SUNNYVALE, CA--(Marketwire - Oct 2, 2012) - Agiliance®, Inc., the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs, today announced record results for the third quarter of 2012 and first nine months of this fiscal year. The company grew its quarterly revenues 104 percent year-over-year and 100 percent sequentially. Agiliance's rapid growth continues to be fueled by a shift toward Real-Time Context™ in enterprise risk management that requires visibility and action ability for C-Suite executives and risk owners as cybercrime and cyber legislation mount inside private and public organizations.
"Cyber-attacks against U.S. commercial and government organizations grew 650% over the past 5 years according to the Government Accountability Office," said Joe Fantuzzi, president and chief executive officer of Agiliance. "In successive quarters, our business expanded 115% and 104% year-over-year and 67% and 100% sequentially as civilian and federal intelligence agencies, financial services, and higher education organizations standardized on Agiliance for continuous monitoring and security risk management. With board-level and regulatory scrutiny accelerating, our solution meets this international security threat by helping diverse business units work with IT security and operations staff to get results and drive collaboration."
Business and Financial Highlights:
- 104 percent year-over-year quarter growth from Q3 2011 to Q3 2012.
- 100 percent sequential quarter growth from Q2 2012 to Q3 2012.
- 71 percent year-over-year growth.
- Seventh million dollar license deal since releasing Agiliance RiskVision™ 4.x in 2009.
- 72 percent growth in US Federal Government business.
- 143 percent growth in Financial Services business.
- 266 percent growth in Higher Education business.
- 70 percent of customers now in production on Agiliance RiskVision 6.x.
- 217 percent growth in services backlog to be delivered by third parties and Agiliance.
- Named Always On Global 250 company.
- Named to the Silicon Valley / San Jose Business Journal Fast Private 2012 company list.
- Selected as finalist for two Computing Security Awards and two Golden Bridge Awards.
Delivering on Big Data Security Risk Management
Agiliance RiskVision was recently selected in the largest software acquisition to date for continuous security monitoring by a U.S. Federal Government Agency, following a review of custom, government off-the-shelf, and commercial off-the-shelf solutions. The agency will implement Agiliance RiskVision to collect data from 40 IT and security tools and perform real-time monitoring and remediation on one million assets using NIST SP 800-xx and NIST IR 7756 (extension of the CEASARS architecture) risk frameworks. In a phase II big data analytics implementation, the agency will integrate Agiliance's business intelligence layer with a Hadoop® discovery layer and a network risk analysis data mart.
Supporting U.S. Cyber Security Call for Collaboration
In an unprecedented act, Senator John (Jay) Rockefeller IV, chairperson of the U.S. Senate Commerce Committee, recently sent a letter to all Fortune 500 CEOs requesting their input on the nation's cyber security needs. The U.S. Senate, the White House, and the U.S. Securities and Exchange Commission (SEC) are all working towards a cyber-security bill that would require commercial organizations to share information with the U.S. Federal Government in an effort to fight cybercrime and collaborate on risk management and reporting. To help foster public and private sector collaboration on cyber security matters and promote innovation that combines the use of big data and continuous monitoring, Agiliance formed a Security Risk Management Advisory Council in August that includes Robert Bigman, retired CISO at the Central Intelligence Agency.
Agiliance is the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs. Agiliance RiskVision enables Global 2000 companies and government agencies to automate their GRC management processes; and the same platform orchestrates incident, threat, and vulnerability actions in real time. Unlike legacy offerings that take nearly a year to deploy, Agiliance customers demonstrate automation use cases within 30 days on-demand, and within 90 days on-premise, made possible by Agiliance RiskVision's configurable platform and applications, with a broad library of technology integrations, and GRC content. Agiliance RiskVision scales with businesses, effectively managing data, assets, people and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit www.agiliance.com.