SOURCE: MENTISoftware

May 08, 2008 11:56 ET

MENTISoftware Named "Cool Vendor" by Leading Analyst Firm

Vendors Selected for the "Cool Vendor Report" Are Innovative, Impactful and Intriguing

NEW YORK, NY--(Marketwire - May 8, 2008) - MENTISoftware, a leading governance, risk and compliance (GRC) software solutions provider, today announced its inclusion in Gartner, Inc.'s "Cool Vendors in Compliance and Risk Management" report. The April 24, 2008 report was written by Jeffrey Wheatman, French Caldwell, Tom Eid, Jay Heiser, John E. Van Decker, Roberta J. Witty, and Dave Russell.

According to the report, "In most cases, risk management and compliance solutions are not replacing older software, but automating manual processes, thus making these high-return-on-investment (ROI) purchases." The report continues, "Because risk management and compliance solutions are closely tied to business goals and objectives, it is important to consider the domain expertise and not just technology functionality. One noticeable characteristic of the cool vendors is their ability to keep up with evolving business objectives that are affected more by business cycles than by technology innovation."

"In my opinion, Gartner has always been ahead of its time, and we are honored to be recognized. MENTIS is known as an expert in compliance and information security, in addition to being a technology innovator. Our products have great depth and solve the complex problems that governance, risk and compliance teams face. Customers can quickly identify risk areas, analyze exposure, and then determine the action steps that will provide the most benefit. The architecture itself guides the user into making informed and successful decisions, and gives the ability to show concrete results to auditors," said Rajesh Parthasarathy, President and CEO of MENTISoftware.

MENTIS' comprehensive preventive and detective strategy automates compliance and security across the database and application architecture. The MENTIS technical engine is innovative and flexible with products that cover production and non-production databases, applications, and custom applications. Masking, monitoring, and access control products work independently or can be used as a complete GRC solution. Out-of-the-box metadata, data classification, and security rules allow companies to comply with changing, complex legislation within their industry, automate complex processes, and facilitate collaboration between compliance and technology groups. MENTIS provides a quick return on investment (ROI) and most products implement in a matter of days. Using the same technical engine that powers its products, MENTIS also provides an independent state of security review, which is a quick, yet comprehensive, risk and exposure assessment of an organization's database security setup. It includes a gap analysis of current state vs. industry-specific best practices and compliance requirements, and tactical and strategic recommendations to achieve and sustain best practices.

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.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About MENTISoftware

MENTIS was founded in 2004 by experts in information security, IT audit, compliance and enterprise software development. Pioneers in this market, MENTIS provides forward-thinking compliance and information security solutions that are highly effective, and cost-efficient tools for GRC teams (Governance, Risk, and Compliance). For more information, please contact 1-212-861-2235 or visit www.mentisoftware.com.

Contact Information

  • PRESS CONTACT:
    MENTISoftware
    Elisabeth Veltman
    616.530.1229
    Email Contact