Industry analysts are predicting significantly increased demand for risk management and Governance, Risk, and Compliance (GRC) solutions in 2011 driven by Federal Agency initiatives on accountability and transparency. The partnership between Deltek and Strategic Thought will enhance the ability of both organizations to deliver an enterprise risk management solution that improves program and business performance.
Lynton Barker, Strategic Thoughtâs Executive Chairman commented, âEffective risk management is an increasing focus for senior executives and continues to attract significant corporate investment. ARM won âRisk Management Application of the Yearâ at the 2010 Risk Management Awards in association with the Institute of Risk Management (IRM) and delivers unparalleled capabilities to meet the project and risk management needs of U.S. Government Contractors.â
Kevin Parker, Deltekâs President and CEO, added, âThis is a significant and exciting partnership for both Deltek and Strategic Thought. Adding ARM to our governance, risk, and compliance solutions will broaden and deepen our world-class capabilities for government contractors. We look forward to working with our government contracting customers as they leverage our GRC solutions to reduce risk throughout their complex projects and programs.â