Hitec North America forges ahead with 19% revenue increase despite turbulent market conditions

Aug. 27, 2010 - PRLog -- Framingham, MA. Hitec (Laboratories), the leader in software solutions for information and governance management, today announced a 19% growth in North American annual revenues during the financial year ended 30th June 2010. Consistently strong sales of the Conform software solution for policy and procedure management were the bedrock of the revenue expansion, particularly among regulated organizations responding to tighter scrutiny from financial services authorities.

In spite of tough market conditions, Hitec’s track record over many years in delivering solutions for information management and information governance has been further enhanced. Together, tighter regulation by bodies such as the SEC, recognition by senior management of the need to demonstrate rigorous governance, and the damaging publicity of several high profile breaches of compliance have combined to create increased receptiveness for Hitec’s proposition.

“The need to demonstrate good governance has been an issue for several years now, and we seen a marked increase over the last twelve months in customer awareness that traditional approaches are no longer sustainable for meeting today’s compliance requirements,” declared Hitec North America Vice President, Mike Adams. “Policy or procedural documents posted to the Intranet or hopefully emailed out are just ignored. By working closely both with customers of our DataStore document management system and our Conform policy and procedure management solution, we’re helping them respond to these challenges.”

For further information, please contact Mike Adams Vice President, Hitec North America on (1) 508 620 5372 or mike.adams@hiteclabs.com.

HitecLabs
945 Concord Street
Framingham
MA
01701 4613
T: +1 (508) 620 5372
F: +1 (508) 620 5370
sales@hiteclabs.com

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Hitec’s solutions for document and policy management transform organizations’ ability to drive efficiencies, demonstrate rigorous governance and minimize critical risks. Our software is in use by customers in more than 50 countries across the globe.