The companies using ibm openpages are most often found in united states and in the computer software industry. Ibm openpages grc platform, metricstream and rsams enterprise grc are a few examples of highly rated solutions. Ibm openpages with watson demo ibm openpages grc platform. Ibm openpages with watson redefines governance risk and compliance with ai and advanced analytics.
We help clients with grc advisory and design, tool evaluation and selection, and implementation and optimization services. Poe are provided as separate transaction documents. Enterprise governance, risk and compliance market global. Ibm grc solutions, which are predictive, adaptive, and integrated, enable organizations to meet risk and regulatory compliance challenges. Which companies are the main competitors in the grc. Weve been working in partnership with ibm, says gordon burnes, vicepresident, sales and marketing at openpages. Enterprise governance, risk and compliance market 20202024. Openpages was recognized as a leading software company in the enterprise operational risk management compliance, and governance solutions report by independent. In the enterprise grc category, ibm openpages has a market share of about 1. Ibm openpages with watson is a marketleading aidriven governance, risk. Ibm openpages grc platform is a suite of applications that supports enterprise risk management activities. Sidebyside comparison of rsa archer and ibm openpages. As its name implies, openpages was originally a content management vendor.
Ibm openpages with watson on cloud overview united states. The major companies have been using various strategies such as new product development, acquisition, and collaboration to strengthen their market share. Openpages grc platform is an innovative solution in handling large industry. Ibm openpages with watson is a market leading aidriven. Want daily updates on rsa archer and ibm openpages. Ibm bought openpages in 2010 as an egrc solution, which it used to add security to its business analytics applications. The firm survived the dotcom bust, but only after trimming its headcount from more than 300 down to 15. To help organizations meet their most challenging risk and compliance requirements, ibm delivers markets only cognitivedriven grc portfolio ibm openpages with watson. Other major and competing products in this category include. We have found 192 companies that use ibm openpages. Specifically, it offers a comprehensive risk management system unmatched by other grc platforms. Our vast experience with developing risk and compliance tools as well as implementing many grc software solutions provides a unique set of choices and services to our clients. Get to know a few of the available product options.
Sep 17, 2010 openpages, which sells software for the governance, risk and compliance grc market, has virtually nothing in common with the company that started out in 1996. These are among some of the more expensive options on the market though affordable and free solutions are available for startups and smaller businesses that lack the budget to invest in more expensive options. Our ibm p026 exam guide materials have the most comprehensive content on the market. Ibm openpages grc on cloud is a service that provides clients with a toolset designed to help identify, manage, monitor, and report on risk and compliance initiatives, enterprisewide.
Sep 15, 2010 the grc market is made up of more than 20 software vendors, some specializing in niche areas. Openpages also offers a cognitivedriven governance, risk management and compliance grc portfolio with watson. Itqlick chart 2020 best governance, risk and compliance grc software finding the right business software for your business proper business software selections are the precursor to successful deployment and business growth. What is governance, risk management, and compliance grc. Ibm openpages with watson on cloud offers organizations a software as a. We use the best scanning techniques combined with advanced data science to monitor the market share of over 5,000 technology products, including enterprise grc. Our data for ibm openpages usage goes back as far as 4 years and 6 months. Cloud service ibm openpages grc on cloud is a service that provides clients with a toolset designed to help identify, manage, monitor, and report on risk and compliance initiatives, enterprisewide. Ibm bought openpages in 2010 as an egrc solution, which it. Enterprise grc leader openpages reports global growth and. Its been a year of growth and development, of successes for the company and a broader industry understanding of why grc solutions are so important for. The enterprise governance, risk, and compliance market is relatively a high competition market and is moderately concentrated. Openpages was also cited as a leading provider of operational risk management orm software in the chartis operational risk management systems 2009 market analysis report.
How to evaluate, select and implement enterprise grc software. Ibm, oracle, sap make gartner grc magic quadrant leaders, but. The deal made for an undisclosed amount follows a period of partnership between the two firms, focused on openpages governance risk and compliance grc software. Read verified openpages grc platform integrated risk management irm. Some of the most popular grc solutions on the market include ibm openpages grc platform, rsams enterprise grc, and metricstream. Grc software is a set of tools designed to integrate compliance into everyday business processes like user provisioning, role management, emergency access management, and periodic risk assessment. With increasing expectations for more effective enterprisewide risk management, the demand for software platforms related to enterprise governance, risk and compliance grc is on the rise. This platform provides core services and functional components that span operational risk, policy and compliance, financial controls management, it governance, and. Openpages secures solid exit with sale to ibm nyse. As technology moves forward, the software also adapts by machine learning tethered with efficient volume handling and complex regulation. Ibm openpages grc platform is an integrated governance, risk and compliance platform that enables companies to manage risk and regulatory challenges across the enterprise. Openpages grc platform is an innovative solution in handling large industry workload.
Victory in the grc product category confirms its status as an industry leader in an increasingly crucial. Enhancements, bug fixes, and known issues bug fixes. Built by industry experts who wanted a better way to work, highbond streamlines. Itgrc solutions allow organizations to effectively manage it and security risks while reducing the. Openpages empowers the worlds largest companies by unifying governance, risk and compliance grc activities across the enterprise and by incorporating risk management into their everyday business processes. Marketleading corporations select openpages because of its domain.
Jul 24, 2019 some of the most popular grc solutions on the market include ibm openpages grc platform, rsams enterprise grc, and metricstream. Software for soa environments that enables dynamic, interconnected business processes, and delivers highly effective application infrastructures for all business. At the moment, the grc market is going through a bit of a renaissance, said idc analyst angela gelnaw, one of the authors of the report. Enterprise governance, risk and compliance platforms erm. Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management. There are a variety of grc software offerings on the market for organizations to consider.
A comprehensive report on a specific software product, aggregating feedback from real it. Openpages is a governance, risk management, and compliance grc software package now. Ibm openpages grc technical sales mastery test v1 is very simple, and whats more, the software is just like the exam simulation system, you can adapt to the exam system in advance. Openpages competes with archer technologies, which was acquired by emc corp. Openpages openpages is the leading provider of enterprise grc management solutions that optimize business performance. Ibm openpages is most often used by companies with 0 employees and m dollars in revenue.
The governance, risk, and compliance grc software market is a competitive market within research n reports broader software taxonomy 2017. Rsa archer vs ibm openpages competitor report datanyze. Enterprise governance, risk and compliance market 2020. For grc and risk management software, you can try starcompliance, capterra, or powerdms. Openpages has changed significantly in the seven years since ibm acquired the unit, which originally grew out of electronic publishing software developed by american computer innovators, a massachusettsbased technology firm, in the 1990s.
Top 6 vendors in it governance, risk and compliance it grc. Ibm acquires operational risk software vendor openpages. After all, our controlpanelgrc solution is one the leading grc solutions on the market today. Grc platform that reduces the cost of maintaining multiple solutions while also. The grc market is made up of more than 20 software vendors, some specializing in niche areas. Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management solution, openpages grc, and fraud analytics. Openpages, which sells software for the governance, risk and compliance grc market, has virtually nothing in common with the company that started out in 1996. Enterprise governance, risk and compliance market size. Ibm openpages grc platform is an integrated governance, risk and compliance platform that enables companies to manage risk and regulatory.
Theres kind of an uptick in the nextgeneration grc platform technology, she said. The platform includes modules in financial controls management. Discover 2020s best governance, risk and compliance grc software. Though all are good software providers and ensure good gui and have enough experience in this field. Ibm openpages, a governance, risk and compliance grc software. Openpages is already a competitive industry grc platform and watson sets it apart, said one judge.