Last week Adlib attended the QUMAS Annual User Conference in Tampa, FL.
The event is a small, informal gathering of loyal customers and partners. Discussions revolve around sharing best practices on optimizing Qumas DocCompliance, Process Compliance, and ComplianceSP to meet regulatory guidelines in a risk-averse, cost-effective manner.
We saw a great cross pollination of ideas and insights into industry trends. And we’re pleased with the number of customers interested in how Adlib renders CAD files into PDF.
In his keynote address titled, “Going live with third party collaboration” QUMAS CEO Kevin O’Leary observed that last year the company saw 25% revenue growth, adding more customers than ever before. Much of that growth occurred in Japan and Korea.
“We are firmly embedded and committed to life sciences,” O’Leary said. “The clarity of this focus continues to accelerate our success.”
In an industry in which the average renewal rate on maintenance contracts is 80%, QUMAS enjoys a 95% renewal rate.
In the DocCompliance area, 75% of customers are running the current version.
QUMAS has completed deploying ComplianceSP (Sharepoint) to its first five customers. O’Leary’s goal is to dominate the SP market in the life sciences sector. Soon the company will launch ComplianceSP for SP 2010 in the cloud… realizing a cloud-based document exchange.
In his Insights on Industry & Technology Trends, QUMAS CTO Ken Hayward noted the platform transition necessary for data-driven processes and mobile engagement between supply chain, customers, patients, and life science organizations.
Forrester research indicates SaaS revenue is $21 billion in 2012, and targeted for 25% growth this year. Of companies surveyed, 56% are planning to deploy SAAS in 2013.
SaaS performance concerns exist, due to outages and commercial feasibility, versus current large on-premise solutions.
“QUMAS currently offers DocCompliance… ComplianceSP… and Qumas iX as hosted offerings, to meet security, compliance, reliability, and trust requirements not yet addressed appropriately by other cloud solutions,” Hayward said.
Hayward remarked that the Life Sciences industry lags behind most others in social media usage.
During Adlib’s presentation by Tieme Stoutjesdijk, Adlib and Qumas jointly announced that Qumas has certified Adlib PDF Enterprise for DocCompliance. After the presentation, several customers expressed interest in understanding more about this integration.