2011 MarketScope Report for IT GRCM
Atlanta, GA — October 11, 2011 — Modulo, a leading provider of IT governance, risk and compliance (GRC) solutions, announced today that its Modulo Risk Manager platform received a “Positive” rating in Gartner's report titled "MarketScope for IT Governance, Risk and Compliance Management” (1). According to Gartner, the IT Governance, Risk and Compliance Management (IT GRCM) market comprises vendors that provide software products to help organizations proactively measure and manage their IT and process controls. Modulo was one of 13 vendors evaluated.
IT risk and compliance management is a top priority for commercial and government organizations worldwide and one of the security industry’s fastest growing markets. Gartner estimates that “the software license revenue for vendors that met our criteria for inclusion in this MarketScope was $198 million for 2010, and we project a growth rate of 40% for 2011".
Modulo Risk Manager offers a mature, complete, fully-integrated out-of-the-box IT GRC solution that is highly configurable and quickly deployed, with strong measurement and reporting. Modulo supports a wide range of IT GRC use cases and provides additional Enterprise GRC (EGRC) capabilities. Modulo will demonstrate its solutions at the Gartner Symposium IT Expo, October 16-20 and at the ISACA IT Governance Risk and Compliance Conference October 19-21, both in Orlando, FL.
"Modulo is the largest independent IT GRC vendor with more than 2,000 commercial and government customers worldwide, 25 years of security and GRC experience and a growing user community. We believe Gartner’s IT GRCM MarketScope evaluation further acknowledges the overall strength of our company, maturity of our product and our expanding presence in North America,” said Sergio Thompson, CEO of Modulo. “Modulo is committed to helping our customers attain the vision that as GRC matures, risk and compliance will help to break down the silos between business functions and improve their overall governance.”
In the report, Gartner’s vice presidents and distinguished analysts Market Nicolett and Paul Proctor, said “the IT GRCM market benefits organizations that wish to automate and improve existing processes for measuring, managing and reporting IT controls that are ready for automation."
Modulo Risk Manager v7.2 is the next generation of the company’s IT GRC platform that enables organizations to continuously identify risk posture to better manage the remediation of high impact security, vulnerability, and business risk as well as to comply with multiple regulations, featuring:
- Single, easy-to-use platform available on-premise, SaaS, or via the cloud
- Proven methodology to automate and manage the entire compliance and risk management lifecycle and collection processes
- One of the industry’s most extensive knowledge bases of global regulations, standards, and predefined policy content pre-mapped to controls that are continually updated; includes support for SOX, HIPAA, PCI, ISO, GLBA, FISMA, COBIT, BASEL II, NIST, Shared Assessment Program and many other standards and regulations
- In-depth reporting, analysis, and risk evaluation to quickly visualize IT compliance and risk gaps with a variety of packaged customizable scorecards, reports and dashboard
- Vendor Risk Management solution to manage third-party vendors in a consistent manner, using the same due care as for internal compliance
- Deep integration with industry leading vulnerability assessment such as Qualys, Rapid 7, Nessus and other third-party data sources
- iPhone, iPad and smartphone support for gathering data from mobile devices onsite or in the field that is required for risk and compliance analysis process
- Support for compliance and risk projects in more than 30 different languages including Latin Languages, Chinese, Japanese, Arabic
(1) Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor and Mark Nicolett, September 30, 2011.
About the Gartner MarketScope
The MarketScope is copyrighted 2011 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation 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. 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 hundreds of organizations worldwide 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. Customers span the financial, health care, retail, telecom, power & gas and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo Risk Manager has earned “Best Buy” and “5-Star” ratings in SC Magazine’s 2011 Risk Management group product review and is the winner of the 2011 & 2010 Info Security Products Guide Global Excellence Award, 2010 Network Products Guide Product Innovation Award and 2011 & 2010 SC Magazine Excellence Award Finalist.
Visit www.modulo.com and follow Modulo on Twitter @moduloitgrc for more information.
MEDIA CONTACTS:
Leslie Kesselring
Kesselring Communications for Modulo
+1 503-358-1012
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