SOURCE: Agiliance


July 09, 2012 09:00 ET

Agiliance Reports 702% First Half Growth in Financial Services

Agiliance RiskVision 6.5 Answers Growing Demand for Integrated Risk Management From the C-Suite to IT Security Operations

SUNNYVALE, CA--(Marketwire - Jul 9, 2012) - Agiliance®, Inc., the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs, today announced record results for the first half of 2012. The company's growth is fueled by a shift toward Real-Time Context™ for enterprise risk management, visualization needs for C-Suite and risk owners, as well as a mandate for big data correlation and auto-remediation in IT security operations. Embracing these market drivers, Agiliance recently released Agiliance RiskVision™ 6.5, enabling dynamically adjustable views of financial, operational, and security risks across diverse business units to boost operational efficiency and prove governance effectiveness.

Agiliance achieved record results across the following key business performance indicators during the first half of its fiscal year 2012:

  • 702 percent year-over-year growth in financial services from 1H 2011 to 1H 2012, winning business at CIT Group, DnB NOR, E*TRADE, Fiserv, and State Street Bank, among others.
  • 115 percent year-over-year growth from Q2 2011 to Q2 2012.
  • 67 percent sequential growth from Q1 2012 to Q2 2012.
  • Sixth million-dollar license deal since releasing Agiliance RiskVision 4.x in 2009.
  • 95 percent growth in services delivered by third parties, leveraging Agiliance RiskVision to scale strategic projects for audit preparedness, enterprise risk, and IT cloud transformation.
  • 4:1 in Agiliance software to services ratio, illustrating Agiliance RiskVision's configurability without time-to-value compromise and the lowest total cost of ownership in the market.
  • 63 percent of customers now in production on Agiliance RiskVision 6.x, which has been in the market for just a year.

A Fortune 10 financial services client is already using Real-Time Context and big data correlation functionality found in Agiliance RiskVision 6.5. One use case is IT network and application risk assessments and regulatory audits for business unit staff and executives. Saddled with a first-generation, rigid GRC solution that was not able to dynamically create data views and workflow for executive actions, they replaced it with Agiliance RiskVision's contextual domain technology that configures attestation dashboards on the fly to action mitigation, delegation, or exception on findings. In addition, Agiliance RiskVision big data correlation gave them search ability on hundreds of thousands of vulnerabilities to identify business-critical risks. They use historical and current vulnerability data in Agiliance RiskVision to present compliance trending analytics for the C-Suite, something not possible with their previous GRC solution, even with custom programming.

"Knocking the cover off the ball in the first half of 2012 is a most energizing feat for our company. We challenge the market status quo, are maniacal about customer satisfaction, and keep innovating as competition wanes," said Joe Fantuzzi, president and chief executive officer at Agiliance. "We gained strengths in so many dimensions that we are now replacing once untouchable suppliers in the world's largest financial services organizations. We forecast over 50% sequential growth again in Q312."

Agiliance's record performance was buoyed by numerous industry accolades, such as the 2012 GOVTek Award for Best Transparency Solution, the 2012 SC Magazine Excellence Award, the 2012 Info Security Product Guide's Global Excellence Award, and a 5-Star Rating in the 2012 SC Magazine Risk and Policy Management Group Test

About Agiliance

Agiliance, founded in mid-2005, 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 90 days on-premise, made possible by Agiliance RiskVision's configurable platform and applications, with a broad library of technology integrations, and 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. For more information, please visit

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