McLean, VA (PRWEB) March 06, 2012
ControlCase, a leading global supplier of IT Governance, Risk and Compliance (GRC) software and “Compliance as a Service (CaaS)” solutions, is pleased to announce that Rezon8 Capital & Advisory Group has become an investor in the company. Rezon8’s founder and CEO, K. Paul Singh, is a well-known and highly-regarded global CEO, a leader in the telecommunications industry, and a successful serial entrepreneur. Mr. Singh joins the ControlCase Board of Directors, bringing a wealth of business and management experience gained from leadership roles at companies such as Primus Telecommunications and MCI. Mr. Singh was co-founder, Chairman and CEO of Primus Telecommunications (NYSE: PTGI) -- a premier global telecommunications company that he grew from zero to an annual revenue of approximately $1 Billion.
The financial investment by Rezon8 comes on the back of ControlCase's recent announcement that in the last twelve months its revenue for CaaS services in the United States grew by 150%. “Due to increased and evolving regulations, compliance is becoming a burdensome operational issue for many small- to medium-sized businesses that simply do not have the internal IT and other resources needed to fulfill all of their GRC obligations. This business need continues to fuel the growth of ControlCase as we offer the most cost effective and fully managed solutions that can be quickly deployed,” said Kishor Vaswani, CEO of ControlCase. “Rezon8 has recognized the tremendous future growth potential of our business, and we are delighted to welcome the proven expertise of Mr. Singh to our Board.”
“ControlCase is well-positioned to continue its strong growth trajectory because of its compelling value proposition, a well diversified global customer base of over 150 businesses, a strong pipeline of innovative products, and a strong management team. This is why I am delighted to have an opportunity to invest in this rapidly growing and profitable company. I have been particularly impressed with the vision and drive of the founders of ControlCase. Working together, I am confident we can take the organization up several levels,” said K. Paul Singh.
ControlCase currently services financial institutions, payment processors, merchants, application developers and service providers with managed solutions that ensure an efficient, effective and auditable compliance. By using ControlCase technology, our customers not only gain an automated solution which keeps abreast of the constantly evolving regulatory landscape but also an information security management solution that keeps their data safe and secure. ControlCase’s compliance offerings support a full complement of industry driven regulations and standards, such as PCI DSS, HIPAA, GLBA, ISO 27001/2, SOX, COBIT and ITIL. Our services include:
+ External and internal vulnerability scanning and penetration testing
+ Application security testing
+ Data discovery
+ Firewall security review
+ Security event logging and monitoring
+ User access review
+ Vendor risk management
ControlCase is a rapidly growing global provider of CaaS solutions, GRC software and professional services. Its service offerings allow businesses to effectively manage their IT Governance, Risk Management and Compliance (IT GRC) requirements. ControlCase is headquartered in the United States, with overseas offices in Europe, India and the Middle East. ControlCase provides compliance related software and services for business customers and government agencies that require a consistent and repeatable means of complying with multiple regulations. For more information, go to http://www.controlcase.com.
About K. Paul Singh
K. Paul Singh is a public company CEO and Chairman with extensive international experience and a solid track record of delivering superior performance. He currently serves as Chairman of InterCentrus Global Datacenters, Inc. and RimHub, Inc. He is a highly regarded entrepreneur who has created and led three commercially successful businesses during the past 25 years, including a Fortune 1000 company. He is a results-driven strategic thinker with expertise in building highly effective organizations and keeping them motivated to deliver superior financial results even in the toughest economic conditions.
Some of his recognitions include:
+ Named # 1 Top Performing CEO of Public Companies with annual revenue between $100 million and $999 million in the Washington area by the Washington Business Journal (October, 2010)
+ Received the prestigious Stevie Award for leading the “best business turnaround” (2003)
+ Received Ernst & Young Entrepreneur of the Year Award (2000)