Dyadem Upgrades Stature Platform and Provides Software as a Service Licensing Option

TORONTO--(BUSINESS WIRE)--Dyadem today announced that its award-winning enterprise risk management software, Stature, is available to customers as a cloud service. Stature, now in version 4.2, empowers companies to identify, measure, mitigate and monitor risks and hazards throughout their enterprise in a single Web-based application.

“Having a web-based application, particularly one that is so powerful in its reporting capabilities, helps us to standardize assessments, and to view process risk holistically across our operations rather than in individual silos.”

“Many organizations are struggling to implement a global strategy for risk, and they’ve found that without centralizing information on one platform, valuable data becomes siloed, which impairs visibility and decision making,” said Kevin North, President and CEO of Dyadem, the leader in enterprise risk management solutions. “Some companies prefer the flexibility and accessibility offered by a SaaS option because they don't have to worry about hardware procurement and IT resource availability in the middle of a high priority risk management project. Regardless, whether a customer chooses a perpetual license or a SaaS license option, Stature will help companies make more informed decisions faster and plan for long-term success.”

Centralizing information in an enterprise system helps companies more efficiently manage risk assessments, track changes in their processes, and respond to events and incidents. It also standardizes the way risk is measured and improves communication between those processes so that information is shared and improvements can be made continuously throughout the lifecycle.

Kemira, a global two billion euro chemicals company that is focused on serving customers in water-intensive industries, chose Stature as its system of record for risk. “Kemira will be using Stature to review critical operations such as start-up, shutdown, continuous and batch operations in our chemical plants, so having software that is accessible, easy to use, and captures knowledge for us was critical,” says PieterJan Bots, Process Safety Manager, Kemira Oyj. “Having a web-based application, particularly one that is so powerful in its reporting capabilities, helps us to standardize assessments, and to view process risk holistically across our operations rather than in individual silos.”

The Stature Cloud offering will help companies more quickly deploy Stature and eliminates the IT cycles for hardware, maintenance and backup requests. It also provides customers with the ability to deploy an accelerated pilot project to incrementally deploy Stature across their organization.

A recent KPMG study found that 90 percent of the executives and 68 percent of the middle managers surveyed said they are using or plan to use Cloud-based services within two years. In addition, 79 percent of executives, middle managers and staff said that the Cloud is a viable option for enterprises to be more agile and cost competitive.

Stature now includes enhanced analytics with Flash-animated dashboards, lifecycle checks that automate review and approval processes, and improved document management that supports the storage and association of any document type to individual studies. Dyadem also offers more than 70 risk assessment methodology templates and has added a risk assessment template for Fault Tree Analysis (FTA) that allows users to share data to and from an FTA into other risk assessments. In addition, Stature now supports Bow Tie analysis which allows users to create Bow Tie diagrams within the application. Stature customers can also configure their risk assessments to any methodology or corporate workflow.

Stature 4.2 is available immediately in English, French, Spanish, Portuguese, German, Japanese, Korean and Simplified Chinese. Stature can be purchased as a SaaS license, as a perpetual license hosted on the customer site, or as a perpetual license with a hosted service.

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.