Joe Fantuzzi President and CEO Agiliance

Agiliance, Inc., the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs, has announced its fourth consecutive quarter of record business results.

Compared to the first quarter of 2012, the company reported 415% growth in the financial services sector and a 65% overall increase in sales. Driving this growth is the need for organizations to detect and remediate advanced cyber threats before they cause damage, and comply with new requirements from multi-country regulatory bodies before they squeeze capital positions.

Agiliance achieved the following record results during its fiscal 2013 first quarter:

• 415 percent growth in financial services from Q1 2012 to Q1 2013.
• 65 percent growth overall from Q1 2012 to Q1 2013.
• 58 percent growth in recurring business from Q1 2012 to Q1 2013.
• 50 percent growth in third-party services backlog from Q1 2012 to Q1 2013.
• Eighth million-dollar license deal since releasing Agiliance RiskVision™ 4.x in 2009.
• 100 percent of customers renewed subscriptions at existing or higher levels.
• 18 percent operating profit against net revenue.
• 89 percent of customers now in production on Agiliance RiskVision 6.x, released in 2012.
• Attracted security industry luminary Robert Steinkraus to its board of directors.
• Received industry acclaim for the new Agiliance BYOD / HYOD Mobile Trust Service™.
• Signed three MSSPs to the new Agiliance Managed Risk-as-a-Service™ (M-RaaS) offering.
• Won awards and numerous finalist nominations from Info Security Products Guide, Network Products Guide, and Red Herring.

With monetary bodies’ mandates to increase scrutiny, a White House executive order already in place, and U.S. and E.U. cyber-legislation proposals in debate, organizations are faced with a shifting regulatory landscape. Under these new regimes, governance risk must be managed continuously using end-to-end and fully auditable processes, and independence must be achieved by a separation of duties between security operations and compliance testing. Agiliance RiskVision addresses governance and independence needs effectively and efficiently by delivering closed-loop risk automation, built-to-scale performance, and time-to-value deployment.

"Our business strategy is setting the risk standard of care using technology innovations and solutions best practices that drive customer project success and our financial results," said Joe Fantuzzi, president and chief executive officer at Agiliance. "Agiliance RiskVision’s real-time ability to identify, analyze, and mitigate big data risks is field-proven to deliver 5 to 10x better performance scalability and operational efficiency than any other risk management solution. We expect to achieve a 60% growth rate and 15% profitability again in 2013."
About Agiliance

Agiliance is the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs. Agiliance RiskVision enables Global 2000 companies and government agencies to automate their GRC management processes; and the same platform orchestrates incident, threat, and vulnerability actions in real time. Unlike legacy offerings that take nearly a year to deploy, Agiliance customers demonstrate automation use cases within 30 days on-demand, and within 60 days on-premise, made possible by Agiliance RiskVision's configurable platform and applications, with a broad library of technology integrations, and vast GRC content.

Agiliance RiskVision scales with businesses, effectively managing data, assets, people and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions.