August 1, 2011 | Boston, MA: LogicManager, a leader in enterprise risk management (ERM) software, announced today that their ERM software solution, has been placed by Gartner, Inc. in the Magic Quadrant for eGRC platforms.
LogicManager’s placement in the magic quadrant was based on their completeness of vision and ability to execute.
A defining feature of LogicManager – focus on business performance – has emerged as a representative characteristic of today’s market. As Gartner states, this year’s market consists of “an increasingly professional customer base that wants better analytics and alignment to strategic business objectives.”
Watch a 4 minute video on linking risk to Performance Management
Similarly, the report continues, “With the proliferation of regulations and concerns over corporate governance and transparency, ERM is seen by many regulators and business leaders as a strategic approach to achieve improved corporate governance, more transparency in the decision making of the board and senior executives, and improved performance against business objectives.”
The Gartner report also notes that “ERM has emerged as the most significant use of eGRC platforms.” As an Enterprise Risk Management (ERM) software solution, we believe LogicManager’s positioning in the magic quadrant reinforces a growing trend towards Enterprise Risk Management (ERM) software in the market.
LogicManager CEO, Steven Minsky, commented, “We are very pleased to have been named to the Magic Quadrant. Since our founding in 2005, we credit our very active customers for driving the functionality of our Enterprise Risk Management software solution. LogicManager’s flexibility provides our customers the customization they need to achieve the strategic goals unique to their organization. LogicManager focuses on improving business performance by creating transparency down to the front line, aligning risks to the goals they impact, and providing a forward looking view for strategic decision making.”
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner Research “Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms” by French Caldwell, Tom Scholtz and John Haggerty, July 13, 2011.
LogicManager is the recognized leader of enterprise risk management solutions and is also the developer of the RIMS Risk Maturity Model for Enterprise Risk Management. LogicManager provides a common, intuitive software-as-a-service platform of scientifically validated enterprise risk management decision and diagnostic tools for more effective corporate governance. LogicManager connects all activities to achieving business goals, and traces how changes will affect activities throughout your organization to gain alignment while ensuring compliance with little additional effort. Visit LogicManager.com.
Caitlin Seele: firstname.lastname@example.org | (617) 530-1208
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