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Evantix 5.0 Helps Organizations Better Scale Third-Party Risk Management Programs, Improve Visibility Into Risk Assessment Lifecycle and Track Remediation Issues
Denver – November 30, 2016 – Optiv Security, a market-leading provider of end-to-end cyber security solutions, today announced the availability of Evantix 5.0, a major update of its proven Software-as-a-Service-based third-party risk management platform.
Optiv Evantix 5.0 is a fully integrated platform that helps organizations identify and manage inherent and residual risk associated with their third parties. The platform was built to allow organizations to more effectively and efficiently scale third-party risk management programs; monitor the risk assessment lifecycle of vendors, suppliers and business associates; and open and track remediation issues associated with those third parties. As a result, Evantix 5.0 helps organizations reduce costs and improve efficiencies associated with managing third-party risk.
“Enterprises rely heavily on their third parties to be successful, but managing risk associated with those external entities can be complicated and costly to businesses,” said James Christiansen, vice president of information risk management for Optiv. “Optiv’s Evantix platform expertly identifies and measures third-party risk by assessing relationship risk, business profile risk and control risk. The platform’s newest generation enables companies to shift the most time-consuming, costly and repetitive risk assessment activities back to suppliers, freeing organizations to focus on remediation, mitigation activities and other strategic initiatives.”
Optiv Evantix 5.0 was designed to help third-party risk management teams better manage their third-party portfolio across multiple companies, departments and users through consistent policies and processes. The platform’s key features include:
Optiv’s suite of third-party risk management solutions help organizations effectively plan, develop and manage third-party risk programs. Optiv’s comprehensive solutions enable organizations to operationalize their third-party risk approach no matter the maturity of their program and regardless of where the responsibility falls within the organization. These capabilities also help manage to the regulatory requirements and compliance standards relevant to the client’s industry.
About Optiv Security
Optiv is a market-leading provider of end-to-end cyber security solutions. We help clients plan, build and run successful cyber security programs that achieve business objectives through our depth and breadth of cyber security offerings, extensive capabilities and proven expertise in cyber security strategy, managed security services, incident response, risk and compliance, security consulting, training and support, integration and architecture services, and security technology. A Blackstone (NYSE: BX) portfolio company, Optiv maintains premium partnerships with more than 350 of the leading security technology manufacturers. For more information, visit www.optiv.com or follow us at www.twitter.com/optiv, www.facebook.com/optivinc and www.linkedin.com/company/optiv-inc.