|By Business Wire||
|April 4, 2014 08:02 AM EDT||
Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced record momentum in 2013 with 55% year-over-year revenue growth, including a dramatic increase of 250% in multi-year software and services revenues fueled by large high-profile client wins. Further validating its position as the largest independent provider of technology GRC solutions, Modulo also reported over 200% growth in SaaS sales driven by adoption of its Risk Manager platform in the North America market.
Modulo is seeing increased demand for a wide variety of GRC use cases, in particular Third-Party Vendor Risk Management; Vulnerability and Cybersecurity Risk Management; PCI, NERC and ISO compliance management; Enterprise Risk Management (ERM); and Operational Risk Management. Many Modulo customers demonstrate success with one use case and expand the platform into other areas of the organization – getting risk stakeholders on the same page with a common language and dashboard, and creating repeatable business process automation and performance optimization.
Modulo continues to win customers in critical infrastructure industry sectors such as Energy, Finance, Healthcare and Manufacturing and is increasingly gaining traction in other fast-growth sectors such as Communications and Services, distinguished by new customers such as these:
- F250 fast food company
- F500 global tire manufacturer
- F500 pharmaceutical and medical equipment company
- Global managed security services provider
- Global prepaid card and transaction provider
- National insurance and finance company
- National regulatory assessments and consulting group
- National broadcast television company
- National digital entertainment technology company
- National creative firm
- North American business services provider
In another major GRC win, Modulo was awarded the bid for the “Secured Brazil” consortium. This collaborative project for Brazil’s Extraordinary Secretariat of Security for Major Events (SESGE), led by Modulo in partnership with Agora Telecom, COMTEX and Unisys, will provide IT solutions, services and infrastructure to fourteen Command and Control Integrated Centers (CICC) in the twelve Brazil 2014 World Cup host cities.
Modulo Risk Manager has recently been recognized with the following awards and analyst rankings: a “2014 GRC Technology Innovation Award” and “2013 GRC Value Award” by GRC 20/20; a “2013 Innovator of the Year” and “5-Star” in Risk & Policy Management by SC Magazine; and a “Strong Performer” in The Forrester Wave™: Governance, Risk and Compliance (GRC) Platforms, Q1 2014 by Forrester Research Inc. (January 27, 2014). Modulo has also received industry recognition with a “Positive” rating in Gartner’s 2013 MarketScope for IT Governance, Risk and Compliance Management (IT GRCM) (1) and has been positioned in the “Visionaries” Quadrant of Gartner’s 2013 Magic Quadrant for Business Continuity Management Planning Software (2).
“With over 700 software clients worldwide, Modulo exceeded expectations in 2013 and is poised for a sharp trajectory in 2014 to meet the exponential demand for organizations looking to manage the risk of increasing security threats, regulatory requirements and third-party and cloud partners,” commented Stephen Gant, Managing Director of North America for Modulo.
Modulo also achieved these milestones in 2013 and Q1 2014:
- Major New Version of Modulo Risk Manager, V9.0: Including new fully-featured dedicated modules for Enterprise Risk Management, Vendor Risk Management, and Business Continuity Management.
- New ERM Module: Expands risk reporting to broader enterprise issues to gain better visibility into and respond more quickly to enterprise risks; including ability to create and monitor Key Risk Indicators (KRIs)
- Beta Release of GRC Intelligence Solution: A portal for integrating real-time information from any data source – including IT security, physical security and incident management tools, vendor surveys, social and mobile analytics and more – in context of GRC management programs with the power of Business Intelligence reporting
- Integration capabilities with 40+ products out-of-the-box
- Comprehensive Content Library: 400+ knowledge bases (27,000+ controls) and 180 frameworks
- Expanded Executive Customer Advisory Board: Driving GRC maturity
- New Strategic Technology Consulting Partners: Ranging from Big 4 firms to regional and industry-specific consultants
- Staff additions in North America, EMEA and APAC, with 100 of Modulo’s 400-person staff dedicated to software R&D
Modulo Risk Manager is recognized as the best value on the market for the new generation CSO/CIO. “We are committed to providing an integrated platform that grows with the customer as they mature their GRC program throughout the entire organization. We continue to invest heavily in the research and development – having added significantly to our development team – as well as in our international operations in the North America, EMEA and APAC markets,” added Gant.
|(1)||Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor, June 7, 2013.|
|(2)||Gartner “Magic Quadrant for Business Continuity Management Planning Software,” by Roberta J. Witty and John P. Morency, August 26, 2013.|
About the MarketScope and Magic Quadrant
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. 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.
Modulo is a leading global enterprise provider of technology governance, risk and compliance (GRC) management solutions. Hundreds of organizations around the world leverage the award-winning Modulo Risk Manager™ as a flexible and affordable approach to manage risk, compliance, and business continuity across the enterprise and extended enterprise of third-party relationships. Customers span the financial, healthcare, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo has earned industry recognition as both a 2012 and 2013 Innovator of the Year from SC Magazine, which also gave the company's products “5-Star” review ratings for three consecutive years.
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 29, 2016 11:15 AM EDT Reads: 1,329
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 29, 2016 11:15 AM EDT Reads: 664
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 29, 2016 09:45 AM EDT Reads: 1,027
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 29, 2016 09:45 AM EDT Reads: 1,462
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 29, 2016 09:45 AM EDT Reads: 2,126
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jul. 29, 2016 07:15 AM EDT Reads: 1,635
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 29, 2016 06:45 AM EDT Reads: 2,367
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 29, 2016 04:45 AM EDT Reads: 2,571
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 29, 2016 04:15 AM EDT Reads: 2,680
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 29, 2016 02:45 AM EDT Reads: 1,615
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 29, 2016 02:30 AM EDT Reads: 1,467
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Jul. 29, 2016 02:00 AM EDT Reads: 1,697
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 29, 2016 12:15 AM EDT Reads: 2,012
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Jul. 28, 2016 11:45 PM EDT Reads: 1,275
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 10:15 PM EDT Reads: 1,454
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 28, 2016 10:00 PM EDT Reads: 2,107
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 28, 2016 09:00 PM EDT Reads: 2,731
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 28, 2016 07:15 PM EDT Reads: 1,263
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 05:30 PM EDT Reads: 2,236
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 28, 2016 04:30 PM EDT Reads: 1,223