SOURCE: LockPath, Inc.

LockPath, Inc.

May 10, 2016 09:00 ET

LockPath Evaluated in Gartner's 2016 Magic Quadrant for IT Vendor Risk Management

OVERLAND PARK, KS--(Marketwired - May 10, 2016) - LockPath®, a leader in governance, risk management and compliance (GRC) solutions, today announced that the company has been recognized in Gartner, Inc.'s Magic Quadrant for IT Vendor Risk Management (IT VRM).

LockPath was one of twelve vendors evaluated in the Gartner report, which was published April 28, 2016, by analysts Christopher Ambrose, Joanne Spencer and Edward Arthur Weinstein. The report, which aims to help organizations evaluate IT VRM software solutions, recognized LockPath's Keylight Platform as a challenger in the space.

Keylight integrates the full vendor lifecycle into daily GRC processes and includes capabilities for information gathering, due diligence investigation, risk assessments, contract negotiation, ongoing monitoring and termination workflows. This holistic approach, coupled with Keylight's patented Dynamic Content Framework™ and advanced reporting and analytics capabilities, supports a risk-based and proactive program for IT VRM.

"IT service providers and vendors are extensions of an organization and their actions can have a direct impact on compliance efforts and brand reputation," said Chris Caldwell, Chief Executive Officer at LockPath. "This recognition further demonstrates its growing significance. Keylight is designed to accurately assess, identify and remediate risks, including third parties, and we are thrilled to be included in this year's Magic Quadrant."

To purchase the Magic Quadrant for IT VRM, visit Gartner's website. LockPath was also recently recognized in Gartner's Market Guide for Corporate Compliance and Oversight Solutions.

To learn more about LockPath's Keylight Platform, visit lockpath.com.

About Gartner's Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of the fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About LockPath
LockPath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company's flexible, scalable and fully integrated suite of applications is used by organizations to automate business processes, reduce enterprise risk and demonstrate regulatory compliance to achieve audit-ready status. LockPath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas. For more information on LockPath and the Keylight platform, visit lockpath.com. Follow LockPath on LinkedIn and on Twitter at @LockPath and @KeylightGRC for the latest in industry, company and product news.

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