RiskVision 5.0 Viral Adoption Extends Agiliance GRC Solution Lead
Agiliance Pace of Innovation Delivers 16 Customers in Deployment and Two New Patents
San Jose, Calif. – July 26, 2010 – Agiliance, Inc., the leading independent provider of Governance, Risk and Compliance (GRC) solutions, today announced 16 of its enterprise customers are already in deployment of RiskVision 5.0, released in March 2010. The company also announced two new patents – one each for risk simulation and risk automation – awarded by the U.S. Patent Office. This follows May news in which Agiliance earned the highest possible “Strong Positive” rating in Gartner’s report entitled “2010 MarketScope for IT Governance, Risk and Compliance Management.”
Celebrating its fifth anniversary today, Agiliance is the second generation GRC solution leader with RiskVision 5.0 adoption happening at a record pace. Relentless innovations in product and technology – including flexible workflows, policies and controls mapping, automated data collection, interactive dashboards, application implementation without coding, cloud and on-premise delivery, a seamless upgrade path and value-tiered pricing – give Agiliance customers the highest benefits and lowest total cost of ownership (TCO) in the industry. By comparison, first generation GRC solutions built on generic frameworks and costly ongoing services can no longer innovate and are leaving customers behind.
Agiliance customers in new RiskVision 5.0 deployments include Bell Canada, British Columbia Government, DnB NOR, eTRADE, and Fiserv. Existing customers in upgraded RiskVision 5.0 deployments include bwin International, Erste Bank, Exelon, Experian, Highmark, Kaiser Permanente, Phillips Healthcare, Public Health Agency of Canada, Salesforce.com, US Health & Human Services and US Navy SPAWAR. Many of these customers upgraded their implementations to RiskVision 5.0 in under a week, further evidence of Agiliance’s commitment to and differentiation around time-to-value.
Recognizing Agiliance innovation in risk management technology, the United States Patent & Trademark Office (USPTO) awarded two new patents. These notices are part of many more patents expected to be issued to Agiliance in the next 18 months, demonstrating Agiliance’s thought leadership and commitment to delivering customer excellence. The patent descriptions are as follows:
• U.S. Patent No. 7747494, entitled “Non-Determinative Risk Simulation” was issued on June 29, 2010. Technology supporting this patent is embedded in RiskVision 5.0, and allows users to evaluate confidentiality risk, integrity risk and availability risk and to build “what-if” scenarios with risk simulations by changing variety of risk factors from the underlying assets and environment.
• U.S. Patent No. 7752125, entitled “Automated Enterprise Risk Assessment” was issued on July 6, 2010. Technology supporting this patent is embedded in RiskVision 5.0, and allows organizations to combine continuous monitoring with reliable risk scoring, using a neural network based statistical model. This model dynamically assigns risk factors from underlying systems – assets, incidents, vulnerabilities, patch, compliance, etc. – generated by existing tools in the environment.
“Agiliance customers are world-class organizations that demand we help them manage risk in real-time, and that includes migrating quickly from release to release with automated upgrades, rich documentation and quality design,” said Pravin Kothari, founder and CTO at Agiliance. “We are pleased that a deliberate focus on time-to-value and technology innovation has made RiskVision 5.0 the second generation GRC solution leader. Our latest patents emanated directly from community discussions with customers and partners, so we share this success with them today on the company’s fifth anniversary.”
About RiskVision 5.0
RiskVision 5.0 is an industry-first GRC solution giving organizations a true link between enterprise compliance and risk objectives, and security threats in cloud, mobile and on-premise environments. The release includes threat source identification, correlation, aggregation and scoring, closed-loop incident and remediation management with patch tools, plus out-of-the-box support for Application Security, Verisign, ArcSight, eEye, NIST, SCAP and NERC. RiskVision 5.0 also delivers advances in policy with formatted import from Word, and audit with findings and gap analysis.
Agiliance is the leading independent provider of Governance, Risk and Compliance (GRC) solutions. Public Sector and Global 2000 customers use Agiliance real-time risk analysis to optimize business performance and make better investment decisions. Agiliance GRC technology has scalable automation to enable closed loop risk management and continuous compliance, minimizing audit costs and fatigue. Unlike legacy offerings that take nearly a year to deploy, Agiliance’s customers deploying RiskVision achieve demonstrable value with full automation within the first 90 days, made possible with Agiliance’s industry-leading technical integrations and GRC content libraries. RiskVision scales with your business to manage the massive amounts of data, assets, people and processes required to ensure 100 percent risk and compliance coverage. For more information, please visit http://www.agiliance.com.
Agiliance, OpenGRC and RiskVision are trademarks of Agiliance, Inc.
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