(1888PressRelease)
March 27, 2006 - Annapolis, Maryland – RiskWatch, Inc. announced today that it has retained Consensusone, LLC of New York City as a growth partner. Consensusone will be increasing the RiskWatch infrastructure and handling channel development, partnership development, and international business development.
RiskWatch has expanded its customer base dramatically in 2006 with the introduction of the RiskWatch for Financial Institutions© software which allows organizations to do a self-assessment against the FFIEC (Federal Financial Institutions Examination Council) guidelines. The software also assists organizations to assess compliance with disparate requirements such as the FFIEC IT Framework, the Gramm-Leach Bliley Act (GLBA), the HIPAA Final Security Rule, the ISO 17799-2005 and 27001, NIST 800-26, SB 1386, and the PCI (Payment Card Industry) standards among others.
The increase in information technology security related regulations in a variety of markets including finance, healthcare and the pharmaceutical industry has created unprecedented growth for RiskWatch’s compliance analysis related software products and. Consensusone is helping with growth strategy as well as developing the infrastructure to handle the anticipated growth.
Consensusone has a network of partners and advisors that advise and execute the activities related to managing accelerated growth.
“RiskWatch is the leading risk analysis software developer and has been the market leader compliance-based analysis software, positioning it perfectly to take advantage of the up tick in interest in and demand for security risk analysis and compliance related tools,” explained Garrett (Denny) Denniston, the Managing Partner of Consensusone.
“It’s very exciting to see the incredible growth in our market and be able to provide a tested and rated solution to so many new customers. Having the tools to be able to expand and increase our position in these markets is a win-win for us and our customers because we’re able to offer them better products, faster updates and maintain our market leadership in this expanding space”, said Caroline Hamilton, President and Founder of RiskWatch, Inc. According to a recent study conducted by AMR Research, about $6 billion or 22 percent of all compliance spending this year will reflect efforts by companies to become compliant with the FFIEC requirements, as well as regulations related to the Sarbanes-Oxley Act. Compliance spending is likely to continue upward in 2007, reaching about $28 billion.
Sarbanes-Oxley and previous corporate scandals have refocused corporate strategies to incorporate risk management, governance, and other concerns into their daily operations.
Since 1993, RiskWatch™ is the top-rated provider of innovative security risk assessment and compliance software that automate the risk management process. RiskWatch clients include ISS, IBM, Pfizer, Abbott Labs, Constellation Energy, the U.S. Department of Defense, Orlando Regional Health Care, BlueCross BlueShield, Baptist Hospitals and many more.
For more information, contact: Caroline amiltonamilton Garrett (Denny) Denniston
RiskWatch, Inc. Consensusone, LLC
410-224-4773, x105 917-939-2825
chamilton ( @ ) riskwatch dot com ddenniston ( @ ) consensus-one dot com
www.riskwatch.com www.consensus-one.com
