Riskonnect, a leading provider of cloud-based Integrated Risk Management technology solutions, today announced a record start to the year, driven by new customers, deeper relationships with existing customers and accelerated realization of its vision for Integrated Risk Management.
Building the Foundation of the Resilient Enterprise
Riskonnect’s global growth was spurred by the addition of more than 10 new clients and over 2,500 new users. More than 110 organizations spanning the U.S., Europe and Asia began or increased their reliance on Riskonnect as the foundation for their Integrated Risk Management efforts. These include leading companies across banking, construction, education, energy, manufacturing, non-profit, telecommunication transportation and healthcare industries. Riskonnect clients now include more than 70 Fortune 1000 companies that are adopting Integrated Risk Management, 48 of which are in the Top 500.
These results highlight the key trend of organizations recognizing the need to adopt a comprehensive, holistic approach to risk management, beyond the traditional divisions of governance, risk and compliance (GRC)/enterprise risk management (ERM) and insurable risk management. With a single, fully-integrated platform, Riskonnect is the only vendor that can natively bridge this gap.
“Our success during the first quarter of 2018 is a direct result of the market’s appreciation of our continued investment in customer success. We are very excited and thankful for the new and existing clients that have chosen to partner with us in their journey toward Integrated Risk Management,” said Jim Wetekamp, Riskonnect CEO.
Investing in Integrated Risk Management
Riskonnect’s success in defining the Integrated Risk Management space was highlighted through the recent recognition as a Leader in The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2018.
The acquisition of cloud-based Governance Risk and Compliance (GRC) solution vendor Aruvio in late 2017 and significant new investments in R&D, such as the upcoming New Riskonnect User Experience, powered by the Force.com Lightning Platform, will further accelerate growth in 2018 and beyond. Aruvio’s implementation-ready suite of solutions provided the intellectual property, experience and capability to power Riskonnect’s rapid product expansion in the areas of ERM, GRC, Vendor Risk Management (VRM), audit management and more.
Positioning Customers for Success
Other notable customer-driven milestones and investments during the quarter include:
- Introduced industry veteran Jim Wetekamp as CEO. Wetekamp has more than 20 years of product and leadership experience, most recently serving as CEO of BravoSolution, a Chicago-based cloud procurement solutions company.
- Introduced key customer investments, such as Client Communities, which have streamlined and simplified the process for clients to interact and share important information with their Riskonnect client services team to result in an overall improved client service experience.
- Recognized by analysts in multiple reports such as Gartner’s Competitive Landscape report on Integrated Risk Management and in Forrester Research’s in-depth evaluation of the Risk and Compliance Market via the Forrester Tech Tide™: Risk And Compliance Management, Q2 2018. These placements were possible due in part to the positive experiences shared by our clients.
- Debuted the New Riskonnect User Experience during RIMS 2018 to great interest and positive feedback from attendees on the modernized, more intuitive interface designed to significantly increase user productivity.