LogicGate name a Representative Vendor by Gartner for the second consecutive year
LogicGate , a leading provider of transformative risk and compliance solutions through its Risk Cloud platform, announced it was listed as a Representative Vendor in the November 2021 Gartner Market Guide for Third-Party Risk Management Solutions for Compliance for the second consecutive year.
According to Gartner, “by 2023, organizational spending on TPRM technologies to support due diligence and monitoring will increase by 50%.” The report says, “For many organizations, the pandemic exposed the fragility of the organization’s third-party network and impressed the need to flex quickly to new third and fourth parties in the extended enterprise to meet demand without increasing risk exposure.”
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“LogicGate’s inclusion in this Gartner report is a testament to how our product is helping our customers run more interconnected and holistic risk and compliance programs,” said LogicGate’s chief product officer, Jon Siegler. “The variety and intensity of risk continues to become more complex. Our platform removes silos between functional teams that collaborate on third-party risk management and other GRC processes and brings a holistic picture of risk. We’re proud to receive continual recognition that reflects this.”
In addition to its Market Guide, Gartner recently named LogicGate to three different Hype Cycle reports: Cyber and IT Risk Management, 2021; Legal and Compliance Technologies, 2021; and Security Operations, 2021. In each Hype Cycle, LogicGate is noted as a Sample Vendor for integrated risk management (IRM).
The Gartner Hype Cycle Reports identify the effectiveness of emerging technologies to solve problems and pinpoint opportunities. Their vendor assessments help companies evaluate the potential value and risks of adoption within different industries. The reports also incorporate a variety of factors to demonstrate how industry trends may affect a product’s maturation.
We believe these reports underscore the need for a nimble solution, like Risk Cloud, which allows companies to develop a scaling, holistic and market-leading risk program. Risk Cloud provides an interconnected view of risk, enabling companies to unify teams, make smarter strategic decisions and transform risk into a competitive advantage.
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