Enterprise Tech / Regulatory & Legal Tech • Cybersecurity
Best Third-Party Vendor Risk Management Companies
What is Third-Party Vendor Risk Management?
The third-party vendor risk management market offers solutions to help organizations manage the risks associated with their third-party vendors. As companies increasingly rely on third-party vendors for business operations, the market has grown to address the need for effective risk management strategies. The solutions offered by vendors in this market automate and streamline the process of assessing and monitoring vendor cyber risk, providing a holistic view of supplier cyber risk. By utilizing these solutions, organizations can reduce the workload of manual processes and avoid costly internal resources while improving their security posture and maintaining customer trust.
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Top Third-Party Vendor Risk Management Companies

SecurityScorecard specializes in cybersecurity ratings and is a leader in the cybersecurity industry. The company offers a platform for enterprise risk management, third-party risk management, and cyber insurance underwriting, providing a view of cyber risks through continuous monitoring and assessment. It primarily serves the security sector. The company was founded in 2013 and is based in New York, New York.
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Supply Wisdom, Grip Security, Reco, and 1 more
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Canadian Centre for Cyber Security, Transportation Security Administration, International Legal Technology Association, and 2 more
Key People
Aleksandr Yampolskiy, Sachin Bansal, Eric Larsson, and 2 more

BitSight provides a cyber risk management solution. It allows organizations to manage third-party/fourth-party risk, benchmark performance, security performance management, and vendor risk management integrations. It serves financial services, healthcare, technology, government, energy and utilities, retail, manufacturing, and engineering industries. It was founded in 2011 and is based in Boston, Massachusetts.

OneTrust specializes in trust intelligence cloud solutions within the privacy and data governance, GRC, ethics, and ESG sectors. The company offers a platform that provides visibility, action, and automation across various domains, including privacy management, data discovery and security, and compliance with regulatory requirements. OneTrust's platform is designed to help organizations manage data sprawl, ensure compliance, and foster a culture of trust and transparency. It was founded in 2016 and is based in Atlanta, Georgia.

Vanta specializes in trust management for organizations and focuses on automated compliance and security within the technology sector. The company offers a product suite that streamlines the compliance process for various frameworks, manages vendor risks, and automates security questionnaires. Vanta's solutions cater to startups, mid-market companies, and enterprises, providing scalable security and compliance tools. It was founded in 2018 and is based in San Francisco, California.
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Apptega provides cybersecurity and compliance management. The company offers a platform that simplifies implementing and managing cybersecurity and compliance programs, providing risk assessment, audit management, and compliance tracking services. It serves organizations of all sizes, including Fortune 500 enterprises and Managed Security Service Providers (MSSPs). It was founded in 2018 and is based in Atlanta, Georgia.

AuditBoard provides a cloud-based platform specializing in transforming audit, risk, economic social governance (ESG), and InfoSec management within various business sectors. It offers software solutions for SOX management, centralized risk management, internal audits, compliance management, vendor risk management, ESG and sustainability, and IT risk management. Its services are primarily utilized by audit, risk, compliance, and information security sector professionals. It was formerly known as SOXHUB. The company was founded in 2014 and is based in Cerritos, California.

Censinet is a company that focuses on risk management and cybersecurity within the healthcare sector. The company offers a range of services including third-party risk assessments, cyber program coverage, and remediation strategies, with a particular emphasis on protecting patient safety, data, and care operations. Its primary customers are healthcare delivery organizations and vendors within the healthcare industry. It was founded in 2017 and is based in Boston, Massachusetts.

CyberArk operates in the Identity Security field, focusing on privileged access management within the cybersecurity domain. The company provides security solutions designed to protect human and machine identities across various environments, including on-premises, cloud, and hybrid infrastructures. CyberArk's platform offers secure access, lifecycle management, and threat detection, serving industries such as financial services, healthcare, and government. It was founded in 1999 and is based in Newton Center, Massachusetts.

Diligent provides corporate governance and collaboration solutions for boards and senior executives. The company allows board members and senior executives access to their time-sensitive and confidential information, ultimately helping them make decisions. It offers solutions including audit and analytics, compliance and ethics, risk and strategy, and more. Diligent was formerly known as Diligent Board Member Services and Diligent Boardbook. The company was founded in 2001 and is based in New York, New York.
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Drata is a security and compliance automation platform that specializes in streamlining audit readiness and maintaining compliance across various frameworks. The company offers solutions for continuous control monitoring, automated evidence collection, and workflow optimization to ensure companies are audit-ready. Drata's platform is designed to serve startups, growth-stage companies, and enterprises by providing scalable compliance automation tools and support for custom frameworks. It was founded in 2020 and is based in San Diego, California.

Fortress Information Security is a company that focuses on cybersecurity, specifically in the domain of supply chain risk management and asset vulnerability management. The company offers a range of services including end-to-end assessment services, continuous monitoring, and prevention of security breaches, all aimed at securing the IT and OT ecosystem of their clients. They primarily cater to sectors such as the government, energy and utilities, and critical manufacturing. It was founded in 2015 and is based in Orlando, Florida.
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Ideagen specializes in regulatory and compliance software solutions across various industries. The company offers a suite of products that enable organizations to manage governance, risk, and compliance (GRC), quality management, environmental, health and safety (EHS), as well as audit and risk management processes. Ideagen's solutions cater to highly regulated industries such as aviation, financial services, life sciences, healthcare, and manufacturing. It was founded in 1993 and is based in Nottinghamshire, England.

LogicGate specializes in governance, risk, and compliance (GRC) solutions within the software industry. The company offers a platform known as Risk Cloud, which provides tools for risk management, policy enforcement, and compliance reporting. LogicGate's services cater to various sectors including software, FinTech, healthcare, and energy, among others. It was founded in 2015 and is based in Chicago, Illinois.
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MetricStream is a company that specializes in Integrated Risk Management (IRM) and Governance, Risk, and Compliance (GRC) solutions. The company offers a range of software solutions that help organizations manage and mitigate risks, ensure compliance with regulatory requirements, and streamline their governance processes. These solutions cover areas such as enterprise risk, operational risk, business continuity, IT and cyber risk, and environmental, social, and governance (ESG) risk. It was founded in 1999 and is based in Palo Alto, California.

Panorays develops third-party security risk management. The company offers a software-as-a-service (SaaS) platform that manages the entire process from inherent to residual risk, remediation, and ongoing monitoring. It serves automated, dynamic security questionnaires, external attack surface evaluations, and business context to provide organizations with a rapid, accurate view of supplier cyber risk. It was founded in 2016 and is based in New York, New York.
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Our Methodology
The ESP matrix leverages data and analyst insight to identify and rank leading private-market companies in a given technology landscape.
What is Third-Party Vendor Risk Management?
The third-party vendor risk management market offers solutions to help organizations manage the risks associated with their third-party vendors. As companies increasingly rely on third-party vendors for business operations, the market has grown to address the need for effective risk management strategies. The solutions offered by vendors in this market automate and streamline the process of assessing and monitoring vendor cyber risk, providing a holistic view of supplier cyber risk. By utilizing these solutions, organizations can reduce the workload of manual processes and avoid costly internal resources while improving their security posture and maintaining customer trust.
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