8 top vendors for integrated risk management software
IBM, Lockpath, MetricStream and SAI Global are among the top providers of integrated risk management software, says research firm Gartner.
About these vendor picks
Research firm Gartner, Inc. has released a new report looking at several of the top firms for integrated risk management. The report does not rank the vendors or their products, but presents the firms as an alphabetical listing. The eight firms included are...
“IBM is an established IRM solution provider offering IRM capabilities through its OpenPages GRC Platform,” the report says. “IBM offers a lighter version of the solution with slimmed-down functionalities and serves midsize customers with its out-of-the-box functionality. However, because of its higher price points compared with its competitors, adoption of IBM's solution mostly from large enterprises, especially those with complex environments. IBM's solution can be deployed either on-premises or as SaaS. Approximately, 50 percent of OpenPages' customers are in the financial services sector.”
“Lockpath delivers its Keylight platform primarily as SaaS, though it also offers on-premises, hybrid or third-party-hosted models of its solution,” the report says. “A vast majority (more than 90 percent) of Lockpath's revenue comes from North America. Lockpath's customer base is heavily concentrated in the healthcare, financial services and retail sectors.”
“While LogicManager does serve large enterprise customers, their sweet spot is the midmarket, which accounts for 80 percent of their customer base. Highest percentage of their revenue comes from North America and some revenue from Australia and the EU,” the report explains. “In terms of verticals, approximately 40 percent of LogicManager's revenue comes from the financial sector and the remaining is pretty evenly spread across manufacturing & transportation, insurance, energy and utilities, consumer goods and services and others.”
“MetricStream is one of the more established IRM solution providers,” the report says. “MetricStream's platform can be deployed either on-premises, hosted or as SaaS. MetricStream targets highly regulated industries, with more than 45 percent of its revenue coming from the financial services sector and the remainder from manufacturing, healthcare, energy and utilities, and government. About 45 percent of its revenue comes from outside the U.S. It is actively expanding into EMEA, but has been seeing limited growth in Asia/Pacific.”
“RSA's Archer platform supports a spectrum of IRM use cases and can be deployed either on-premises or in a multitenant, private hosted environment,” the report explains. “RSA's customers are spread across different verticals with banking, finance and insurance, healthcare, government, and technology and telecom being the top verticals.”
“The Rsam platform is cloud-based, but is also offered as on-premises and hybrid architectures,” the report says. “Seventy-five percent of Rsam's revenue comes from North America, but Rsam has been slowly expanding into EMEA and Asia/Pacific. Rsam targets large companies in highly regulated industries, and in the upper end of the midsize-enterprise market.”
“SAI Global's Compliance 360 platform, and risk and compliance training solutions are offered as SaaS, and its Digital Manager 360 platform is a subscription-based offering either on-premises or as a SaaS solution,” the report explains. “Approximately, 65 percent of its revenue comes from North America, followed by EMEA (20 percent), Latin America (2 percent) and Asia/Pacific (13 percent). Its top three industries by revenue are global manufacturing, healthcare/healthcare insurance, and life sciences.”
“Thomson Reuters provides IRM capabilities through its Connected Risk platform,” the report says. “Most of its customers are deployed on-premises. Approximately, 60 percent of Thomson Reuters' revenue comes from the Americas, 30 percent from EMEA and 10 percent from Asia/Pacific. Thomson Reuters' customers are mostly in the BFSI sectors.”