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SureCloud has been recognized in Gartner’s Magic Quadrant for IT Vendor Risk Management for the first time after being placed in Gartner’s IRM solution Magic Quadrant back in July 2019.

 

The magic quadrant names several solution vendors that have been classified by Gartner as offering comprehensive vendor risk management (VRM) solutions.

Vendor Risk Management solutions enable organizations to accurately ascertain the security and compliance risks associated with their IT third-parties, creating a centralized register of these parties and integrating this with wider risk management processes.

The CEO and Co-Founder at SureCloud, Richard Hibbert commented saying: “We are thrilled that SureCloud has been included in the Gartner Magic Quadrant for IT Vendor Risk Management Tools; we believe it underlines our ability to offer a truly comprehensive third-party risk management solution.”

“Our scalable, flexible and highly configurable software-as-a-service (SaaS) delivery model, combined with managed service options, has proven particularly attractive to organizations looking to form a robust, central view of their vendor assurance program.”

Vendor risk management is a crucial part of any organization’s cybersecurity posture, with a number of third parties having access to highly sensitive data and therefore offering a route for potential criminals to gain access to their organization. Demonstrating a clear awareness of each third party’s approach to security and risk management is also an increasingly important aspect of privacy regulations such as the GDPR.

In response, SureCloud’s Vendor Risk Management solution is designed to offer a scalable and smooth means for organizations to assess and review all their IT third party vendors for potential risks.

 

SureCloud’s Third-Party Risk Management software solution provides:

  • A dynamically generated risk-assessment for each third party, ensuring that the questions they are asked are ones that apply to them
  • Full integration with data privacy programs and wider IT risk management processes.
  • Automated third-party notifications and response reporting.
  • A centralized register of all third-party IT vendors, giving a comprehensive view of risk

Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Christopher Ambrose, Joanne Spencer, 25 November 2019. 

 

Download a complimentary copy of the 2019 Gartner Magic Quadrant for IT Vendor Risk Management Solutions here.

 

Gartner Disclaimer

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.

About SureCloud

SureCloud is a provider of cloud-based, Integrated Risk Management products, which reinvent the way organisations manage risk. SureCloud’s products and services are underpinned by a highly configurable technology platform, which is simple, intuitive and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to support existing business processes without forcing organisations to engage in costly business change programmes. SureCloud has been recognised in the 2019 Gartner Magic Quadrant for Integrated Risk Management Solutions.

 

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In every review is an experience that matters. Discover our Vendor Risk Management customer feedback with G2, here.

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