Modulo Named in Gartner 2014 Magic Quadrant for Business Continuity Management Planning Software for Second Consecutive Year

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Modulo one of only four GRC vendors to be included in the Gartner 2014 Magic Quadrant for BCMP software that evaluated the offerings of eighteen enterprise-class vendors. Modulo's BCM solution is a natural extension of customers' operational risk management activities. Gartner estimates that “the BCMP market has a 2013 revenue estimate of $162 million - 24% more than our 2012 estimate.”

Modulo

Modulo

Our commitment to product R&D and offering the best value we feel are validated in our position as well as in the large number of new contract signings we have experienced over the past year.

Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced it has been recognized by Gartner, Inc. in the 2014 Magic Quadrant for Business Continuity Management Planning Software (BCMP) report. This is the second consecutive year that Modulo has been included in the BCMP report for this growing market segment. Gartner estimates that “the BCMP market has a 2013 revenue estimate of $162 million - 24% more than our 2012 estimate.”

Modulo is one of only four GRC vendors to be included in the report that evaluated the offerings of eighteen enterprise-class vendors.

Gartner analyst Roberta Witty states, “BCMP capability is being developed and successfully marketed by the GRC vendor marketplace. This expansion on the part of the GRC vendors is a natural extension of their customers' operational risk management activities.”

The report also predicts “the view that BCMP tools are used only at the time of a disaster is one that is drastically outdated and does not recognize that BCM is a strategic and business-enabling initiative within the organization.”

Business continuity management planning software is defined as the key tool used to manage the business continuity management program process from risk assessment to business impact analysis through recovery plan development, exercising and invocation.

"Our commitment to product R&D and offering the best value we feel are validated in our position as well as in the large number of new contract signings we have experienced over the past year. Many customers start with Modulo Risk Manager to solve a specific IT risk management problem – such as PCI or ISO compliance – and find it quick and easy to add the BCM capabilities into their proven GRC program and reporting. We are honored to be part of this important research from Gartner and further demonstrate the momentum that Modulo is experiencing in North America as well as worldwide,” said Stephen Gant, Managing Director of North America for Modulo.

The report evaluated Modulo Risk Manager v8.4. Modulo offers a BCM module that is built upon NFPA® 1600, ISO 27002:2013, ISO 22301:2012 and is integrated seamlessly with the core GRC platform. All the features available in the GRC platform, including out-of-the-box reports and dashboards, automation rules, surveys, and mobile apps, are available for BCM. Using the BCM module, organizations can kick off policy planning, business impact analyses, risk evaluations, BCM strategies and plans, and monitor and track incident findings − and, importantly, link incident alerts to the decision to kick off BCMS.

Added Gant, “We are committed to continuing to innovate our BCM solution, based on strategic input from our Customer Advisory Board, our GRC customer base throughout the world, and respected industry thought leaders such as Gartner.”

To learn more and download the data sheet about the Modulo Risk Manager BCM solution visit: http://modulo.com/business-continuity-management/.

About the 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 or other designation. 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 http://www.modulo.com and follow Modulo on Twitter @Modulo_Intl.

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Leslie Kesselring
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