ProcessUnity finishes 2017 with record revenues

ProcessUnity, of Concord, a provider of cloud-based applications for risk management, recently announced that it finished 2017 with record revenues, led by demand for its third-party risk management and policy and procedure management solutions. ProcessUnity’s 2017 highlights include:

Customer growth and retention: ProcessUnity continued to grow its customer base with record sales to organizations of all sizes – as small as community banks and as large as Global 50 corporations. The company experienced increase in demand in markets outside of financial services – including legal, retail, high tech, life sciences and more. Additionally, ProcessUnity experienced significant revenue growth via managed services sold through partners. The company maintained its impressive subscription renewal rate of over 94 percent, affirming the ongoing value of its products and services, and high customer satisfaction.

Industry recognition: Based on completeness of vision and ability to execute, ProcessUnity was positioned as a challenger in the June 2017 Gartner Magic Quadrant for IT Vendor Risk Management.

Major product enhancements: With two major platform releases and multiple updates throughout the year, ProcessUnity introduced new capabilities that continue to reduce administrative tasks, make users more efficient and maximize program effectiveness. The fall 2017 release alone included more than 70 new features and enhancements, many designed specifically to reduce vendor fatigue in third-party risk management.

Customer summit: ProcessUnity held its second customer summit to bring together industry leaders and domain experts to discuss the latest trends, share best practices and set future directions for risk and compliance management. The conference featured: 14 customer case studies; partners, including content providers, managed service providers and consultants who demonstrated unique solutions, services and technologies; pre-conference training courses; and a third-party risk management certification program presented by Shared Assessments.

Business partner ecosystem: Formal technology partnerships with BitSight, NominoData, RapidRatings and SecurityScorecard were announced.

Milford Regional accredited as Comprehensive Center

Milford Regional Medical Center has met all criteria required by the Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program to be elevated from a Low Acuity designation to that of a Comprehensive Center. Achieving this new designation is based upon national quality standards established to deliver safe, high-quality bariatric patient care. Patients seeking surgical treatment for severe obesity and its related conditions have a choice in Milford Regional for receiving treatment at a nationally accredited program that meets the standards for patient safety and quality of care in the greater Milford area. Dr. Philip A. Cohen, metabolic and bariatric surgery director at Milford Regional, announced that The Center for Weight Loss Surgery at Milford Regional has been accredited as a Comprehensive Center under the Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program, a joint program of the American College of Surgeons and the American Society for Metabolic and Bariatric Surgery. The MBSAQIP Standards ensure that bariatric surgical patients receive a multidisciplinary program, not just a surgical procedure, which improves patient outcomes and long-term success. The center offers preoperative and postoperative care designed specifically for their severely obese patients.