London, UK - Sales for the first half of the year, when compared with the first half of 2008 have increased by almost 30% with an even greater increase in net profits, demonstrating clearly that the demand for cost-effective compliance management is greater than ever, as organisations seek to reduce operating costs through the global downturn.
“These are very exciting numbers for Cobent”, stated CEO Howard Sears. “The world is getting more regulated and organisations are finding it increasingly difficult to maintain compliance within those regulations as demand for compliance increases while revenues decrease. Our solutions are helping companies across the board to create significant savings in their overall training and competency strategies, which in turn is helping them to devote resources to support the rest of their business through these tough times.”
Cobent’s flagship product, Learning Compliance Suite, is already well known for delivering true, measurable business benefits through its high-quality, robust, scalable and secure learning management platform coupled with a best practice delivery and execution strategy. “We have demonstrated true ROI with a large number of blue-chip organisations”, Sears continues, “and that track record means that more and more organisations are turning to Cobent to implement a training, competency and compliance strategy that can be measured not only in staff performance, but in significant improvements to their bottom line.”
“Cobent’s commitment to supporting and growing in this market is unwavering. The next 12 months are exciting times for us, as we reinvest in our technologies, products and people to continue to deliver market-leading solutions to help our customers increase compliance, improve competency and reduce costs, and we expect to continue our growth trend well into the future.”
About Cobent
Cobent is a leading provider of Compliance Training and Learning Management (LMS) solutions, the company has assisted many organisations throughout the UK, Europe and US in meeting training and regulatory compliance needs; including DSG International, Barclays, CIPFA, Aviva, and AAH Pharmaceuticals.
Cobent’s ‘Learning Compliance Suite’ (LCS) is a fully compliant, web-based application that provides organisations with the necessary tools to easily manage elearning, class-room and on-the-job training programmes. Cobent’s systems are highly configurable to meet the most demanding business requirements and robust enough to deliver exceptional performance, security and reliability.