PORTLAND, Ore., January 7, 2020 – NAVEX Global®, a Leader in integrated risk and compliance management solutions, has been recognized in Gartner Inc.’s report, Critical Capabilities for IT Vendor Risk Management Tools1, published on December 19, 2019 and authored by Christopher Ambrose and Joanne Spencer.
This report is related to the November 2019 report, Magic Quadrant for IT Vendor Risk Management Tools2, and is an independent document for security and risk management professionals interested exclusively in Vendor Risk Management (VRM) offerings.
According to the report, “IT vendor risk management (VRM) continues to increase in importance as sourcing, procurement, vendor management, risk and security leaders look to improve their response to increasing regulations, program efficiency and residual vendor risks.”
The report also states that, “although regulatory compliance, cybersecurity, information security, data protection and privacy are top vendor threats and risks, customers are increasingly interested in solutions that address a wide range of vendor threats and risks that can impact business operations, brand and reputation.”
NAVEX Global’s Lockpath Platform is a fully integrated suite of solutions that streamline and strengthen organizations’ vendor security, compliance and risk management processes. Lockpath allows organizations to integrate and address both strategic and IT vendor risks for a more efficient, effective and agile program.
“Understanding and managing the risks associated with third-party vendors is a growing and increasingly complex challenge for organizations of all sizes across every industry,” said Bob Conlin, NAVEX Global’s President and Chief Executive Officer. “We believe Gartner’s latest research validates our holistic, integrated approach to vendor risk management, and we are pleased to be recognized in this most recent Critical Capabilities report.”
For more information, or to obtain a copy of Gartner’s Critical Capabilities for IT Vendor Risk Management Solutions (Gartner subscription is required), visit Gartner.com.
1Gartner, Critical Capabilities for IT Vendor Risk Management Tools, Christopher Ambrose, Joanna Spencer, 19 December 2019 (report available to Gartner subscribers).
2Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Christopher Ambrose, Joanna Spencer, 25 November 2019.
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About Lockpath
Lockpath, a NAVEX Global® Company is an enterprise software company that helps organizations understand and manage their risk. The company’s line of integrated risk management solutions provides companies with the means to efficiently and effectively identify, manage, and monitor risks, for a more agile and resilient business. Lockpath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. For more information visit lockpath.com.
About NAVEX Global
NAVEX Global is a worldwide leader in integrated risk and compliance management software and services that help organizations manage risk, address complex regulatory compliance requirements and foster an ethical, highly productive workplace culture. For more information, visit navexglobal.com; Ethics & Compliance Matters™ Blog (navexglobal.com/blog), @NAVEXInc (twitter.com/NAVEXInc), and LinkedIn (linkedin.com/company/navexinc).