New York, NY, September 2, 2021 - Diligent, the global leader in SaaS governance, risk and compliance, today announces it has been named a Leader by Gartner in the 2021 Gartner® Magic QuadrantTM for IT Vendor Risk Management Tools for its IT VRM solution. This marks the fourth consecutive year Diligent has been recognized, and comes following a milestone year for the organization, after its recent acquisition of Galvanize and Steele Compliance Solutions to become the leading governance, risk and compliance (GRC) SaaS provider.
Diligent's IT VRM solution received praise for its next-generation data collection and analytics capabilities, which automatically detect unknown and known vendors by mapping against enterprise data sources. It was also recognized for its leading machine learning algorithms that can identify the potential for vendor failure before it occurs, empowering organizations to proactively understand and mitigate vendor risk.
'We're thrilled that Gartner has recognized the strength of Diligent's solution in this market through the Magic Quadrant,' said Brian Stafford, CEO of Diligent. 'With regulatory environments rapidly changing, having a holistic view of risk management across the organization is imperative. By integrating Galvanize into Diligent's modern governance platform, we're creating a comprehensive solution to meet our clients' GRC needs.'
As part of Diligent's integrated GRC platform, its IT VRM solution allows organizations to easily manage the entire vendor risk process, minimizing exposure to financial, operational, reputational, and security risk from third parties. The platform automates the entire life cycle of third-party risk management, from third-party onboarding, assessment, and remediation to performance monitoring and ongoing review. The highly configurable solution is designed to accommodate evolving business maturity and changing regulatory and risk landscapes, with capabilities ranging from advanced robotic process automation and machine learning integrations to out-of-the-box solutions for immediate implementation.
'An organization's security and reputation are only as good as its weakest link, which is why it's crucial that suppliers are held to the highest standards and monitored regularly for compliance,' said Dan Zitting, Managing Director and CEO at Galvanize, a Diligent brand. 'By automating the vendor risk management process, our IT VRM solution and broader governance platform allows you to cut down on manual processes, and identify and remediate risks early, before they cause harm to your organization. We're thrilled that Gartner has recognized the strength of our solution in this market through the Magic Quadrant.'
A full, complimentary version of the 2021 Gartner® Magic QuadrantTM for IT Vendor Risk Management Tools is available for download here.
To learn more about Diligent and its leading GRC platform, including IT vendor risk management tools, visit: diligent.com.
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About Diligent Corporation
Diligent is the leading governance, risk, and compliance (GRC) SaaS company, serving more than one million users from over 25,000 organizations around the globe. Our modern GRC platform ensures boards, executives and other leaders have a holistic, integrated view of audit, risk, information security, ethics, and compliance across the organization. Diligent brings technology, insights, and confidence to leaders so they can build more effective, equitable and successful organizations.