Stephen Gant International Managing Director Modulo

Modulo, a leading provider of Governance, Risk and Compliance (GRC) solutions, has announced Modulo has received a “Positive” rating in Gartner’s MarketScope for IT Governance, Risk and Compliance Management (IT GRCM). Gartner evaluated Modulo Risk Manager v8.0. Over 1,000 organizations around the world leverage Modulo’s flexible and affordable approach to manage risk, compliance, and business continuity across the enterprise and extended enterprise of third-party relationships.  

Modulo is well positioned to take advantage of and drive the evolving market for IT GRC, which is experiencing a major shift toward aligning risk and compliance programs to the business for better intelligence and decision making. IT risk and compliance is one of the fastest growing segments of the security market. “IT GRC products and client requirements remain strong as organizations seek to integrate IT-related risk and oversight into broader governance and enterprise risk programs. As client maturity improves in both IT and enterprise GRC, the demand for these solutions will continue to grow,” according to report author Paul E. Proctor, VP Distinguished Analyst, security, privacy and regulatory compliance, Gartner. (1)

Reflecting this maturity, Gartner redefines IT GRC in this report as “composed of functions to support non-IT decision making, and non-IT executive reporting for IT-related use cases such as vendor risk management, compliance management, IT risk assessment, integrated risk reporting and policy management.”

Modulo Risk Manager is recognized industry-wide as a mature tool to support a wide range of IT GRC use cases as well as Enterprise GRC use cases and security operations use cases such as threat and vulnerability risk management. Modulo is particularly seeing adoption among large enterprises with broad ITGRC requirements. In addition, Modulo is uniquely positioned for large critical infrastructure implementations, such as SCADA, cyber defense, and municipalities where an integrated IT, physical, and operational technology (OT) risk management approach is required.

"Modulo is on a trajectory to becoming the largest independent IT GRC player in the industry. We believe Gartner’s IT GRCM MarketScope evaluation is another milestone for the company marking the momentum that the company is experiencing in North America as well as worldwide. Modulo is committed to helping our customers to attain the vision of GRC to effectively manage their risk in this dynamic environment while delivering business insight and value,” said Stephen Gant, Managing Director of North America for Modulo.

Gant adds, “Our respected and growing user community gives us the insight to continually innovate our technology platform and find new ways to apply it throughout their organizations.”

Core IT GRC technology functions assessed in the IT GRCM MarketScope include controls and policy mapping, survey capabilities, GRC asset repository, workflow and IT risk evaluation and dashboards. Modulo customers report a high return on investment from a low cost, quickly implemented, and content-rich GRC solution. The product platform is available in three flexible license models: SaaS, perpetual-based on premise software and subscription-based on-premise software.

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 comprehensive Governance, Risk and Compliance (GRC) management solutions. Modulo’s award-winning Risk Manager™ provides hundreds of organizations worldwide with the tools they need to automate the entire GRC management process to monitor, manage and sustain adherence to policy and regulations while reducing enterprise risk and complexity. Customers span the financial, health care, 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 a 2012 Innovator of the Year from SC Magazine; “Best Buy” and “5-Star” in SC Magazine’s risk management group product reviews for two consecutive years (2012 and 2011); finalist in SC Magazine Excellence Awards for two consecutive years (2012 and 2011); and winner of the Info Security Products Guide Global Excellence Awards and Network Products Guide Product Innovation Award.

(1) Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor, June 7, 2013.