Agiliance for Agiliance RiskVision with Agiliance Compliance Manager Application Winner Winner
Between 2007 and 2010, Agiliance's success contributed to a 4,909 percent revenue growth rate. In 2010, the company grew more than 100 percent year-over-year – well above the governance, risk and compliance (GRC) market growth rate. Based on its growth, Agiliance was listed as number one security software company, number one GRC software company and number 39 fastest-growing private company in America on the 2011 Inc. 500 annual rankings.
Seventy-five percent of Agiliance customers are Global 2000 companies, spanning verticals such as financial services, government, health care, technology and retail. A sampling includes E*TRADE, RSA Insurance, U.S. Department of Health & Human Services, IRS and Kaiser Permanente. The company's EMEA base is quickly growing with enterprise wins at DnB NOR and the UK's Maritime and Coastal Agency.
Agiliance customer loyalty is strong with nearly 100 percent retention rate. More than 70 percent of customers license multiple applications, and more than 35 percent of customers are repeat buyers.
Agiliance's commitment to making risks visible, measurable and actionable extends beyond delivering comprehensive GRC solutions. Agiliance offers a variety of services – from training and implementation to ongoing architecture assessment. Agiliance's highly trained customer services team delivers consulting services for project planning and analysis, implementation, onsite and remote training, and custom development. Its support programs maximize the performance and availability of mission-critical GRC resources, including the provisioning of technical support (via telephone, web portal or email), as well as maintenance (upgrades and updates).
Agiliance has forged relationships with "big four" consultants and boutique firms, all with dedicated audit, compliance and risk practices, and certified expertise in Agiliance's software and solutions.
Most important to its customers, Agiliance stands behind high-impact results, impressive time-to-valuation solutions and low total cost of ownership (TCO). With its services teams and partner network, customers typically deploy six to nine days in the cloud and 60-90 days on premises.
Agiliance performs major releases every six months and patch releases quarterly. Innovation is paramount and 10 patents have been applied for, with three already awarded.
Customers participate in quarterly advisory summits, where they share knowledge and deployment experiences. Customers also can access the Agiliance sandbox to provide beta product feedback, test new patches and upgrades, run proofs of concept (POCs), and provide community contributions such as workflows and reports.
Further, Agiliance is an active participant in leading industry standards bodies, such as the Cloud Security Alliance and PCI Security Standards Council.
A majority of Agiliance customers see Agiliance RiskVision in combination with the Agiliance Compliance Manager Application strengthening their business. Some organizations automated compliance and saved three- to tenfold in time versus manual and consultant-led efforts; others were able to save 80 percent in personnel cost reductions ($millions per year); some have realized 70 percent decrease in risk and compliance assessment costs (also $1millions per year); and some launched third-party vendor programs to improve industry and credit ratings.
Agiliance maintains more than 50 content packs delivered at no charge. Included are frameworks from ISO, ISACA, COSO and OCTAVE, and guidelines from PCI, SOX and data privacy acts. In financial services, a market which encompasses 29 percent of customers, specific content includes FFIEC, BITS and GLBA. In the government sector, 25 percent of customers, specific content includes FISMA, NIST and SPF. In health care, 18 percent of customers, specific content include HITECH and HIPAA.
Based on revenue growth and number of customers, Agiliance believes it owns 25-30 percent of the overall market, which is considered very fragmented.
Agiliance RiskVision creates a repeatable, sustainable compliance program by mapping controls to multiple regulations, standards and processes, enabling a "test-once and comply-to-many" status. Agiliance RiskVision centralizes data in a common control framework where redundancy is eliminated and control objectives for multi-regulations are normalized.
Companies avoid audit fatigue and achieve continuous compliance through closed-loop automation. Automated control testing is achieved by importing results from connectors to a wide range of security and IT management tools. Agiliance RiskVision combines technical control testing and self-assessments for integrated continuous compliance automation.
"We have improved the efficiency of both our internal and external audits since we now centralize our data," says Anthony Johnson at Advance Auto Parts. "The auditors have saved time by not having to track down supporting documentation, and the audit respondents are now able to focus on just supplying the correct deliverables."
Nominated solutions should help organizations comply with specific regulatory requirements demanded of companies in the health care, financial services and government markets. Solutions should help customers meet mandates noted in such legislation as HIPAA, SOX, GLBA, FISMA, or in guidelines noted by the likes of the FFIEC or the PCI Security Standards Council. Nominees must be prepared to offer references of customers who are engaged in, or have already completed, real, fully- fledged deployments, and should be ready to address specific questions posed to them during the judging process.