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. Openpages grc platform is an innovative solution in handling large industry. Ibm, oracle, sap make gartner grc magic quadrant leaders, but. Jul 24, 2019 some of the most popular grc solutions on the market include ibm openpages grc platform, rsams enterprise grc, and metricstream. A comprehensive report on a specific software product, aggregating feedback from real it. Openpages competes with archer technologies, which was acquired by emc corp. Enterprise governance, risk and compliance market size. The grc market is made up of more than 20 software vendors, some specializing in niche areas. Ibm openpages with watson is a market leading aidriven. Discover 2020s best governance, risk and compliance grc software. Other major and competing products in this category include. 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. Grc enterprise application solutions consist of numerous activities that are required to. Ibm bought openpages in 2010 as an egrc solution, which it.
Marketleading corporations select openpages because of its domain. Ibm openpages with watson demo ibm openpages grc platform. Openpages is a governance, risk management, and compliance grc software package now. How to evaluate, select and implement enterprise grc software. Enterprise governance, risk and compliance market 2020. For grc and risk management software, you can try starcompliance, capterra, or powerdms. Openpages is a governance, risk management, and compliance grc software package now owned by ibm in 1996, amherst, massachusettsbased american computer innovators aci, a company founded may 1990 began developing an electronic publishing system for news publishers and other media companies. Weve been working in partnership with ibm, says gordon burnes, vicepresident, sales and marketing at openpages. What is governance, risk management, and compliance grc. 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. After all, our controlpanelgrc solution is one the leading grc solutions on the market today. 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. Ibm, oracle, sap make gartner grc magic quadrant leaders. The governance, risk, and compliance grc software market is a competitive market within research n reports broader software taxonomy 2017.
Ibm openpages is most often used by companies with 0 employees and m dollars in revenue. The major companies have been using various strategies such as new product development, acquisition, and collaboration to strengthen their market share. Ibm acquires operational risk software vendor openpages. Built by industry experts who wanted a better way to work, highbond streamlines. Sep 15, 2010 the grc market is made up of more than 20 software vendors, some specializing in niche areas. Openpages grc platform is an innovative solution in handling large industry workload. This platform provides core services and functional components that span operational risk, policy and compliance, financial controls management, it governance, and.
There are a variety of grc software offerings on the market for organizations to consider. Ibm openpages grc platform, metricstream and rsams enterprise grc are a few examples of highly rated solutions. 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. 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. Victory in the grc product category confirms its status as an industry leader in an increasingly crucial.
Ibm openpages, a governance, risk and compliance grc software. Poe are provided as separate transaction documents. Enterprise governance, risk and compliance market 20202024. 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.
Openpages is already a competitive industry grc platform and watson sets it apart, said one judge. Openpages also offers a cognitivedriven governance, risk management and compliance grc portfolio with watson. Our data for ibm openpages usage goes back as far as 4 years and 6 months. In the enterprise grc category, ibm openpages has a market share of about 1. Openpages secures solid exit with sale to ibm nyse. 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. Enterprise governance, risk and compliance market growth. 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. Ibm grc solutions, which are predictive, adaptive, and integrated, enable organizations to meet risk and regulatory compliance challenges. Ibm openpages with watson on cloud offers organizations a software as a. The platform includes modules in financial controls management. Ibm openpages with watson on cloud overview united states.
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. Software for soa environments that enables dynamic, interconnected business processes, and delivers highly effective application infrastructures for all business. 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. Enhancements, bug fixes, and known issues bug fixes. Top 6 vendors in it governance, risk and compliance it grc. Enterprise governance, risk and compliance platforms erm. 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 used to add security to its business analytics applications. Ibm openpages with watson redefines governance risk and compliance with ai and advanced analytics. Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management. Ibm to acquire openpages for grc, operational risk management. We help clients with grc advisory and design, tool evaluation and selection, and implementation and optimization services. 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.
Get to know a few of the available product options. The firm survived the dotcom bust, but only after trimming its headcount from more than 300 down to 15. Want daily updates on rsa archer and ibm openpages. Our ibm p026 exam guide materials have the most comprehensive content on the market. The companies using ibm openpages are most often found in united states and in the computer software industry.
Here are the top 6 vendors to watch out for in itgrc market. 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. Openpages openpages is the leading provider of enterprise grc management solutions that optimize business performance. 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. Ibm openpages with watson is a marketleading aidriven governance, risk. The enterprise governance, risk, and compliance market is relatively a high competition market and is moderately concentrated. Openpages was recognized as a leading software company in the enterprise operational risk management compliance, and governance solutions report by independent. Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management solution, openpages grc, and fraud analytics. Though all are good software providers and ensure good gui and have enough experience in this field. Ibm openpages grc platform is a suite of applications that supports enterprise risk management activities.
As its name implies, openpages was originally a content management vendor. Rsa archer vs ibm openpages competitor report datanyze. Which companies are the main competitors in the grc. We have found 192 companies that use ibm openpages. The software was eventually marketed as an enterprise content management system. Sidebyside comparison of rsa archer and ibm openpages. To help organizations meet their most challenging risk and compliance requirements, ibm delivers markets only cognitivedriven grc portfolio ibm openpages with watson. See how many websites are using rsa archer vs ibm openpages and view adoption trends over time. 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. Specifically, it offers a comprehensive risk management system unmatched by other grc platforms.
Ibm openpages grc platform is an integrated governance, risk and compliance platform that enables companies to manage risk and regulatory challenges across the enterprise. 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. Some of the most popular grc solutions on the market include ibm openpages grc platform, rsams enterprise grc, and metricstream. Enterprise grc leader openpages reports global growth and. Enterprise governance, risk and compliance market global. Grc platform that reduces the cost of maintaining multiple solutions while also. Read verified openpages grc platform integrated risk management irm. 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. Itgrc solutions allow organizations to effectively manage it and security risks while reducing the.