Sunnyvale, Calif., June 27 2016 – RiskVision, the enterprise risk intelligence company formerly known as Agiliance, today announced that the company was positioned as a Visionary by Gartner, Inc., in the 2016 Magic Quadrant for IT Risk Management (ITRM) Solutions by Khushbu Pratap and Jeffrey Wheatman. RiskVision was selected as one of the 11 vendors evaluated in the second Magic Quadrant report for the ITRM market and was positioned highest in Ability to Execute in the Visionary Quadrant.
Gartner states, “The IT risk management market focuses on solutions that support the ITRM discipline through automating common workflows and requirements. For the purposes of defining this market, IT risks are risks within the scope and responsibility of the IT department. These include IT dependencies that create uncertainty in daily tactical business activities, and IT risk events resulting from inadequate or failed internal IT processes, people or systems, or from external events.”
RiskVision delivers all aspects of Gartner’s ITRM critical capabilities, including: Policy Management, Policy Mapping, Regulatory/framework content (50 content packs with 300,000+ subcontrols), Control mapping to requirements made efficient by a trademarked Common Controls Framework, Security/IT operations reporting, IT risk assessment automation, Application risk assessment, Risk acceptance process automation, IT risk registers, IT asset management, Configurable connectors (70+ purpose built plus three generic), Vulnerability remediation workflow, Control self-assessment automation, IT risk metrics/reporting (complete with KRI templates), Correction action plan automation, Incident loss event capture and audit, Incident interdepartmental collaboration and Incident trend analysis.
RiskVision firsts include scaling one million IT assets managed on a single instance, dynamic asset grouping, a hierarchical system assessment model and groundbreaking Always On Assessments for continuous monitoring required by FISMA. The platform also holds four patents, with additional patents pending.
“IT and security teams cannot develop an IT security strategy or implementation if they do not have a comprehensive understanding of their organization’s business risk,” said Joe Fantuzzi, president and CEO of RiskVision. “The boardroom level understanding of that fundamental need, and our ability to uniquely address it, is the primary reason RiskVision has emerged as the platform of choice for global leaders in financial, healthcare, government, retail, energy and entertainment industries.”
According to the authors of the ITRM Magic Quadrant, “In 2015 and 2016, ITRM software applications are being evaluated to meet the growing need for organizations to automate, to the extent possible, compliance and regulatory obligation management for IT-related risks. We have seen more interest among buyers trying to answer inquiries from their boards or customers about overall ITRM’s close link to cybersecurity measures. This is especially true in North America and Europe.”
RiskVision was also recently recognized in the Gartner’s Magic Quadrant for IT Vendor Risk Management (ITVRM), published April 15, 2016. You can read more about the ITVRM Magic Quadrant and RiskVision’s Third Party Risk Management solution here.
Source: Gartner, Inc., Magic Quadrant for IT Risk Management Solutions, Khushbu Pratap, Jeffrey Wheatman, 19 May 2016.
About the Gartner Magic Quadrant
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RiskVision develops comprehensive risk intelligence solutions for the enterprise. The highly decorated RiskVision platform is the industry’s first risk intelligence solution designed for today’s real-time, big-data, threat-centric world. RiskVision’s architecture and design delivers the industry’s best usability, scale, automation and time-to-deployment advantages – at a fraction of the cost of traditional solutions. CIOs and CROs of the world’s leading organizations and government agencies rely on RiskVision; customers include AXA Group, Cisco, Deutsche Bank, E*TRADE, Exelon, First Data, Fiserv, HCL, Novartis, Roche, Safeway, Sheetz, Southern Co., Time Warner, United Health Group, U.S. Departments of Defense, Health & Human Services, Justice, and Veterans Affairs, and dozens of other clients worldwide.
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