Strategic Thought Group (STG) sees increased demand for true enterprise risk management solutions. STG, provider of Enterprise Risk Management (ERM) software, Active Risk Manager (ARM), has seen the requirement for true ERM solutions increasing through 2008. STG’s financial half year ending September 30th saw many new and extended contracts across varied industry sectors and geographies.
Rio Tinto, the leading international mining group, selected ARM software to enable the roll out of its integrated global risk management program in a deal worth over £1 million. Further exciting new projects signed include the petro-chemical and metals company Saudi Basic Industries Corporation (SABIC) and in North America Tokio Millennium Re Ltd, the insurance and reinsurance company.
In the first six months of this financial year, Active Risk Manager continued to consolidate its position in aerospace and defence with several new contracts across Europe and the US. Initial licenses were sold to MBDA France, a part of the EADS BAE Systems organisation, and EADS Defence and Security. Another division of EADS, The Military Transport Aircraft Division in Spain, which designs and manufactures light and medium transport aircraft including the Airtanker, also purchased ARM licenses. Existing customers in Aerospace and Defence who decided to extend their use of ARM included Raytheon, the Atomic Weapons Establishment in the UK, General Dynamics and Lockheed Martin Space Systems.
Further deals were closed with energy companies, Essent Metering in the Netherlands and Alstom Power, a world-wide leader in the supply of state-of-the-art products and systems to the power generation – for gas, coal, wind and hydro power plants – and industrial markets. In addition, Alstom provides conventional islands for nuclear power plants. In addition a new contract was signed for initial ARM licences, support and services with speciality vehicle manufacturer Oshkosh Corporation in the US.
Cyril Moreau, President of Strategic Thought Inc in the US said, “While building on our core competencies in aerospace and defence we are continuing to see success in other industries as shown by the new contracts with Tokio Millennium and Oshkosh Corporation. This supports our view that the next generation of ERM is not just about risk and compliance, but increasingly about balancing risk, reward and opportunities supported by our enterprise-wide ARM software and services.”
Martin Metcalf, CEO of Strategic Thought Group concluded, “Strategic Thought and Active Risk Manager continue to go from strength to strength. Events in financial markets have brought into stark relief the tensions between opportunity, performance, innovation, risk and reward. The fact remains that in the search for rewards – competitive edge, differentiation, sustainable growth, market share and return on capital – an element of risk is involved. Active Risk Manager allows enterprises to record, aggregate and analyse their risks and opportunities, to put into place controls, mitigation and actions which can bring more certainty to risk-adjusted plans and forecasts. By having a true picture of your business you can set the appropriate level of risk that you are willing to take in order to maximise potential rewards, whilst still minimising your risks.”
Active Risk Manager is a comprehensive, web-based based enterprise risk and opportunity management software solution. This continued growth shows increased awareness of both the value of ERM to business performance as well as to the achievable benefits delivered by ARM.