SOURCE: Evantix

Evantix

May 03, 2010 18:00 ET

Evantix Named "Cool Vendor" 2010

ALISO VIEJO, CA--(Marketwire - May 3, 2010) -  Evantix announced today that it was named to Gartner's prestigious "Cool Vendors of 2010" list in the Vendor Risk Management market segment. Gartner defines a "Cool Vendor" as a company that is intriguing, innovative, and impactful.

Gartner's research identified Evantix as a "Cool Vendor" due to its unique offering in the vendor risk management space. 

"The proliferation of mandates for the risk monitoring of third-party suppliers (TPSs) that have access to personally identifiable information is by far the biggest current driver of VRM (Vendor Risk Management). These mandates include the state-level data breach notification laws in the U.S., the Payment Card Industry (PCI) standards, privacy regulations worldwide, and industry-specific regulations in healthcare, telecom, and banking"(1), writes French Caldwell, Vice President Gartner Research, in a recent report.

Evantix was recognized because it addresses two of the biggest challenges facing VRM. First, it helps organizations responsible for understanding their third-party supplier risk exposure deal with thousands of vendors they must monitor quickly and efficiently using a variety of industry standard frameworks. Second, service providers deluged by self-assessment surveys and audits from their customers are able to leverage the Evantix solution to provide one response that can be leveraged many times. Positioning itself as a "risk bureau," Evantix has developed a series of standardized risk reports on service providers across a broad spectrum of services. The big advantage for service providers is that their IT controls can be assessed once, and that assessment can be shared with multiple customers.

"We're proud to be recognized as a Cool Vendor by Gartner," said James Christiansen, CEO of Evantix. "Because Gartner is widely recognized as the leading research authority on vendor risk management, this distinction is especially meaningful. To be recognized for our product suite is extremely rewarding for our entire team."

About Evantix
Evantix delivers on-demand operational risk scores, reports, and monitoring on companies around the globe through its pioneering Risk Reporting Bureau. The Evantix reports and risk scores are used by corporate risk managers, procurement officers, and other business teams to identify and manage IT risk, privacy risk and regulatory compliance across large complex businesses, their supply chains, and various 3rd party business relationships. Information about Evantix's products and services can be found at www.evantix.com.

About Gartner's Cool Vendors Selection Process
 Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

(1)Gartner, Inc. Emerging Vendor Risk Management Solutions, French Caldwell, March 25, 2010.

Contact Information

  • Contact information:
    Rick D'Angona
    VP Operations
    949-350-3501