Directories

Modulo Named as a Visionary in Inaugural Gartner 2015 Magic Quadrant for IT Risk Management

2015-03-16

ATLANTA----Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced it has been recognized as a Visionary by Gartner, Inc. in the 2015 Magic Quadrant for IT Risk Management (ITRM) report.1 Modulo was selected as one of the 11 vendors evaluated in the inaugural Magic Quadrant report for this growing market and was positioned highest in Ability to Execute in the Visionary Quadrant.

“This year marks Modulo’s 30th birthday as an independent security risk management solution provider. Today, thousands of customers globally rely on our GRC automation software to improve IT Risk Management and reporting”

This recognition follows on Modulo’s announcement of dramatic growth in North America for 2014 with 200% year-over-year growth in sales bookings, including dozens of new customers spanning a variety of private industry verticals including banks, insurance, healthcare, pharmaceuticals, higher education, consumer goods manufacturing, high tech manufacturing, and retail.

"This year marks Modulo’s 30th birthday as an independent security risk management solution provider. Today, thousands of customers globally rely on our GRC automation software to improve IT Risk Management and reporting,” said Stephen Gant, Managing Director, International, for Modulo. “IT Risk Management is Modulo’s core competency. We have a proven ability to execute, a commitment to customer satisfaction, and a best-value offering for the market. We are honored to be part of this important research from Gartner and are committed to providing GRC automation solutions to support the increasingly high-profile work of the next generation of security professionals, CSOs, CISOs, Privacy Officers and Digital Risk Officers.”

In the report, Gartner VP Distinguished Analyst Paul Proctor defines IT risk management as a core competency for governance, risk, and compliance programs. Organizations with appropriate maturity can use these products to automate effective IT risk management processes.

Gartner finds that “ITRM software applications are becoming increasingly important because of the growing need for organizations to meet compliance and regulatory requirements and the desire to avoid severe punishment from regulators. This is especially true in North America and Europe, and is the primary reason for the increase in technology maturity.”

As part of the study, Gartner gathered 153 references for ITRM implementations. The data on deployment models, license choice and size informs buyers on the trends in the marketplace.

The report evaluated version 8.4 of the Modulo Risk Manager™ GRC software platform. Designed by IT risk managers for IT risk managers, Risk Manager was the first software in the world certified ISO27001. Today, the powerful Risk Manager software seamlessly integrates security risk programs including third-party vendor and supplier risk; enterprise risk; physical security risk; business continuity; infrastructure risk, and, of course, IT risk. All risk assessment workflow logic is based on the ISO standard for enterprise risk management.

With Risk Manager, technology and information security professionals get the tools they need to integrate and harmonize risk scores from scanners, security controls, policies and regulations; generate bottom-up reports with risk indicators for increased visibility, automate tedious control checking, streamline workflow, and more. Dashboards and reports allow executives and stakeholders to quickly access and customize the information they need regarding ongoing projects. Risk Manager includes one of the industry’s most extensive knowledge libraries of 800 knowledge bases, 53,000 controls and 268 compliance frameworks.

Modulo Risk Manager is widely recognized as the best value in the market, defined by price, time to deployment and total cost of ownership. It is offered as a SaaS, on-premise or perpetual-licensed solution. SaaS packages start as low as $18,750 and are deployed in as little as 30 days. First-year maintenance and training are included in the license price for new customers.

Modulo was also recently recognized in four other recent Gartner Magic Quadrant reports: Gartner’s Magic Quadrant for Operational Risk Management (ORM) published December 15, 20142; Gartner’s inaugural Magic Quadrant for IT Vendor Risk Management (VRM) report published October 29, 20143; Gartner's Magic Quadrant for Business Continuity Management Planning (BCMP) Software report published August 27, 20144; and as a representative vendor in Gartner’s Market Guide for Audit Management Solutions published December 24, 20145.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Modulo

Modulo is a leading global enterprise provider of technology governance, risk and compliance (GRC) management solutions. Hundreds of organizations around the world leverage the award-winning Modulo Risk Manager™ as a flexible and affordable approach to manage risk, compliance, and business continuity across the enterprise and extended enterprise of third-party relationships. Customers span the financial, healthcare, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, Yale New Have Health Systems, Synovus Financial, and Santander. Modulo has earned industry recognition as an Innovator of the Year from SC Magazine for three years in a row (2014, 2013, 2012) as well as “5-Star” review ratings four consecutive years (2014, 2013, 2012, 2011) and “Best Buy” (2014, 2012, 2011) by SC Magazine.

Related Downloads

Simple Risk Calculator 1.0

Simple risk calculator calculates a set of risk measures, such as VaR, CVaR, dispersions, and risk\reward ratios. The calculator is useful for decision making, risk engineering, risk measurement, and risk management

PHA-Pro

PHA-Pro 8.2

Dyadem offers a proven track record of helping clients to achieve success in risk mitigation and is committed to providing industry professionals with constructive solutions to meet their risk assessment and risk management objectives. Dyadem can...

VertexFX Bridge

VertexFX Bridge 9.5

VertexFX Risk Management Bridge is software to connect VertexFX software together, for clearing purposes, with the ability to connect to some global exchanges after some certain customizations, using FIX protocol in order to work in an STP (Straight...

TIRA - Task Inventory and Risk Assessments 2.00.07

TIRA covers the following elements of Risk Management

* Task Inventory Risk Breakdown - (Master Risk Assessment indexing)
* Tased Based (General) Risk Assessments
* Display Screen Equipment Risk Assessments
* Manual...

Risk Radar 2012

Risk Radar 2012 1.0

Risk Radar 2012 is a self-contained browser based application that facilitates proactive risk management and communication in a project environment. Risk Radar 2012 increases the visibilities of risk by helping a manager determine the best way of...

Task Analysis and Risk Assessments 1.0

TIRA stands for Task Inventory and Risk Assessments and is a comprehensive risk management and analysis program, designed to be used by both the safety professional and those with part time safety responsibilities.

Each type of risk...

eSchool Management System 2.1

e-School Management System is an application provides solutions in most of the locations where lot of human resources should be deployed. e-SMS helps in following area’s in management,
-Student Management
-Employee Management
...

Project Risk Management Analysis 1.0

Easy to use Internet Explorer toolbar for risk analysis. Helps in finding useful information and resources like blogs and websites for people needing help with risk analysis. After you install, you will able to quickly learn what to expect from...

Risk Processor Corporate

Risk Processor Corporate 2.1.1

Risk Processor Corporate facilitates Enterprise Risk Management. It imports data from our low budget Risk Register Risk Processor. Risks per business unit are recorded in a specific Risk Register per business unit. Data is viewed an integrated way by...

Pointstreak 1.0

Pointstreak provides technology-driven sports league management solutions through specialized league administration software designed to innovate, automate, integrate and streamline your hockey, baseball, soccer or lacrosse league and business...