Business Services Industry
RSA Insurance Ireland Moves to Real-Time Compliance Through the Deployment of Agiliance IT-GRC Solution
Business Wire, April 29, 2008
European Momentum for Agiliance Grows as Leading Irish Insurer Signs Up
SAN JOSE, Calif. -- Agiliance, the leading provider of IT Governance, Risk and Compliance (IT-GRC) solutions, today announced that RSA Insurance Ireland has chosen to implement Agiliance IT-GRC 3.0 to automate the IT processes associated with multiple compliance initiatives such as ISO 27001 and PCI.
RSA Insurance Ireland will leverage Agiliance's flexible architecture and strong automation capabilities to reduce the cost and complexity associated with maintaining a variety of IT compliance initiatives. The organisation will now benefit from greater transparency and as a consequence more credibility. The solution itself will monitor up to 1,000 "assets," primarily PCs, applications, servers, network devices and processes.
The existing information security framework at RSA Insurance is based on ISO 27001. As has been found in many companies, following the ISO 27001 guidelines can be taxing without an automated infrastructure that manages compliance and security policies across all IT assets. Agiliance IT-GRC 3.0 has been specifically designed to enforce the policies and controls associated with ISO 27001 and significantly lessen the cost of compliance.
Shane Fuller, Information Security & Compliance Manager at RSA Insurance Ireland, said: "For us the main business driver was to increase compliance efficiency and transparency. Previously, we had to extract and collate large amounts of data manually which is both very time intensive and error prone. After evaluating several solutions and getting feedback from Gartner, we chose Agiliance as we were impressed with the flexibility of their offering. It is essential that any solution we deploy is cost effective and able to be fully integrated into our existing environment. Offerings from many of Agiliance's competitors would require us to tailor their solution to our specific requirement. In addition, the Agiliance IT-GRC 3.0 solution seems mature beyond its years given that IT-GRC is a relatively new market."
Automation of the operational elements of IT compliance will result in a number of immediate benefits for RSA Insurance Ireland:
* More efficient and effective compliance measurement;
* Increased IT risk transparency and awareness;
* More accurate and intelligent IT risk decision making; and
* Streamlined compliance reporting and audit reviews
"We view RSA Insurance Ireland's decision to work with us as is a huge validation of our value proposition," said Patrick J. Conte, CEO, Agiliance. "Agiliance IT-GRC was designed to help companies manage complexity without sacrificing agility, and we are delighted they will be leveraging our solution to translate superior compliance management into a competitive advantage."
About RSA Insurance
RSA Insurance is one of the world's leading multinational quoted insurance groups, with the capacity to write business in over 130 countries and with major operations in the UK, Scandinavia, Canada, Ireland, the Middle East and Latin America. Focusing on general insurance, it has around 21,000 employees and, in 2006, its net written premiums were PS5.5bn. With an almost 300 year heritage RSA Insurance is the oldest insurance company in the world still trading under its original name.
About Agiliance
Agiliance offers the most comprehensive and scalable solution for managing the interdependent disciplines of IT governance, risk, and compliance. Its flagship product, Agiliance IT-GRC, enables businesses to develop a holistic view of their IT risk and compliance posture in order to make better business decisions. The Agiliance IT-GRC platform is the first solution that combines a robust common control framework with sophisticated policy management, workflow, and automation, providing internal and external stakeholders with a highly effective, transparent methodology for reducing IT-related risk while increasing operational efficiencies and time-to-compliance. Founded in 2005, Agiliance is headquartered in San Jose, California and is backed by Walden International, Intel Capital, SVIC, and Red Rock Ventures. For more information, please visit Agiliance at www.agiliance.com.
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