Montclair, N.J. — May 1, 2010 — Modulo, a leading a provider of enterprise governance, risk and compliance (GRC) solutions, today announced the company received a “Positive” rating in Gartner’s 2010 MarketScope on IT Governance, Risk and Compliance Management (IT GRCM). Modulo was selected as one of 12 vendors evaluated on market understanding, customer experience, product strategy, sales execution and operations. Modulo was also one of five companies who qualified as an Enterprise GRC (EGRC) vendor in this MarketScope.

“We are proud to be recognized in the IT GRCM industry MarketScope and receive the ‘Positive’ rating from Gartner,” said Alvaro Lima, Chief Executive Officer of Modulo. “We believe this valuable industry evaluation further acknowledges the overall strength of our company and the maturity of our products and customers – exemplified by 25 years of GRC experience and over 1,000 customers worldwide – and signals Modulo’s entrance and growing presence in North America.”

According to Gartner, “The IT governance, risk and compliance management (IT GRCM) market comprises vendors that provide software products that help organizations proactively measure and manage their IT technology and process controls.” 

In a supporting document by Gartner, Modulo was included in the recent IT GRCM critical capability research report focusing on products that enable three common deployment use cases: 

• Automated technology control assessment
• IT compliance reporting
• IT GRC plus Enterprise GRC (EGRC)

Mr. Lima added that the company’s fully integrated product platform is a major reason why large multi-national customers choose Modulo. “We consider our proactive cost effective  approach to monitor, manage and sustain adherence important steps for our customers in achieving compliance with both internal policies and industry regulations and standards; in gaining operational efficiencies by automating manual processes; and in building a strong foundation for the three common IT GRC use cases. This is further exemplified by the adoption of our strong Vendor Risk Management functionality implemented by the largest retail companies in the world.” 

In line with these recommended approaches, the Modulo Risk Manager™ platform provides organizations the tools they need to automate the processes required for assessing and managing enterprise risk, security vulnerabilities and attaining regulatory compliance. The software allows the identification of controls that should be implemented - leveraging Modulo’s large database of IT technical controls and standards content - as well as provides detailed knowledge on each control including remediation recommendations based on best practices. Modulo’s solutions put business and IT on the same page with increased visibility into risk, while reducing complexity and operational costs and achieving a consistent repeatable GRC management process across the enterprise.

More information on Modulo’s growth, awards, partnerships and products is available at: http://www.modulo.com/News-Events/press-releases-2010/.

About the Gartner MarketScope
The MarketScope is copyrighted 2010 by Gartner, Inc. and is reused with permission. The MarketScope  is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. The MarketScope is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express 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 comprehensive Governance, Risk and Compliance (GRC) management solutions.  Modulo’s Award winning  Risk Manager™ provides over 1,000 world-wide organizations with the tools they need to automate the entire GRC management process to monitor, manage and sustain adherence to policy and regulations while reducing enterprise risk and complexity.  Recent recognition received by Modulo include:    Info Security Products Guide 2010 Global Product Excellence Award, Network Products Guide 2010 Product Innovation Award and Finalist in 2010 SC Awards Best Regulatory Compliance Solution.

Visit www.modulo.com for more information.

Modulo is a leading global enterprise provider of comprehensive Governance, Risk and Compliance Solutions.

MEDIA CONTACT:
Leslie Kesselring                       
Kesselring Communications
+1 503-358-1012
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MEDIA CONTACT:
Jeff Kushner, Director of Marketing                       
Modulo
+1 973-323-2464
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