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RSA Archer Among Other RSA Products Sold to Symphony Technology Group
RSA Archer, a leader in the governance, risk, and compliance space has been acquired by Symphony Technology Group, based in Palo Alto, California. Symphony, a private equity firm, has investments in a cross section of companies in the analytics space, HR and recruitment, and supply chain among many others.
Jeff Clarke, COO, Dell, announced on February 18, 2020 that in a move to “further simplify our business and product portfolio” it was selling its RSA arm including the RSA Conference, RSA Archer, RSA NetWitness Platform, RSA SecureID, RSA Fraud, and Risk Intelligence.
Source: SoftwareReviews Governance, Risk and Compliance, Accessed March 23, 2020
In an announcement by Rohit Ghai, President, RSA, on February 18, 2020, the move provides the following opportunities:
- Allows RSA to leverage private equity banking to grow its business.
- Partners with an organization aligned with RSA’s commitment to customer and partner base.
- Is an opportunity to enhance usage of its talent and experience.
- Accelerates innovation in the proposed, more independent configuration.
Source: Our Next Episode, RSA blog Feb. 2020
RSA Archer, a long-held leader in large and mid-sized GRC rollouts, has lost traction in recent years with increased competition in the GRC tool space and as a result of the competitiveness of the cloud SaaS (Software as a Solution) model. As of February 12, 2020, RSA Archer announced the availability of its SaaS suite in the cloud. No announcement has been made yet, however, existing RSA Archer clients are expected to have the option to migrate to the SaaS platform or remain on premises, providing options to review existing services and modules needed.
In moving to a more independent position within a private equity portfolio, it is clear that RSA is looking to take control over its role in the market and chart its future. It is not yet clear whether significant changes to its product are in store, however, this move to the SaaS model offers the traditional benefits of a quicker time to value, scalability of the cloud, faster access to latest feature set, and operating resilience.
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From employee management through leadership and communication, increased cyber threats, logistics and operations to post-pandemic planning and risk mitigation, the threat landscape has experienced enormous change. These noticeable shifts force us to consider rethinking and retooling how we address risk.
In an interview with Allison Furneaux, VP Marketing at CyberSaint Inc., developers of CyberStrong Integrated Risk Management platform in June 2020, Allison indicated that its focus has been on cybersecurity from the beginning.
LogicGate is a governance, risk and compliance automation platform offered by LogicGate Inc., headquartered in Chicago, that helps organizations to automate their risk processes.
I recently had the opportunity to speak with Jason Rohlf, VP Solutions, Mark Scheinkoenig, VP Commercial Sales, and Emily Figg, VP Marketing about their GRC solution at Onspring to discuss the product audience and upcoming features.
The Department of Justice is looking to acquire a GRC tool for the Office of the CIO within the FBI’s Enterprise Information Security Section.
The International Association of Privacy Professionals (IAPP) has released its 2020 Privacy Tech Vendor report, reviewing key software solution vendors within the space. This year’s report highlighted the recent addition of Data Subject Request (DSR) to the feature categories.
In early March, Titus released Titus Illuminate 2020, which was the company’s answer to the question of analyzing data at rest. This latest version of Illuminate leverages machine learning and AI in an effort to manage data that contains potentially sensitive or high-risk personal information.
PHEMI is a data privacy solution focused on keeping data-processing activities secure by redacting information based on the role of the accessor. Thus, allowing such data to be used for multiple use cases without compromising privacy.