ETQ, part of Hexagon, announced that it has continued its growth trajectory and achieved strong momentum in the second quarter of 2023, underscoring the positive impact that quality management is having on business outcomes. Among the highlights, the company released new product features of its ETQ Reliance NXG cloud-native quality management system (QMS), expanded its customer base, showcased the innovation excellence of some of its key customers, and increased its presence at leading industry forums.
“As manufacturers across several core industries issue a record number of product recalls this year, never has it been more important to demonstrate the measurable business impact of quality,” said Vick Vaishnavi, CEO, ETQ. “At ETQ, we are focused on the impact of optimal quality processes that touch every aspect of an organization, from improving decision velocity and maximizing supply chain quality to reducing the cost of poor quality and helping bring products to market faster and more profitably.”
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Delivering Product Enhancements
During the second quarter, ETQ released updates to its award-winning ETQ Reliance NXG® cloud-native quality management system (QMS).New capabilities include enhanced reporting and features that improve the user and administrator experience, such as new Copy View functionality to let users quickly create new views from existing ones, and a new administrator capability to view all settings using the new Reliance Engine application.The latest version of ETQ Reliance NXG also elevates the built-in analytical reporting tools with new data visualizations and automated alerts to make it easier to manage compliance, reduce risk and achieve operational excellence. This functionality lets users create configurable reports using pie charts, bar charts, stacked column charts, and more. Additionally, a Favorite Charts widget has been added allowing users to see their favorite chart with real-time data on the homepage.
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Customer Expansion
Domestic and international expansion of the ETQ customer base represents another driver of the company’s growth.During the quarter, ETQ welcomed new customers across the globe from industries such as life sciences, chemical and materials, packaging, food safety, professional services and aerospace and defense.A few new ETQ customers include PPG, Bekaert, Institut Straumann, Velsera and DSV A/S.
Additionally, a host of current quality-driven customers expanded their use of ETQ Reliance in their quality and safety programs.In the second quarter, several long-time customers such as Keurig Dr Pepper, Pentair, SkyWater Technology and Emerson expanded their investments in ETQ Reliance.
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