Changing Legal And Regulatory Landscape Fuels Mitratech's Growth

Monday, May 4, 2009 - 01:00

Mitratech, the market-leading provider of Collaborative Accountability Applications for businesses and their trusted partners, recently announced a sharp increase in sales for its legal and compliance management solutions. As C-level executives seek to balance corporate responsibility and ethics with growth and profitability, Mitratech has witnessed a 15 percent increase in new TeamConnect customer wins since October 2008. These new clients expand Mitratech's foothold in the Fortune 1000, government agencies, and international corporations.

Increased corporate scrutiny and imminent changes to regulatory policy have intensified the spotlight on management tools used to manage day-to-day business activities, avoid crises and mitigate risk. Legal and compliance management solutions offer fast and easy access to key data, improving legal response times on sensitive issues; aiding collaboration among partners, outside counsel, vendors, customers and staff; and increasing oversight of outside counsel performance.

The latest Mitratech clients span vertical markets, with insurance and government leading the way on the legal side, and highly regulated industries such as energy and utilities, financial services and pharmaceuticals driving the governance, regulation and compliance business.