Latest news with #andComplianceSoftware2025VendorAssessment
Cision Canada
a day ago
- Business
- Cision Canada
AuditBoard Named a Leader in IDC MarketScape for Worldwide Governance, Risk, and Compliance Software
LOS ANGELES, /CNW/ -- AuditBoard, the leading AI-powered global platform for connected risk transforming audit, risk, and compliance, today announced it has been recognized as a Leader in the IDC MarketScape Worldwide Governance, Risk, and Compliance Software 2025 Vendor Assessment (doc # US53615325, June 2025). We believe this recognition highlights the tangible business value AuditBoard customers realize by leveraging the company's AI-powered connected risk platform to manage risk across their organizations. "We are honored to be named a Leader in the 2025 IDC MarketScape for GRC Software," said Happy Wang, Chief Technology Officer at AuditBoard. "We are continuously seeking customer feedback to inform our product roadmap to better empower our customers to inform risk decision-making, enhance resiliency, and enable revenue growth for their organizations." According to the report, "Specific strengths include streamlined and automated risk management programs across the entire risk life cycle, the leveraging of AI-equipped workflows for effective risk management, and automated and agile exception management workflows." "AuditBoard has been consistently addressing market needs by extending its platform beyond its traditional audit management capabilities," said Philip D. Harris, CISSP, CCSK, Research Director, Governance, Risk and Compliance Services, IDC. "The company's staff expertise comes directly from the industry practitioner pool of audit and cybersecurity professionals and subject matter experts, allowing the company to stand apart from other competitors. Additionally, the AuditBoard platform brings simplicity to GRC management across the enterprise, enabling customers to begin gaining immediate value from the platform once it is deployed." AuditBoard has consistently been recognized for its industry-leading platform and rapid growth, and recently extended its international presence to Germany. The company now serves over 50% of the Fortune 500, was named to the Deloitte Fast 500 list for the sixth consecutive year, and was acquired in mid-2024 by London-based Hg for over $3B in one of 2024's biggest VC-backed PE transactions. In addition to also being recognized as a Major Player in both the IDC MarketScape: Worldwide Sustainability Management Platforms 2025 Vendor Assessment (doc # US52995125, May 2025) and the IDC MarketScape: Worldwide ESG Reporting and Compliance Management Applications 2025 Vendor Assessment (doc # US52995025, May 2025), AuditBoard's connected risk platform was named a G2's Best Software Products for two consecutive years, received a Cybersecurity Breakthrough Award as the Overall Best Risk Management Solution in 2024, and was named the top Platform as a Service by the 2024 Stratus Awards. To learn more about AuditBoard's connected risk platform, read the excerpt here. About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. About AuditBoard AuditBoard's mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the sixth year in a row as one of the fastest-growing technology companies in North America by Deloitte.
Yahoo
3 days ago
- Business
- Yahoo
Vanta Named a Leader in 2025 IDC MarketScape for Worldwide Governance, Risk, and Compliance Software
SAN FRANCISCO, July 09, 2025--(BUSINESS WIRE)--Vanta, the leading AI-powered trust management platform, today announced it has been named a Leader in the IDC MarketScape: Worldwide Governance, Risk, and Compliance Software 2025 Vendor Assessment (doc # US53615325, June 2025). According to the IDC MarketScape, "Vanta's comprehensive solutions enable businesses to manage their security and compliance needs efficiently, fostering trust and transparency across their operations. The company's commitment to automating and simplifying security and compliance has made it a trusted partner for organizations worldwide." Vanta's Trust Management Platform automates and continuously monitors all aspects of a company's GRC program, including compliance, internal risk, third-party risk and customer trust. Vanta enables security teams to centralize workflows, reduce manual effort and deliver measurable business impact. An IDC White Paper, sponsored by Vanta, found that Vanta helped customers achieve a 526% return on investment over three years, with an average payback period of around three months.*1 "Vanta's platform is purpose-built to reduce the manual burden on compliance and security teams through automation and intelligent workflows," said Phil Harris, Research Director, Governance, Risk and Compliance at IDC. "Their rapid customer payback period and continued expansion into enterprise-ready offerings position them as a compelling choice for organizations looking to elevate their trust programs." Vanta also delivers measurable impact in its AI-powered security and compliance offerings. Since launching Vanta AI in 2023, the company has expanded its capabilities to help teams work more efficiently and reduce risk. In June 2025, Vanta introduced the Vanta AI Agent to autonomously handle some of the most time-consuming and error-prone GRC workflows, including policy management and evidence evaluation for audit preparation. Earlier this year, Vanta released its AI Security Assessment to guide customers on the responsible use of AI and became one of the first companies to achieve ISO 42001 certification, reinforcing its commitment to building trust in AI systems. By automating over 35 frameworks in addition to trust center management, questionnaire automation and vendor risk management, Vanta is helping businesses meet complex compliance requirements while improving efficiency, reducing operational overhead and strengthening collaboration across teams and stakeholders. The IDC MarketScape noted, "The Vanta platform has numerous strengths, but primarily, the Vanta platform offers immediate time to value and reduced need to continuously add staff to the GRC program." The IDC White Paper also found that with Vanta, customers experience 129% more productive compliance teams, with 142% more framework and attestation-related audits prepared per year.*2 IDC's MarketScape recognition of Vanta is the latest honor for the company, which includes the Forbes Cloud 100 and Fast Company's Most Innovative Company lists, highlighting its critical focus on compliance in the age of AI. Vanta was also named to Inc. Magazine's Best Workplaces for 2025 and featured on Forbes' 2025 list of Best Startup Employers—underscoring its continued impact across innovation, growth and culture. To read the full IDC MarketScape excerpt and learn more about Vanta's trust management platform, visit About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors. About Vanta Vanta is the leading trust management platform that helps simplify and centralize security for organizations of all sizes. Over 11,000 companies including Atlassian, Duolingo, Icelandair, Ramp and Synthesia rely on Vanta to build, maintain and demonstrate their trust—all in a way that's real-time and transparent. Founded in 2018, Vanta has customers in 58 countries with offices in Dublin, London, New York, San Francisco and Sydney. For more information, visit ____________________ 1DC White Paper, The Business Value of Vanta (doc #US52656824), January 2025. Sponsored by Vanta.2DC White Paper, The Business Value of Vanta (doc #US52656824), January 2025. Sponsored by Vanta. View source version on Contacts Press Contact press@ Sign in to access your portfolio
Techday NZ
5 days ago
- Business
- Techday NZ
Diligent named leader in IDC MarketScape for GRC software 2025
Diligent has been named a Leader in the IDC MarketScape Worldwide Governance, Risk, and Compliance Software 2025 Vendor Assessment. The recognition places Diligent at the forefront of global governance, risk and compliance (GRC) software providers, following a period of product launches and acquisitions focused on enhanced AI-powered GRC capabilities. Report findings The IDC MarketScape's assessment, one of the sector's most detailed analyses, evaluates software vendors based on both qualitative and quantitative criteria over a projected three-to-five-year timeframe. Diligent was reviewed on the strength of its strategic vision and the capabilities of its products. In the report, IDC MarketScape notes: "The Diligent One Platform is a true single platform of AI-powered cross-organisational GRC capabilities that are modular, enabling customers to be met where they are in their GRC maturity journey." The report continues by highlighting that Diligent's solutions are "the gold standard in board reporting" and that its roadmap "promises unique and value-added outcomes so organisations can truly manage risk and compliance bottom up." Platform and approach Diligent's suite of GRC offerings includes new products such as GovernAI and AI Risk Essentials, as well as the acquisition of Vault Platform, an AI-powered ethics and compliance solution. These moves are cited as reinforcing the company's focus on delivering GRC solutions leveraging artificial intelligence. Brian Stafford, President and Chief Executive Officer of Diligent, commented on the announcement. "Being named a Leader in the IDC MarketScape for GRC Software is not only a testament to our AI-powered platform but also a reflection of our unwavering commitment to our clients across the globe. We are grateful to the over 25,000 clients who trust Diligent for AI-powered governance solutions every day. As the global leader in GRC innovation for 20+ years, we're dedicated to providing best-in-class GRC solutions that drive operational excellence and mitigate risk." Phil Harris, Research Director, Governance Risk & Compliance Services at IDC, also addressed the reasoning behind Diligent's Leader placement. "Diligent has been positioned as a Leader in the evaluation of the Worldwide Governance, Risk and Compliance Software providers for its strategic, comprehensive and robust AI platform. The Diligent One Platform can power company-wide GRC capabilities for organisations of every size and maturity level." Industry context Diligent's recognition from IDC MarketScape adds to other industry endorsements, including those from Chartis and Forrester, as well as positive feedback on review sites such as G2 and Trust Radius. The IDC MarketScape assessment model provides an overview of the competitive positioning of technology suppliers in distinct markets, rating participants based on both product and service offerings, and the strategies underpinning their medium- to long-term success. Diligent reports serving more than 1 million users and 700,000 board members globally, providing technology to support risk management, governance processes and decision-making. Follow us on: Share on:
