Active Risk (formerly Strategic Thought Group), author of award winning Enterprise Risk Management software Active Risk Manager (ARM) has announced an increase in revenue of 12% in the first six months of its financial year to the end of September 2011.
Active Risk Manager (ARM) software licence sales were up 10%, with service revenues increasing by 6% and support revenues seeing a 15% uplift. ARM is a web-based enterprise risk management solution used by leading international companies and on some of the worldâs most demanding projects.
Lynton Barker, Executive Chairman of Active Risk said, âIn the last year we have moved more resource into frontline selling and are seeing the returns even though the global economy remains fragile. We continue to make progress and have also made a good start to the second half of our financial year. Since October 1 we have added a further five ARM contracts, including a major global construction company.
Active Risk customers worldwide include Rio Tinto, Alstom, Lockheed Martin, Leighton Contractors, EADS, Eurocopter and the US Air Force.