Agiliance, Inc., the leading independent provider of integrated Governance, Risk and Compliance (GRC) solutions, today announced it has achieved record financial performance with year-over-year revenue increasing more than 100% in 2009. Driving company growth in 2009 were significant customer and partner relationships with industry leading organizations such as Bell Canada, Department of Health and Human Services, Kaiser Permanente, McAfee and PricewaterhouseCoopers LLP, increasing the company’s presence in several key verticals including healthcare, financial services and the government.
Highlights of 2009 growth included:
• Triple digit year-over-year increase of customer base despite poor macroeconomic conditions.
• Strong growth in government and healthcare verticals, highlighted by new customers such as Navy SPAWAR, Department of Health and Human Services, Public Health Agency of Canada, and Highmark.
• Increase in financial services customer base more than 150% year-over-year.
• Existing customers such as Cisco and Kaiser Permanente continued to invest in Agiliance solutions, accounting for 45% of total revenue.
Additional success milestones in 2009 included Agiliance receiving a rating of “Strong Positive” by Gartner as part of the research firm’s 2009 MarketScope for IT Governance, Risk and Compliance Management (IT-GRCM) - furthering Agiliance’s market reach and affirming its status as a leading provider of GRC technology. Agiliance also received recognition from Secure Computing (SC) Magazine, garnering accolades for its RiskVisionTM GRC platform, which was included in the publication’s impressive list of “2009 Innovators.”
Agiliance’s success and product innovations have also attracted top tier solution and technology partners. In 2009, Agiliance announced strategic partnerships with PricewaterhouseCoopers LLP, Bell Canada, and McAfee. These strategic relationships have resulted in market-leading joint solutions such as Bell Privacy Manager™.
Agiliance’s continuing business success is supported by its track record of relentless innovation in GRC technologies. The company launched two new industry leading applications in 2009, including RiskVision Privacy Manager™ and RiskVision Threat and Vulnerability Manager™. RiskVision Privacy Manager is the industry’s first fully integrated solution to help organizations manage their privacy programs, offering privacy impact assessment, policy and education, and incident management in a single out-of-the-box solution. RiskVision Threat and Vulnerability Manager is the next generation automation solution for managing organization wide threat and vulnerability programs. RiskVision Threat and Vulnerability Manager offers unprecedented levels of integration and automation across vulnerability scanner, advisory feed, configuration management, asset management, and patch management technologies. These two new solutions are fully integrated components of the RiskVisionTM Platform, along with Compliance Manager™, Enterprise Risk Manager™, Policy Manager™, Incident Manager™, and Vendor Risk Manager™.
“Recent customer wins at global companies coupled with our record financial growth in 2009, validate the strength of our value proposition even in a tough economic climate,” said Pravin Kothari, Chairman of the Board of Agiliance, Inc. “We expect to continue the momentum generated by the success of our key partnerships, company expansion, and industry recognition of our best-of-breed GRC solutions, and look forward to another highly successful and profitable year.”
Agiliance (agiliance.com) founded in 2005, is the leading independent provider of enterprise Governance, Risk and Compliance (GRC) solutions. The Agiliance GRC solution enables organizations to manage their IT and operational risks more effectively, while reducing the cost of meeting compliance mandates. Agiliance RiskVisionTM is a fully integrated suite of GRC solutions, delivered on a purpose-built GRC technology platform. Global Fortune 5000 companies leverage Agiliance’s award-winning technologies to address increasingly stringent GRC requirements and complex security threats. The Agiliance RiskVision platform offers an agile, modular approach to deploying GRC so that customers can meet mounting requirements. RiskVision has received the highest rating of “Strong Positive” in the latest Gartner MarketScope for IT-GRCM, as well as the highest rating of “Leader” in the latest Forrester Wave for IT Risk and Compliance Software. With strong backing from leading technology venture funds, Agiliance has established a premiere market position and has set a strong track record of production innovation in GRC.