VANCOUVER, British Columbia–(BUSINESS WIRE)–Galvanize, the global leader in SaaS governance, risk management, and compliance (GRC) software, today announced that it has been recognized by Gartner as a Leader in the 2019 Gartner Magic Quadrant for IT Vendor Risk Management Tools*.
The Gartner Magic Quadrant for IT Vendor Risk Management Tools is an annual evaluation of the IT vendor risk management technology market.
Galvanize’s ThirdPartyBond offers customers a comprehensive solution to support end-to-end third-party risk management (TPRM) independently, or as part of a broader integrated risk management program. It automates and continuously monitors vendor lifecycle management, improves program coverage, enhances risk quantification, facilitates maturation, optimizes processes, and enhances collaboration.
“We are delighted to be recognized as a Leader in IT vendor risk management tools,” said Dan Zitting, chief customer experience officer at Galvanize. “Data breaches that occur outside an organization’s safeguards, or the failure of a vendor or partner who is pivotal to strategy are serious concerns that keep CISOs and CROs up at night. Our platform automates the assessments of these critical partners, enhances assessments with information from numerous data sources, and tightly integrates risk management programs to show vendor risk impacts on your overall cybersecurity posture, regulatory compliance, and enterprise risk. The resulting C-suite storyboards also inspire confidence in boardroom conversations.”
ThirdPartyBond is pre-configured to meet industry best practices, so business users can quickly tailor an IT VRM workflow without the expense of extended, time-consuming consulting engagements common with competing solutions. Robotic automation—on both internal and tightly-integrated third-party data—means organizations can significantly reduce manual work and achieve continuous, real-time analysis and assessment of every vendor.
To learn more about Galvanize and ThirdPartyBond, visit: https://www.wegalvanize.com/vendor-risk-management/
A full, complimentary version of the 2019 Gartner Magic Quadrant for IT Vendor Risk Management Tools is available for download here.
*Gartner Magic Quadrant for IT Vendor Risk Management Tools, Christopher Ambrose, Joanne Spencer, 25 November 2019
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.
Galvanize builds award-winning, cloud-based security, risk management, compliance, and audit software to drive change in some of the world’s largest organizations. We believe GRC professionals should be the most sought after people in an organization and we’re on a mission to unite and strengthen individuals and entire organizations through the integrated HighBond software platform. With more than 6,300 customer organizations in 130 countries, Galvanize is connecting teams in many of the Fortune 1,000 and S&P 500 companies, and hundreds of government organizations, banks, manufacturers, and healthcare organizations. Whether these professionals are managing threats, assessing risk, measuring controls, monitoring compliance, or expanding assurance coverage, HighBond automates manual tasks, blends organization-wide data, and broadcasts it in easy-to-share dashboards and reports. But we don’t just make technology—we provide tools that inspire individuals to achieve great things and do heroic work in the process.
©2019 ACL Services Ltd. ACL, Galvanize, the Galvanize logo, HighBond, and the HighBond logo are trademarks or registered trademarks of ACL Services Ltd. dba Galvanize. All other trademarks are the property of their respective owners.