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TMCNet: CaoSys Enjoys Double Digit Revenue Growth

[February 10, 2010]

CaoSys Enjoys Double Digit Revenue Growth

Leeds, United Kingdom, February 10, 2010, CaoSys is very pleased to announce today double digit revenue growth during the previous quarter. Despite the current economic downturn and the capping and scrapping of project budgets, CaoSys is enjoying very positive growth.

"Now more than ever with the economic climate and tightening financial controls, organizations are looking to the marketplace for real alternatives that can deliver their business and regulatory requirements in a cost effective manner. We have seen excellent growth for both our GRC and productivity/reporting related solutions", said CaoSys CTO, Craig O'Neill.

During the last quarter, CaoSys has signed several new customers for multiple modules of its suite of solutions, CS*Applications with several more close to signing.

"Much of our recent success can be attributed to successfully forming a number of new partnerships during the latter part of 2009; we recognise that local presence and domain expertise is essential to deliver the best value proposition to our customers." continued O'Neill.

With the recent 2009/R2 release, CaoSys continues to evolve its suite of solutions which now includes a world class GRC suite for Oracle (News - Alert) EBS comprising of multiple capabilities such as access controls/SOD, auditing and data security along with world class content. Their productivity/reporting solutions, which themselves form the framework for the rest of the suite are being used to help develop much of what is to be included in forthcoming releases such as a whole suite of Continuous Controls Monitoring (CCM (News - Alert)) capabilities.

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