28th July 2010
Maidenhead , Berkshire ,UK
World’s largest oil corporation selects ARM from Strategic Thought Group for Enterprise Risk Management
Active Risk Manager (ARM), the leading enterprise risk management (ERM) software from Strategic Thought Group, has been selected by Saudi Aramco the world’s largest oil producer.
Saudi Aramco supplies around 10% of global oil demand. The company has major proven oil and natural gas reserves. In addition to being the top ranked global producer, Saudi Aramco operates refineries, distributes domestically and markets oil internationally as well as owning a tanker fleet. The company has major global investments in refining, marketing and distribution ventures in countries such as Japan, China, South Korea and the USA.
“We are delighted that Saudi Aramco, the global number one in its field, has selected Active Risk Manager. ARM has the proven capabilities to enable the oil industry to take an enterprise approach to risk management,” commented Lynton Barker, Executive Chairman of Strategic Thought Group.
Saudi Aramco joins a growing group of global players which use ARM to meet their project, program and enterprise-wide risk management needs. The list includes Rio Tinto, US Air Force, Nestle, NASA and SABIC.
Active Risk Manager from Strategic Thought Group plc
Strategic Thought Group plc (AIM:STR) addresses enterprise-wide risk management (ERM) requirements with advanced software and services that can be implemented across organizations in all industry sectors.
Active Risk Manager (ARM), is recognized as having the most extensive range of ERM capabilities available today. ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats. It covers project and portfolio risk, supply chain risk management, business continuity, controls management, reputational risk, health and safety, incident management, governance, compliance risks and more.
Strategic Thought Group, founded in 1987, is headquartered in the UK and its US operation, Strategic Thought Inc is based in Washington DC.
For further information and a detailed view of Strategic Thought's products and services visit www.strategicthought.com or call +44 (0)1628 582500 (EMEA) or +1 703 673 9580 (Americas).
Press contact: Mary Phillips/Andreina West, PR Artistry Limited
T: +44 (0)1491 639500
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