Galvanize, the global leader in SaaS governance, risk, and compliance (GRC) software, today announced it has been named as a Leader by Gartner in the 2020 Magic Quadrant for IT Vendor Risk Management Tools. This marks the second consecutive year Galvanize was acknowledged, recognizing the company’s completeness of vision and ability to execute.
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Galvanize’s HighBond platform minimizes exposure to financial, operational, reputational, and security risk from third parties by automating the entire lifecycle of third-party risk management (TPRM). From onboarding, assessment, and remediation, to performance monitoring and ongoing review, the software manages the entire TPRM process. The solution is highly configurable and designed to accommodate change and program maturation over time as organizations adapt to evolving business, regulatory, and risk landscapes.
“Galvanize is on a mission to provide executive visibility, assurance, and confidence while mitigating the cost of managing risk and compliance,” said Dan Zitting, chief product and strategy officer, Galvanize. “From our view, Gartner’s acknowledgement of Galvanize as a Leader in IT vendor risk management tools comes when GRC professionals face unprecedented risk as a result of the pandemic. COVID-19 has upended the public and private sectors, and organizations are now dealing with strained supply chains, remote workforces, and increased cybersecurity attacks—all of which create new vulnerabilities for vendors critical to operations. Now more than ever, commercial organizations and governments alike need to continuously monitor and assess their third-party risk to assure their overall cybersecurity posture, regulatory compliance, and enterprise risk.”
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