Welcome!

@CloudExpo Authors: Elizabeth White, Liz McMillan, Stefano Stabellini, Harry Trott, Pat Romanski

News Feed Item

Modulo Reports Record Momentum in 2013 with 55% Increase in Revenue Growth and Broad Customer Adoption

Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced record momentum in 2013 with 55% year-over-year revenue growth, including a dramatic increase of 250% in multi-year software and services revenues fueled by large high-profile client wins. Further validating its position as the largest independent provider of technology GRC solutions, Modulo also reported over 200% growth in SaaS sales driven by adoption of its Risk Manager platform in the North America market.

Modulo is seeing increased demand for a wide variety of GRC use cases, in particular Third-Party Vendor Risk Management; Vulnerability and Cybersecurity Risk Management; PCI, NERC and ISO compliance management; Enterprise Risk Management (ERM); and Operational Risk Management. Many Modulo customers demonstrate success with one use case and expand the platform into other areas of the organization – getting risk stakeholders on the same page with a common language and dashboard, and creating repeatable business process automation and performance optimization.

Modulo continues to win customers in critical infrastructure industry sectors such as Energy, Finance, Healthcare and Manufacturing and is increasingly gaining traction in other fast-growth sectors such as Communications and Services, distinguished by new customers such as these:

  • F250 fast food company
  • F500 global tire manufacturer
  • F500 pharmaceutical and medical equipment company
  • Global managed security services provider
  • Global prepaid card and transaction provider
  • National insurance and finance company
  • National regulatory assessments and consulting group
  • National broadcast television company
  • National digital entertainment technology company
  • National creative firm
  • North American business services provider

In another major GRC win, Modulo was awarded the bid for the “Secured Brazil” consortium. This collaborative project for Brazil’s Extraordinary Secretariat of Security for Major Events (SESGE), led by Modulo in partnership with Agora Telecom, COMTEX and Unisys, will provide IT solutions, services and infrastructure to fourteen Command and Control Integrated Centers (CICC) in the twelve Brazil 2014 World Cup host cities.

Modulo Risk Manager has recently been recognized with the following awards and analyst rankings: a “2014 GRC Technology Innovation Award” and “2013 GRC Value Award” by GRC 20/20; a “2013 Innovator of the Year” and “5-Star” in Risk & Policy Management by SC Magazine; and a “Strong Performer” in The Forrester Wave™: Governance, Risk and Compliance (GRC) Platforms, Q1 2014 by Forrester Research Inc. (January 27, 2014). Modulo has also received industry recognition with a “Positive” rating in Gartner’s 2013 MarketScope for IT Governance, Risk and Compliance Management (IT GRCM) (1) and has been positioned in the “Visionaries” Quadrant of Gartner’s 2013 Magic Quadrant for Business Continuity Management Planning Software (2).

“With over 700 software clients worldwide, Modulo exceeded expectations in 2013 and is poised for a sharp trajectory in 2014 to meet the exponential demand for organizations looking to manage the risk of increasing security threats, regulatory requirements and third-party and cloud partners,” commented Stephen Gant, Managing Director of North America for Modulo.

Modulo also achieved these milestones in 2013 and Q1 2014:

  • Major New Version of Modulo Risk Manager, V9.0: Including new fully-featured dedicated modules for Enterprise Risk Management, Vendor Risk Management, and Business Continuity Management.
  • New ERM Module: Expands risk reporting to broader enterprise issues to gain better visibility into and respond more quickly to enterprise risks; including ability to create and monitor Key Risk Indicators (KRIs)
  • Beta Release of GRC Intelligence Solution: A portal for integrating real-time information from any data source – including IT security, physical security and incident management tools, vendor surveys, social and mobile analytics and more – in context of GRC management programs with the power of Business Intelligence reporting
  • Integration capabilities with 40+ products out-of-the-box
  • Comprehensive Content Library: 400+ knowledge bases (27,000+ controls) and 180 frameworks
  • Expanded Executive Customer Advisory Board: Driving GRC maturity
  • New Strategic Technology Consulting Partners: Ranging from Big 4 firms to regional and industry-specific consultants
  • Staff additions in North America, EMEA and APAC, with 100 of Modulo’s 400-person staff dedicated to software R&D

Modulo Risk Manager is recognized as the best value on the market for the new generation CSO/CIO. “We are committed to providing an integrated platform that grows with the customer as they mature their GRC program throughout the entire organization. We continue to invest heavily in the research and development – having added significantly to our development team – as well as in our international operations in the North America, EMEA and APAC markets,” added Gant.

(1)   Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor, June 7, 2013.
(2) Gartner “Magic Quadrant for Business Continuity Management Planning Software,” by Roberta J. Witty and John P. Morency, August 26, 2013.
 

About the MarketScope and Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Modulo

Modulo is a leading global enterprise provider of technology governance, risk and compliance (GRC) management solutions. Hundreds of organizations around the world leverage the award-winning Modulo Risk Manager™ as a flexible and affordable approach to manage risk, compliance, and business continuity across the enterprise and extended enterprise of third-party relationships. Customers span the financial, healthcare, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo has earned industry recognition as both a 2012 and 2013 Innovator of the Year from SC Magazine, which also gave the company's products “5-Star” review ratings for three consecutive years.

Visit www.modulo.com and follow Modulo on Twitter @Modulo_Intl.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, discussed how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He also discussed how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection. In his session at 18th Cloud Expo, Bradley Holt, a Developer Advocate with IBM Cloud Data Services, discussed...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Digital Initiatives create new ways of conducting business, which drive the need for increasingly advanced security and regulatory compliance challenges with exponentially more damaging consequences. In the BMC and Forbes Insights Survey in 2016, 97% of executives said they expect a rise in data breach attempts in the next 12 months. Sixty percent said operations and security teams have only a general understanding of each other’s requirements, resulting in a “SecOps gap” leaving organizations u...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
"SpeedyCloud's specialty lies in providing cloud services - we provide IaaS for Internet and enterprises companies," explained Hao Yu, CEO and co-founder of SpeedyCloud, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...