CHICAGO – February 23, 2021 – LogicGate, a leading provider of cloud software solutions for automating governance, risk, and compliance (GRC) processes through its Risk Cloud™ platform, today announces they have partnered with Ascent, a provider of AI-based solutions that automate regulatory compliance processes and CastleHill Managed Risk Solutions, a GRC SaaS provider. These initiatives will be led by Joseph Schorr as he joins LogicGate to champion the Strategic Alliance Program to bring even more value to Risk Cloud and LogicGate customers. His appointment comes as LogicGate scales and expands to new markets, including continuing to establish channel relationships, bringing Risk Cloud to managed service providers, systems integrators, and distributors.
Schorr has more than 20 years of experience leading strategic business development, and constructing new sales and delivery engagement models. Prior to LogicGate, he served as vice president of global executive services at Optive. Before Optive, Schorr amassed his experience in cybersecurity from various roles with organizations including Exodus Intelligence, SecureWorks and HP. Now, as Vice President of Strategic Alliances, he’ll expand and scale LogicGate’s successful channel practice.
“The importance of proper governance, risk, and compliance can’t be overstated in today’s business environment,” said Schorr. “LogicGate’s Risk Cloud is the ideal solution for organizations looking to be more risk-intelligent. The partnerships I hope to cultivate on LogicGate’s behalf will advance the company’s mission to be the center of an organization’s GRC ecosystem. The work we’re doing with Ascent and CastleHill are two perfect examples of how customers win when we establish strong alliances with complementary providers.”
Bringing AI to regulatory compliance with Ascent
LogicGate has joined with Ascent to create Risk Cloud’s Regulatory Compliance Powered By Ascent Application. This Application will bolster Risk Cloud’s regulatory compliance offerings by leveraging Ascent’s AI-fueled technology that automatically delivers a complete set of obligations targeted to each organization’s needs. This regulatory partnership takes the guessing game and manual work out of a compliance program and reduces the thousands of regulations down to a manageable size, helping risk and compliance professionals narrow their focus to only relevant information. The pre-built application ensures that firms have the right regulatory data automatically populated in Risk Cloud, which they can then operationalize to remain compliant with the law at all times. This ultimately frees up teams to explore new regions, services, or products knowing the organization can evolve with any new regulation.
“Our solution is designed to work with platforms like Risk Cloud in a powerful, complementary way,” said Brian Clark, Ascent Founder & President. “Combining Ascent and Risk Cloud is a recipe for success for our heavily regulated clients as it creates a single source of regulatory truth that is both targeted to the customer and always up-to-date. With our combined solution, customers can dramatically reduce their regulatory risks and costs with a flexible, user-friendly platform that is automatically populated with the regulatory information they care about.”
CastleHill Managed Risk Solutions simplifies regulatory change management
LogicGate has partnered with CastleHill Managed Risk Solutions to help organizations across any vertical and industry navigate the regulatory and compliance landscape. The combination of CastleHill’s expertise and Risk Cloud makes Regulatory Change Management and Regulatory Compliance as efficient and seamless as possible. Powered by the Risk Cloud’s advanced technology architecture and pre-configured solutions and CastleHill’s proprietary methodology.
“As we grow Risk Cloud, our partners increase the value we bring to our customers,” said LogicGate CEO, Matt Kunkel. “In heavily regulated industries, regulations change rapidly. It’s more than cumbersome to track changes and map how they apply to an organization and then change processes to adapt to the new regulations. Our innovative Application with Ascent is a game changer for our customers in those heavily regulated industries, saving them time and creating efficiencies.”
This announcement follows LogicGate’s announcement of surpassing $40 million in total funding late in 2020. For more information about LogicGate, visit LogicGate.com.
LogicGate is a leading provider of cloud-based solutions for automating governance, risk and compliance (GRC) processes. LogicGate empowers customers to transform disorganized risk and compliance operations into agile enterprise risk management programs, tailored to their business needs. Its proprietary Risk Cloud™ platform, an end-to-end suite of risk management solutions, blends the right mix of flexibility and out-of-the-box functionality, enabling organizations to manage their risk with confidence. Companies like SoFi, CAPCO and Blue Cross Blue Shield of Kansas City, rely on LogicGate to accurately assess, monitor, action, and, when needed, rapidly pivot GRC processes, without the support of consultants or corporate IT. The Chicago-based company has been named a leading GRC Software Platform on the G2 GRC Grid for five consecutive quarters, and was awarded Best Security Innovation in a SaaS Product by the SaaS Awards. For more information, visit LogicGate.com and follow LogicGate on LinkedIn and Twitter at @LogicGate.