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Company's Success Reflects Burgeoning Quality and Compliance Needs of Highly Regulated Life Science Industries at Both the Enterprise and SMB Market Levels
SALT LAKE CITY, UT--(Marketwired - Mar 30, 2016) - MasterControl Inc., (MasterControl) a leading global provider of enterprise quality management software (EQMS) and quality consulting services for regulated businesses, today announced that 2015 was a record-setting year.
MasterControl secured a 19 percent increase in sales across the enterprise and small and medium business (SMB) markets, which marks the seventh consecutive year of double-digit annual growth for the company. MasterControl reports an extremely high customer retention rate of 97 percent, which exceeds enterprise software standards. Company executives note that the high customer retention rate is due to mature product offerings and exemplary customer support, both of which provide customers achievable ROI from working with MasterControl. Also in 2015, MasterControl expanded its business to Australia, India and China, and saw an 85 percent increase of sales in Europe.
In addition to enhanced relationships with several large enterprise customers, MasterControl addressed the SMB space by offering its Spark™ quality management software solution. This allowed MasterControl to achieve significant market expansion, particularly with small life science and other regulated manufacturers. Company leaders also emphasize how MasterControl's strong relationships with global regulatory bodies continue to instill buyer confidence, which contributes to consistent annual growth.
"Our breadth of EQMS solutions built specifically for life sciences and other regulated companies puts us in a strong competitive position and allows our customers to leverage their investment," said Jon Beckstrand, MasterControl's CEO. "MasterControl equips companies with the solutions they need to automate their quality and other business processes to improve productivity across the enterprise, ensure compliance, and accelerate time to market."
"Our employees come from the industries we serve, so we understand how EQMS products can take away the frustrations and time-draining quality and compliance tasks that stall company productivity and performance," Beckstrand continued. "This leads to maintaining customer satisfaction and retention."
MasterControl at a Glance:
MasterControl is a committed team of quality, regulatory and software experts who work to empower regulated companies to get their products to market faster. For almost 25 years MasterControl's quality management software solutions (EQMS) have been reducing overall costs, increasing efficiency and accelerating compliance, all creating a significant competitive advantage for customers. Drawing upon unparalleled industry experience, MasterControl offers a suite of seamlessly integrated and scalable software solutions for quality management, document control, product lifecycle management, supplier management, audit management, training management and much more. MasterControl's complete quality management solution is designed for easy implementation, validation and use, continually improving on the promise of "Compliance Accelerated." For more information about MasterControl, visit MasterControl or call 1.800.825.9117 (U.S.); +44 (0) 1256 325 949 (Europe); +81 (03) 5422 6665 (Japan); or +61 (3) 9717 9727 (Australia).
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