Strategic Thought granted patent for Active Risk Manager in the United States

Strategic Thought Limited has been granted a patent covering features of its Enterprise Risk Management solution, Active Risk Manager, by the United States Patent and Trademark office. Active Risk Manager (ARM) was launched in 2001 as the first truly web-based enterprise risk management software system.

Active Risk Manager increases the quality and efficiency of management processes by providing a single solution to record, aggregate and mitigate risks across the whole enterprise. It will also help identify emerging opportunities and enable organisations to have more certainty in achieving their business plans. The product is now the most widely deployed Enterprise Risk Management (ERM) system worldwide and is in use at many leading organizations including Lockheed Martin, NASA, Nestle and Network Rail in the UK.

Martin Metcalf, Chief Executive Officer of Strategic Thought said, “We opened our first office in the United States in 2004. Since then the customer base has grown to include several US government departments and numerous US defence contractors including Northrop Grumman and Raytheon. With an increasing number of commercial organizations adopting ARM for Enterprise Risk Management, this patent was an important step forward in our plans and our aim to enable organizations to balance risks and rewards through our comprehensive enterprise risk management solution.”