Agiliance Updates on 2012 [Professional Services Close - Up]

(Professional Services Close - Up Via Acquire Media NewsEdge) Agiliance, Inc., an independent provider of Integrated Risk Management (IRM) solutions for Governance, Risk, and Compliance (GRC) programs, announced record business results for 2012 including spikes in year-over-year revenue and multi-million dollar contracts.

According to a release, the company also signed charter Managed Security Service Providers (MSSPs) customers for its Managed Risk- as-a-Service (M-RaaS) offering.

The rising tide of insider and advanced persistent threats, mounting regulatory pressure, and the impact of big security data on an organization's operational efficiency require performing continuous (security) monitoring and frequent data assessments. However, achieving this using otherwise disconnected, best-of-breed tools is manually impossible. Agiliance RiskVision addresses this challenge with a scalable solution that aggregates critical information about risk and compliance posture with current, new, and emerging threats; and calculates impact on business operations to action remediation and ongoing risk measurement. The state of risk is delivered in real-time with an early warning, prevention, and remediation service.

Agiliance achieved the following record business results in 2012: -64 percent year-over-year revenue growth.

-75 percent year-over-year growth in multi-million dollar wins at U.S. federal and financial services organizations, includinga continuous monitoring contract covering one million assets for the U.S. Veterans Administration.

-73 percent year-over-year growth in the financial services sector with new and upsell wins at organizations in the financial technology and global banking segments.

-320 percent year-over-year growth in the education sector, including wins at University of Maryland University College, George Washington University, and many others.

-42 percent year-over-year growth in the Agiliance RiskVision connector portfolio, which allows organizations to leverage their investment in best-of-breed technology.

-70 percent of the company's license business was generated by an expanding number of channel partners, including MSSPs, OEMs, resellers, and system integrators.

-4th U.S. patent granted for Virtual Asset Groups in a Compliance Management System, illustrating the company's continuing innovation in security technology for private and public clouds.

-16 percent operating profit against net revenue.

-85 percent of customers are now in production on Agiliance RiskVision 6.x.

"Agiliance is pleased to report that we achieved several business performance and industry milestones during 2012," said Joe Fantuzzi, president and chief executive officer of Agiliance. "We continued to re-shape the security industry last year by automating risk management on an enterprise scale. With advancements to our Managed Risk-as-a-Service platform, we solidified Agiliance's position as a pioneer of big data risk management that can be delivered to very large and small-to-medium sized organizations via our trusted solution provider partners." Agiliance achieved record business recognition and industry accolades including the 2012 GOVTek Award for Best Transparency Solution, the 2012 SC Magazine Excellence Award, the 2012 Info Security Product Guide's Global Excellence Award, a 5-Star Rating in the 2012 SC Magazine Risk and Policy Management Group Test, AlwaysOn Global 250 Award, two Golden Bridge Awards, the Silicon Valley / San Jose Business Journal Fast Private 2012 Award, and the Government Security News 2012 Homeland Security Award.

Company Information: http://www.agiliance.com ((Comments on this story may be sent to newsdesk@closeupmedia.com)) (c) 2013 ProQuest Information and Learning Company; All Rights Reserved.

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