SOURCE: Archer Technologies

July 09, 2008 10:13 ET

Archer Technologies Positioned in the Challengers Quadrant in the Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms

OVERLAND PARK, KS--(Marketwire - July 9, 2008) - Archer Technologies (Archer), a provider of enterprise governance, risk and compliance solutions, today announced it has been positioned by Gartner, Inc. in the challengers quadrant for the June 2008 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms.(1)

As an established leader in the IT-GRC market and a new vendor in the Enterprise GRC space, Archer has developed a client base for its solutions that includes one in four of the Fortune 100, 36 of the top 40 US financial services institutions, 12 leading technology companies, and global energy, retail, media and telecommunications firms. Due to client demand, Archer has expanded from an IT-GRC focus into the broader Enterprise GRC space by delivering a combination of award-winning, out-of-the-box solutions and a flexible platform for tailoring and building new solutions.

"Because of the flexibility of our solutions to accommodate any GRC process, our customers are rapidly expanding their use of Archer to the enterprise level," says Jon Darbyshire, president and CEO of Archer Technologies. "To be positioned by Gartner among the Challengers in the E-GRC space so early in our market entry is encouraging to the Archer team and motivates our employees to continue our expansion of products through technology innovation and customer collaboration."

Darbyshire goes on to note, "During the first and second quarters of 2008, Archer was selected to serve six new E-GRC customers, including one Fortune 10, two Fortune 100, and six Fortune 1000 organizations. We feel that these successes demonstrate our ability to exceed customer expectations for innovation, quality and service in the broader E-GRC market."

To learn more about Archer's E-GRC solutions, visit www.archer-tech.com/solutions/index.html.

(1) Gartner, Inc. "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell and Tom Eid, 30 June 2008

About the Magic Quadrant

The Magic Quadrant was copyrighted 30 June 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Archer Technologies

Archer Technologies delivers enterprise governance, risk and compliance (E-GRC) solutions. With more than six million licensed users and a client list that includes one in four of the Fortune 100, Archer enables highly regulated companies to reduce enterprise risks, manage and demonstrate compliance, automate business processes, and gain visibility into corporate risk and security controls.

All Archer solutions are built on the highly flexible Archer SmartSuite Framework, allowing clients to tailor the solutions according to their unique requirements and to build new on-demand applications to expand their E-GRC program. As a result, many of Archer's clients consider the Framework their go-to platform for rapid application development.

Archer clients maximize their use of the Framework through the Archer Exchange, an online marketplace of applications, services, content and integration solutions, and the Archer Community, an online social network of discussion forums, product ideas, downloads and resources. Through this supporting Archer ecosystem, clients have the tools and services they need to build a best-in-class E-GRC program. For more information, visit www.archer-tech.com.

Contact Information

  • For more information, press only:
    Erica Camilo
    BluePoint Venture Marketing for Archer Technologies
    781-861-7800
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