A serene view of Belize's lush landscapes symbolizing international banking security - Global Banking & Finance Review
An inviting image showcasing Belize's stunning scenery, representing the country's appeal as a secure haven for global investors in international banking. This visual emphasizes the stability and privacy offered by Belize's banking sector.
Top Stories

Active Risk Sees Global Adoption of ARM Increase Over the Last 12 Months

Published by Gbaf News

Posted on February 27, 2013

2 min read

· Last updated: September 23, 2024

Add as preferred source on Google

25 February 2013

ARM used by Europe’s largest infrastructure project, the largest US defense project, and half of the world’s top 10 Aerospace and Defense organizations

Active Risk Expands Global Customer Base

Maidenhead, UK – Active Risk announced today that it has expanded its global customer base and become an integral part of some of the world’s most important energy, infrastructure and defense capital projects. This increased adoption of its award-winning Active Risk Manager (ARM) software further proves Active Risk’s belief in the strategic value of risk management, beyond satisfying regulatory and compliance requirements (GRC).

Key Achievements Over the Past Year

Active Risk’s highlights from the last 12 months include:

Global growth – Active Risk secured additional customer relationships in traditional territories such as the United States and Europe, as well as in growing markets including China, Mongolia, Malaysia, South America, Australia and the Middle East.

ARM Adoption in Major Infrastructure Projects

• Adoption by globally visible infrastructure projects – ARM’s customer community now includes Crossrail, Europe’s largest infrastructure project, and the Kuala Lumpur Mass Rapid Transit System, which is one of the Top 30 major infrastructure projects in the world, among many others. This builds on the success of the 2012 London Olympics and Active Risk’s relationships with industry leaders including Network Rail, Bechtel and Skanksa.

ARM Usage Among Top Defense Organizations

• Expanded relationships in the Defense industry – ARM has been adopted by 50% of the Top 10 Aerospace & Defense organizations worldwide and is being used to manage risk on the development of the F-35 fighter, the largest US defense project.

Leadership Perspective on Global Growth

Loren Padelford, Executive Vice President and General Manager at Active Risk said, “We are extremely proud of our customers’ successes. Our commitment to make risk management simple, valuable and personal was embodied in the release of ARM 6 in November, which brought additional functionality, new modules and apps to market. High profile capital projects cannot afford to leave risk management to chance. The project managers and risk professionals who use ARM know that it can meet the complex needs of their projects, putting valuable data at their fingertips to help them achieve their goals every day.”

For more information on ARM visit www.activerisk.com/solutions/

 

 

Key Takeaways

  • Active Risk Manager (ARM) saw significant global uptake over the year preceding February 2013.
  • Adoption spanned major energy, infrastructure, and defense capital projects worldwide.
  • ARM is now used in Europe, the U.S., Asia-Pacific, South America, Australia, and the Middle East.
  • High-profile users include Crossrail, Kuala Lumpur MRT, and development of the F‑35 fighter.
  • ARM 6 release in November introduced new modules and apps to support its global expansion.

References

Frequently Asked Questions

What is ARM?
Active Risk Manager (ARM) is an enterprise risk management software used by capital project and defence organizations.
Which major infrastructure projects use ARM?
ARM is used on Crossrail—the largest infrastructure project in Europe—and Kuala Lumpur’s Mass Rapid Transit system.
Is ARM used in defense projects?
Yes—ARM is adopted by half of the world’s top 10 aerospace & defense organizations and is used for the F‑35 fighter development.
What did ARM 6 bring to the table?
ARM 6, released in November 2012, added enhanced functionality, new modules, apps, and improved risk management capabilities.
Where is Active Risk headquartered?
This press release originates from Maidenhead, UK, indicating Active Risk’s UK operations.

Tags

Related Articles

More from Top Stories

Explore more articles in the Top Stories category