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Xybion Acquires Amadeus, a Leader in Governance, Risk, Compliance and Quality Management (GRC) Solutions
Date:12/1/2009

Amadeus will operate as a division of Xybion Corporation.

Cedar Knolls, NJ (PRWEB) December 1, 2009 -- Xybion Corporation announced today that it has completed the acquisition of all operating assets of Quebec City based Amadeus Solutions, a leader in the development of enterprise governance, risk, compliance and quality management software solutions, from DECIMAL, a corporate performance management organization headquartered in Montreal.

Amadeus has been partnering with organizations in life sciences, manufacturing, finance and government sectors to manage risk, quality and compliance by automating processes such as corrective and preventive actions, non-conformance and defects, complaints management, audits, training, SOP management, incident management, programs and project management, vendor management, document management and corporate governance and other related quality and business processes. The Amadeus’s eQCM® web-based software platform enables organizations to comply with requirements stemming from FDA, ISO and other regulatory standards (like GxP, FDA 21 CFR Part 11, ISO 9001, ISO14001), financial reporting and governance regulations (Sarbanes-Oxley and Canada Bill 198), and other industry standards and risk-based regulations. Designed for maximum flexibility and easy adaptation to an organizations unique Governance, Compliance & Risk management (GRC) processes, eQCM® is coupled with powerful business intelligence capabilities, enterprise content management , and related technologies that help organizations achieve sustained compliance and improve process performance.

“Amadeus further strengthens our holistic strategic approach to delivering enterprise solutions to our life science and medical research partners. Combining Xybion’s more than 30 years of experience in providing software solutions to global pharmaceutical, CRO and life science companies through it’s Pristima and Pristima VM platforms, Amadeus’s GRC platform will offer our clients a single partner for their enterprise needs in the regulated environment.” said Dr. Pradip K. Banerjee, Chairman and CEO of Xybion Corporation. “By leveraging the strengths of our different divisions and staff, and working with our customers in thirteen countries, we are able to provide solutions that no other company can match today”, said Michael Tucker, a veteran of the life science and process management software industries who has been appointed as Vice President and General Manager of Amadeus.

“Initially, we were searching for a partner to help to expand our penetration of the US and European life sciences market with the Amadeus solutions,” remarked Stéphane Gaouette, president of DECIMAL, “During our time of reviewing each other’s capabilities and core competencies, it became evident that Xybion should take a leading role in moving the Amadeus products and services forward.”

While Amadeus will be a wholly owned division of Xybion Corporation, DECIMAL will retain a position on the board of directors of Amadeus business to continue to provide guidance and insight for product and market growth. DECIMAL will also be a partner with Xybion, retaining exclusive rights in Quebec for distribution of Amadeus’ Internal Controls Management (ICM) product.

All of the employees of Amadeus have been retained by Xybion. The Quebec City office will function as Xybion’s Center of Excellence for the GRC business.

About Xybion:
Xybion is the enterprise system partner of choice for life sciences product companies and research organizations worldwide for end-to end needs in the pre-clinical R&D, Quality, Regulatory risk and compliance management solutions. In addition to Pristima™, and Pristima™ VM, Providence®, eQRP®, eQCM®, Xybion provides professional services, consulting, training and validation activities to clients around the world. (www.xybion.com).

About Amadeus:
Amadeus, a division of Xybion, is a leading provider of Enterprise Quality and Compliance Management software solutions. For over 14 years, customers in the Life Sciences, Manufacturing, Financial Services and other industries have automated their compliance and quality processes using Amadeus software platforms. Its flagship product, eQCM, offers an integrated and very cost effective solution for enterprise governance, risk management, quality and compliance management. Amadeus’s solutions have been implemented in more than 100 companies in North America and Europe. (www.amadeussolutions.com)

About DECIMAL:
DECIMAL, the leader in corporate performance management (CPM) and in governance, risk, and compliance management (GRC), provides private, public and paragovernmental organizations, for nearly twenty years, with consulting services and software solutions. DECIMAL improves corporate performance by providing all decision-makers with all required financial information to better understand their costs, their profitability, optimize their budget and provide sound governance. (www.decimal.ca)

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Read the full story at http://www.prweb.com/releases/2009/12/prweb3276274.htm.


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