Welcome!

Mobile IoT Authors: Kevin Benedict, Peter Silva, David H Deans, Rich DeFabritus, Liz McMillan

News Feed Item

Modulo Reports Record Momentum in 2013 with 55% Increase in Revenue Growth and Broad Customer Adoption

Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced record momentum in 2013 with 55% year-over-year revenue growth, including a dramatic increase of 250% in multi-year software and services revenues fueled by large high-profile client wins. Further validating its position as the largest independent provider of technology GRC solutions, Modulo also reported over 200% growth in SaaS sales driven by adoption of its Risk Manager platform in the North America market.

Modulo is seeing increased demand for a wide variety of GRC use cases, in particular Third-Party Vendor Risk Management; Vulnerability and Cybersecurity Risk Management; PCI, NERC and ISO compliance management; Enterprise Risk Management (ERM); and Operational Risk Management. Many Modulo customers demonstrate success with one use case and expand the platform into other areas of the organization – getting risk stakeholders on the same page with a common language and dashboard, and creating repeatable business process automation and performance optimization.

Modulo continues to win customers in critical infrastructure industry sectors such as Energy, Finance, Healthcare and Manufacturing and is increasingly gaining traction in other fast-growth sectors such as Communications and Services, distinguished by new customers such as these:

  • F250 fast food company
  • F500 global tire manufacturer
  • F500 pharmaceutical and medical equipment company
  • Global managed security services provider
  • Global prepaid card and transaction provider
  • National insurance and finance company
  • National regulatory assessments and consulting group
  • National broadcast television company
  • National digital entertainment technology company
  • National creative firm
  • North American business services provider

In another major GRC win, Modulo was awarded the bid for the “Secured Brazil” consortium. This collaborative project for Brazil’s Extraordinary Secretariat of Security for Major Events (SESGE), led by Modulo in partnership with Agora Telecom, COMTEX and Unisys, will provide IT solutions, services and infrastructure to fourteen Command and Control Integrated Centers (CICC) in the twelve Brazil 2014 World Cup host cities.

Modulo Risk Manager has recently been recognized with the following awards and analyst rankings: a “2014 GRC Technology Innovation Award” and “2013 GRC Value Award” by GRC 20/20; a “2013 Innovator of the Year” and “5-Star” in Risk & Policy Management by SC Magazine; and a “Strong Performer” in The Forrester Wave™: Governance, Risk and Compliance (GRC) Platforms, Q1 2014 by Forrester Research Inc. (January 27, 2014). Modulo has also received industry recognition with a “Positive” rating in Gartner’s 2013 MarketScope for IT Governance, Risk and Compliance Management (IT GRCM) (1) and has been positioned in the “Visionaries” Quadrant of Gartner’s 2013 Magic Quadrant for Business Continuity Management Planning Software (2).

“With over 700 software clients worldwide, Modulo exceeded expectations in 2013 and is poised for a sharp trajectory in 2014 to meet the exponential demand for organizations looking to manage the risk of increasing security threats, regulatory requirements and third-party and cloud partners,” commented Stephen Gant, Managing Director of North America for Modulo.

Modulo also achieved these milestones in 2013 and Q1 2014:

  • Major New Version of Modulo Risk Manager, V9.0: Including new fully-featured dedicated modules for Enterprise Risk Management, Vendor Risk Management, and Business Continuity Management.
  • New ERM Module: Expands risk reporting to broader enterprise issues to gain better visibility into and respond more quickly to enterprise risks; including ability to create and monitor Key Risk Indicators (KRIs)
  • Beta Release of GRC Intelligence Solution: A portal for integrating real-time information from any data source – including IT security, physical security and incident management tools, vendor surveys, social and mobile analytics and more – in context of GRC management programs with the power of Business Intelligence reporting
  • Integration capabilities with 40+ products out-of-the-box
  • Comprehensive Content Library: 400+ knowledge bases (27,000+ controls) and 180 frameworks
  • Expanded Executive Customer Advisory Board: Driving GRC maturity
  • New Strategic Technology Consulting Partners: Ranging from Big 4 firms to regional and industry-specific consultants
  • Staff additions in North America, EMEA and APAC, with 100 of Modulo’s 400-person staff dedicated to software R&D

Modulo Risk Manager is recognized as the best value on the market for the new generation CSO/CIO. “We are committed to providing an integrated platform that grows with the customer as they mature their GRC program throughout the entire organization. We continue to invest heavily in the research and development – having added significantly to our development team – as well as in our international operations in the North America, EMEA and APAC markets,” added Gant.

(1)   Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor, June 7, 2013.
(2) Gartner “Magic Quadrant for Business Continuity Management Planning Software,” by Roberta J. Witty and John P. Morency, August 26, 2013.
 

About the MarketScope and 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. 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 www.modulo.com and follow Modulo on Twitter @Modulo_Intl.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...