ATLANTA, Ga., May 19, 2014 (GLOBE NEWSWIRE) -- via PRWEB - CORL Technologies, a leading provider of Vendor Security Risk Management (VSRM) solutions, today announced that its flagship product has been honored with a 2014 GRC Technology Innovation Award by independent GRC analyst firm GRC 20/20. The third annual GRC Technology Innovation Awards recognize technologies that are revolutionizing the Governance, Risk Management and Compliance (GRC) market.
Over the years GRC technology has evolved and changed. The GRC Technology Innovation Awards process for 2014 recognizes this evolution and represented the most competitive pool of applicants to date. Fifteen technologies were selected out of 62 applicants after being carefully evaluated for their innovation.
"CORL has demonstrated innovation in GRC by changing the paradigm for managing vendor risk," said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert. "There were many deserving applicants and I am excited to see this overall level of innovation driving the industry forward. The awards were given to those technologies that are delivering something truly unique, game changing, and revolutionary and are most likely to impact the GRC space over the next year."
In his third annual GRC Technology Innovation Awards blog, Rasmussen adds, "Third-party breaches and regulations are increasing drastically, but effective third-party security risk management is expensive, time consuming, and resource intensive. As a result, many organizations have programs that do not provide full coverage, or provide a false sense of security. Corl's vendorsecurityRM provides organizations with the information they need to effectively focus their vendor due diligence efforts on those vendors who present the most risk."
To read the full blog visit: http://www.grc2020.com/index.php/grc-pundit-blog/192-2014-grc-technology-innovation-award-corl-mitigates-3rd-party-risk-through-ongoing-and-proactive-3rd-party-intelligence.
"We are honored to be recognized for our innovation by respected analyst firm GRC 20/20," said Cliff Baker, CEO, CORL Technologies.
About GRC 20/20
GRC 20/20 is the authority in understanding how organizations implement GRC practices that are effective, efficient and agile. Through independent research and industry interaction, GRC 20/20 advises the entire ecosystem of GRC roles within organizations, technology and knowledge solution providers, and professional service firms. Organizations engage GRC 20/20 when they need insight, guidance and advice in dealing with a dizzying array of disruptive issues, challenges, processes, information and technologies while trying to maintain control of a distributed and dynamic business environment. Visit GRC 20/20 at http://www.grc2020.com/ and follow on Twitter at @GRCPundit.
About CORL
CORL is an innovative and leading provider of Vendor Security Risk Management solutions. The organization was founded to address the need for vendor security intelligence. Delivered as a managed service and supported by an expert team of research analysts and a collaborative intelligence sharing community, CORL's Vendor Security Risk Management solutions are used alone or as part of a larger Vendor Risk Management program and GRC solution. With CORL, organizational resources can leverage intelligence to understand and monitor risk with its vendors, ease compliance audits and improve executive-level communications and risk analytics reporting. Customers of its flagship product include many of the nation's largest companies. Visit CORL at http://www.corltech.com or follow Twitter (@CORL) and LinkedIn.
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