Dyadem Releases Entry-Level Software for Operational and Quality Risk Management

TORONTO -

Dyadem, the market leader in Operational and Quality Risk Management, today announced the availability of an entry-level version of its popular Stature enterprise risk management platform. Stature Workgroup is a Web-based software solution that enables companies to continuously improve their risk management processes and reduce product quality problems and process safety risks. Leveraging the information obtained in previous risk assessments, Stature Workgroup will allow teams to share lessons learned and best practices for mitigating risk.

“Companies know that their operations contain risk, but many lack confidence in their ability to avoid repeat issues and incidents. By using a common Web-based platform, teams can collaborate more easily and executives get immediate access to cumulative reports and dashboards. These provide transparency into the company’s risks and help manage risk more strategically,” said Kevin North, President and CEO, Dyadem. “As seasoned professionals begin to enter retirement, they take with them valuable knowledge and years of experience and lessons learned. Centralizing information in Stature Workgroup ensures that information will live on in active libraries that encourage re-use, where new employees can learn from previous incidents, errors and known risks.”

Stature Workgroup allows small teams of up to 10 named or three concurrent users to create, share, and access risk assessments via the web. Most desktop software packages store risk assessments on individual computers, restricting the ability of other users to re-use information and share knowledge. By using a centralized database and Web-based interface, Stature Workgroup ensures that information is retained for future studies and new employees. It also provides the ability to seamlessly scale up to Dyadem’s Stature Professional and Stature Enterprise products respectively, which allows for integration with Action Tracking, Management of Change and Incident Management modules.

Stature Workgroup provides a number of powerful features - including Cross-study Reporting, Global Search, Executive Dashboards, Active Libraries and Real-time Risk Visibility - that enable users to leverage historical knowledge and lessons learned. These help tear down the proverbial walls that exist between departments and business units and increase collaboration.

Stature Workgroup comes with templates that are based on industry best-practices, for conducting risk methodologies such as FMEA, HAZOP, SVA-RAMCAP and JSA. Additional templates from Dyadem’s library of more than 80 methodologies are available as add-ons. Users of Dyadem’s Pro-series of desktop software can easily migrate existing templates and risk assessment studies into Stature Workgroup and instantly populate the database with risk assessment history and common company terminology.

Stature Workgroup is available immediately in English, French, Spanish, Portuguese, German, Japanese, Korean and Simplified Chinese. Dyadem will host a free webcast on the new Stature Workgroup on Thursday, August 20, 2009, at 11 a.m. EDT. Pre-registration is required at https://dyadem.net/client/webcast_reg.php?ref=36.

About Dyadem

Dyadem is the market leader in Operational Risk Management and Quality Risk Management solutions. Dyadem provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes. Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the oil & gas, chemical, mining, pharmaceutical, medical, automotive, electronics and aerospace and defense industries. For more information, visit www.dyadem.com

Media contact: Maureen Robusto Dyadem +1-978-289-7752 mrobusto@dyadem.com

Source: Dyadem

Maureen Robusto of Dyadem, +1-978-289-7752, mrobusto at dyadem.com