem, the market leader in Quality Lifecycle Management and Risk Lifecycle Management solutions, today announced that it achieved record growth in 2008. Fueled by key customer wins in the oil & gas, medical device and pharmaceutical industries, Dyadem achieved year-over-year revenue growth of 44%.

"As companies became more cost-conscious and bottom-line oriented during this global recession, Executives' priorities switched from growth initiatives to cost reduction initiatives. Their new focus found compelling value in partnering with Dyadem to help them achieve their goals while mitigating the risks introduced in the cost reduction process," said Kevin North, President and CEO of Dyadem. "With Dyadem's solutions, our customers were able to automate critical quality and risk management processes and gain visibility into the risks introduced by rapid changes in a company's production, staffing and supply chain."

Dyadem plans to continue its growth with three new offices in 2009. Opening next month is a headquarter office in London, which will serve as a hub for Dyadem's growing customer base in Europe, Middle East and Africa. A third North American office in Boston, Massachusetts, which will provide a second U.S. training facility, is also planned to open in 2009, along with the move and expansion of Dyadem's worldwide headquarters in Toronto. In 2008, Dyadem established its U.S. headquarters in Houston, Texas, meeting the demand of its large base of customers in the oil & gas industry.

Dyadem's Stature is a web-based, enterprise Quality Lifecycle Management and Risk Lifecycle Management platform that helps organizations standardize their quality and risk processes across plants and geographies, ensuring that knowledge is shared and that issues can be resolved at the root, before multiplying throughout operations. Stature allows for a centralized workspace that reduces redundant information, ensures cross-functional collaboration, and enables continuous improvement through end-to-end management of quality and risk lifecycles. Stature 4.0 will be available later this year.

Dyadem was also honored with several awards for both its management and products. President and CEO Kevin North was chosen as one of Supply & Demand Chain Executive magazine's "Pros to Know" and was named a finalist by Network Products Guide as a Most Valuable Performer. Dyadem's Stature platform is also a finalist in Plant Engineering magazine's 2008 Product of the Year competition, which will announce winners early this year. And finally, Dyadem was named a 2009 Hot Companies finalist by Network Products Guide.

About Dyadem

Dyadem is the market leader in Quality Lifecycle Management and Risk Lifecycle Management solutions. Dyadem provides software and services that empower companies to manage quality, mitigate risks, achieve regulatory compliance, plan for business continuity and improve profitability. Dyadem works with 85% of the Fortune 500 companies and serves the high tech & electronics, medical devices, oil and gas, chemical, automotive, pharmaceutical and aerospace and defense industries. For more information, visit www.dyadem.com

For further information, contact: Text 100 Public Relations Maureen Robusto 617.399.4916 dyadem@text100.com

SOURCE Dyadem

Source: PR Newswire

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