Critical Milestones Include Analyst Recognition as "Overall
Leader" in QMS, Expanding Customer Base and Industry
Participation
BURLINGTON, Mass., July 30,
2024 /PRNewswire/ -- ETQ, part of Hexagon, today
announced that it achieved major milestones in the second quarter
of 2024, including recognition by industry analyst firm ABI
Research as the "Overall Leader" in the quality management system
(QMS) market, and the addition of several new enterprise customers
joining the ETQ Reliance® family from around the globe.
Additionally, the second quarter saw several existing ETQ Reliance
customers expand their use of the platform to meet new needs like
supplier quality, health and safety and life science-specific
applications, as well as efficiently scaling the QMS to meet
evolving business demands.
![ETQ Logo ETQ Logo](https://mma.prnewswire.com/media/2471328/ETQ_Logo.jpg)
"The second quarter of 2024 was quite rewarding for ETQ,
demonstrating our leadership in quality management and developing
business-critical solutions that get to the heart of customer needs
and deliver a competitive advantage," said Vick Vaishnavi, CEO, ETQ. "Based on our
recognition as the number-one quality management system by industry
experts and the impressive number and variety of new customers
we've won, we're proud of our achievements but refuse to rest on
our laurels. We'll continue to work diligently to exceed customer
expectations and advance the quality landscape with continuous
innovation and better ways to achieve automated optimal
quality."
Recognition by ABI Research as Leading QMS
In
June 2024, ETQ was named the "Overall
Leader" among QMS suppliers by market research firm, ABI Research,
in its "Quality Management Systems Software Competitive Ranking
Report." The report represented an in-depth assessment and
ranking of 19 QMS suppliers, which were evaluated based on a
comprehensive set of criteria, including breadth of features and
functionality, data visibility, accessibility, security, and user
experience, among others. In addition, the assessment evaluated the
QMS vendors' ability to deliver rapid time-to-value, the experience
of delivering the software to manufacturers, the breadth of the
vendor's partnership base, and the solution's ability to enable
customers to meet regulatory and standards compliance.
Growing Customer Base
In the second quarter of 2024,
several leading manufacturers in industrial, food & beverage,
electronics, life sciences, aerospace and other key markets around
the world chose ETQ Reliance as their QMS of choice. New customers
and existing customers who are expanding their use of ETQ Reliance
include manufacturers such as Kingspan, Tetra Pak, PhysioLogic
Devices, PolyNovo, Divergent, Micronics Filtration Holdings,
Farsound, NuSkin International, Bekaert, Rochester Electronics,
QinetiQ and ThreeBond International.
Expanding Thought Leadership, Participation in Industry
Events
The ETQ EU Summit meeting was held in June and brough
together quality management and IT professional from across the
continent. Attendees spent two days hearing from current ETQ
customers and ETQ staff to learn about the latest technologies and
best practices in quality management, and health and safety and
receive training to enhance their ability to optimize ETQ Reliance
to deliver the strongest business impact for their organizations.
Additionally, several attendees were also Hexagon customers, so the
event provided an excellent opportunity to build a total quality
perspective to their organizations by supporting end-to-end quality
control, quality assurance and quality management.
During the second quarter of 2024 ETQ executives joined their
manufacturing and quality peers to share their expertise and
thought leadership. In May, ETQ's VP of Product Marketing,
David Isaacson, joined ETQ customer
Mike Farrell of Illumina, at the ASQ
World Conference on Quality and Improvement (WCQI) in San Diego to discuss how Illumina is using
flexible and configurable technology to meet changing industry and
business requirements and ensure compliance as new products,
markets and locations are added to the corporate
infrastructure.
In May, ETQ also exhibited at the Quality Show South, a new
event hosted by Quality Magazine, which took place in Nashville, Tenn. The company showcased ETQ
Reliance and demonstrated how it automates and optimizes quality
processes, while reducing the cost of poor quality and minimizing
business and technology risk.
In addition, as a member of the Forbes Technology Council, ETQ's
CTO, John Taylor, shared his
insights into the quality issues surrounding challenges in the
aircraft manufacturing industry and best practices to address
them.
About ETQ
ETQ, part of Hexagon, is a leading provider
of integrated quality management, health, safety, and environmental
solutions for manufacturers. Firms around the world rely on ETQ to
ensure optimal quality at scale, reduce costs and improve the
velocity of data-driven decisions. Learn more at etq.com.
Hexagon is a global leader in digital reality solutions,
combining sensor, software and autonomous technologies. Hexagon
(Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50
countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow
us @HexagonAB
Click here to download a copy of ETQ's recent industry
report: "The Pulse of Quality in Manufacturing
2024."
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SOURCE ETQ