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Credence signs distribution deal with US group Rsam

DUBAI, June 26, 2017

Dubai-based Credence Security, a subsidiary of Cognosec AB and the region’s specialty distribution company, has signed a distribution agreement with Rsam, an American enterprise software provider for risk and compliance solutions.

As per the agreement, Credence Security will be responsible for distribution of Rsam’s complete suite of solutions, with a particular focus on vendor risk management (VRM), security incident response and corporate risk and compliance assessments, across the Middle East and Africa, said a statement from the company.

Credence will also be responsible for providing the professional services associated with deployments of these solutions, it said.

Vivian Gevers, managing director, Credence Security, said: “Over the last couple of years, we have seen organisations in the region put policies and systems in place to reduce their risk and improve operations.”

“In fact, according to a recent report by Micro Market Monitor, the Middle East and Africa (MEA) enterprise governance, risk and compliance (GRC) market is expected to reach $1.22 billion by 2019 at a compound annual growth rate (CAGR) of 13.2 per cent, driven primarily by the growing need for corporate governance and risk management,” he said.

“Named a leader in the 2016 Gartner IT Risk Management Magic Quadrant, Rsam’s solutions perfectly complement our existing portfolio of cybersecurity solutions. Their highly adaptive, intuitive, feature-rich modules are easy to implement and allow businesses to automate their risk and compliance processes while adapting easily to any changes,” he added.

Rsam Risk Assessment has been designed to accommodate the spectrum of nuances, users, assets and situations in an automated way. It enables organisations to identify the target of the assessment, calculate the criticality and risk, record vulnerabilities and controls, and come up with a risk score, said the Dubai group in a statement.

Rsam’s VRM solution uses a unique relational-data model to centrally record and organise all risk management data for a 360-degree vendor view. Enterprises can identify the security and compliance controls and deficiencies for vendors with easy and keep a risk inventory of all vendors.

The module also allows enterprises to broaden their assessment by integrating data from third-party sources, it added.

Bill Dedrick, chief revenue officer of Rsam, said: “Risk and compliance concerns are truly global. Growing markets like the MEA are ideal geographies for us to expand our footprint in, and with a partner like Credence Security, who brings a wealth of domain and regional experience.”

“We’re excited to work with them to expose their customers to an adaptable solution that provides value quickly and can expand to meet future use cases,” he added. – TradeArabia News Service




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