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@CloudExpo Authors: Elizabeth White, Liz McMillan, Nicholas Lee, Peter Silva, Esmeralda Swartz

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Riskonnect’s Revolutionary Risk Technology Continues to Transform the Market: 2012 - A Year of Growth and Expansion within the Risk Management Industry

Riskonnect, with its revolutionary risk technology first introduced in 2007, continued to make strides in 2012 to further secure its position as the leader in the risk management technology space. As the business environment continues to move at an increasingly rapid pace and become more globally focused, risk and safety professionals continue to call upon Riskonnect for solutions that enable them to be more nimble and proactive.

Rapid Adoption

The company increased its client count by 250 percent year over year and user count by an average of 40 percent, annually. “An interesting metric we continue to see is that, within the first year of working with us, clients increase their user base by 75 percent, on average,” said Vice President of Professional Services Roger Dunkin. ”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, among their operations including mobile users in the field, and among other business partners throughout the organization.”

Global Growth

Additionally, Riskonnect’s geographic footprint has significantly increased. Riskonnect opened its Chicago and London offices in early 2012. Both offices have seen rapid growth, and, according to the company’s Vice President of Operations Kelly Barton, growth is projected to continue in 2013. “We will continue to be very aggressive in hiring for all our offices throughout 2013 to ensure we have optimal coverage and can continue to provide best-in-class services and support for our clients,” Barton said. “We will be expanding offices in all three locations.”

Riskonnect’s users span the globe and can be found in the European Union, North America, China, India, Brazil and in more than 80 countries worldwide. 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. “The marketplace is responding to our leadership, our RMIS and our innovative approach to everything we do,” said CEO and Founder Bob Morrell. “We continue to lead the market and we’re still growing aggressively.” The risk management software market continues to thrive despite the stagnant global economy. To that note, Riskonnect staff grew an incredible 50 percent in 2012.

Growing the Market

Riskonnect’s platform is uniquely positioned to continue providing the most innovative solutions with fast performance, configurable workflow and real-time data integration. Gone is the old model where risk technology was only for certain high-risk industries, and was very specific to claims administration and claims management. With Riskonnect’s new model, as much as 50 percent of new Riskonnect clients are first time users of risk technology, which is making a significant impact in growing the market. Riskonnect’s capabilities include full global mobile capabilities, social, impact forecasting, global policy management, real-time exposure gathering, multi-currency and multi-lingual features that are necessary in EMEA and throughout the world.

Third Party Certifications

Riskonnect completed the SSAE 16 Type II examination of its technology applications and related services in January 2012. The examination was performed by an independent audit firm. “This provides end-to-end third party attestation for our platform and everything we do for our clients and is supplementary to the best-in-class assurance report available from our platform,” Morrell said. “This is the standard for security that all risk and safety professionals should demand.”

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 [email protected] or call +1 770-790-4700.

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