SECAUCUS, NEW JERSEY – Rsam, the industry-leading provider of Governance, Risk, and Compliance (GRC) and Security Operations, Analytics & Reporting (SOAR) solutions, today announced that the company was positioned by Gartner, Inc. as a challenger in the 2016 Magic Quadrant for IT Vendor Risk Management report by analysts Christopher Ambrose, Joanne Spencer, and Edward Arthur Weinstein.
The report states that “High-profile failures of IT service providers, increasing rollouts of enterprise risk management programs and third-party access to regulated information are contributing to the demand for IT VRM solutions. Still, however, the biggest driver of VRM is regulatory requirements to address vendor risks, vendor performance, and mandates for the risk monitoring of third parties that can access personal data (such as payment card and protected health information).”
The report evaluated 12 providers of IT Vendor Risk Management platforms based on completeness of vision and ability to execute.
According to the report, leaders in this space have a clear understanding of the IT VRM market’s needs and deliver solutions that are functionally robust, use emerging technologies and delivery models, and receive high marks from customers. Leaders also are able to deliver IT VRM solutions that integrate with broader GRC platforms and other security, risk, and vendor management applications.
“Enterprises are intensely focused on VendorRisk Management today because of their heavy reliance on third parties for running big portions of their business functions, which creates implications for their own security, reputation and financialrisk posture,” said Vivek Shivananda, CEO of Rsam. “We’re laser-focused on the customer experience, which we believe is reflected in our high customer satisfaction reviews, ease of implementations, intuitive workflows and platform flexibility – all of which help enterprises challenge their status quo and get immediate value with Rsam.”
Rsam helps enterprises automate their processes to enable faster compliance with regulations and greater visibility into their risk posture. Additionally, they gain a flexible infrastructure for continuous risk monitoring and management.
Source reference: Gartner, Inc., Magic Quadrant for IT Vendor Risk Management, Christopher Ambrose, Joanne Spencer, Edward Arthur Weinstein, April 28, 2016.
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Rsam is the fastest time-to-value GRC, Vendor Risk Management and Security Operations, Analytics & Reporting (SOAR) platform provider with unparalleled flexibility. The Rsam platform allows for companies to leverage out-of-the-box solutions and “Build Your Own” (BYO) applications for a wide range of risk & compliance functional areas, including audit, business continuity management, compliance, enterprise risk, IT risk, incident management, operational risk, policy management, security risk intelligence, security incident response management, vendor risk management, regulatory change management and more. Learn more about Rsam at http://www.rsam.com
ZAG Communications for Rsam