LogicGate Recognized in 2021 Gartner® Market Guide for Third-Party Risk Management Solutions for Compliance

LogicGate name a Representative Vendor by Gartner for the second consecutive year

CHICAGO—December 14, 2021—LogicGate®, a leading provider of transformative risk and compliance solutions through its Risk Cloud® platform, announced today it was listed as a Representative Vendor in the November 2021 Gartner® Market Guide for Third-Party Risk Management Solutions for Compliance for the second consecutive year.

According to Gartner, “by 2023, organizational spending on TPRM technologies to support due diligence and monitoring will increase by 50%.” The report says, “For many organizations, the pandemic exposed the fragility of the organization’s third-party network and impressed the need to flex quickly to new third and fourth parties in the extended enterprise to meet demand without increasing risk exposure.”

“LogicGate’s inclusion in this Gartner report is a testament to how our product is helping our customers run more interconnected and holistic risk and compliance programs,” said LogicGate’s chief product officer, Jon Siegler. “The variety and intensity of risk continues to become more complex. Our platform removes silos between functional teams that collaborate on third-party risk management and other GRC processes and brings a holistic picture of risk. We’re proud to receive continual recognition that reflects this.”

In addition to its Market Guide, Gartner recently named LogicGate to three different Hype Cycle reports: Cyber and IT Risk Management, 2021; Legal and Compliance Technologies, 2021; and Security Operations, 2021. In each Hype Cycle, LogicGate is noted as a Sample Vendor for integrated risk management (IRM).

The Gartner Hype Cycle Reports identify the effectiveness of emerging technologies to solve problems and pinpoint opportunities. Their vendor assessments help companies evaluate the potential value and risks of adoption within different industries. The reports also incorporate a variety of factors to demonstrate how industry trends may affect a product’s maturation. 

We believe these reports underscore the need for a nimble solution, like Risk Cloud, which allows companies to develop a scaling, holistic and market-leading risk program. Risk Cloud provides an interconnected view of risk, enabling companies to unify teams, make smarter strategic decisions and transform risk into a competitive advantage. 

To download the Market Guide for Third-Party Risk Management, please visit our resource center. 

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Disclaimer: GARTNER and Hype Cycle are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. 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.

Gartner, Market Guide for Third-Party Risk Management Solutions for Compliance, 13 December 2021, Nicholas Sworek, Zack Hutto

Gartner, Hype Cycle for Security Operations, 2021, Pete Shoard, Shilpi Handa, 23 July 2021

Gartner, Hype Cycle for Cyber and IT Risk Management, 2021, Jie Zhang, Deepti Gopal, Claude Mandy, 19 July 2021

Gartner, Hype Cycle for Legal and Compliance Technologies, 2021, Zack Hutto, Chris Audet, 19 July 2021

About LogicGate

LogicGate, creator of the Risk Cloud® platform and Risk Cloud Exchange (RCX), is redefining the way businesses think about risk. Through the proactive management of governance, risk and compliance (GRC) processes via the no-code, agile Risk Cloud, hundreds of customers rely on Risk Cloud to improve organizational efficiency, reduce costs and enable revenue generation and retention. In addition to earning recognition for its technology innovation from Gartner, Forrester and G2, the global company has received accolades from Crain’s Chicago Business, Built in Chicago and the Chicago Tribune for its company culture and was recognized in Inc. 5000 2021.