Allgress, Inc. Company Profile

Background

Founded in 2008 and headquartered in Livermore, California, Allgress, Inc. specializes in providing comprehensive Governance, Risk, and Compliance (GRC) solutions. The company's mission is to streamline risk and compliance management processes, enabling organizations to efficiently manage their risk posture with reduced complexity and cost. Allgress has established itself as a significant player in the GRC industry by offering innovative, user-friendly platforms that cater to a diverse range of business needs.

Key Strategic Focus

Allgress focuses on delivering integrated risk management solutions that simplify policy assessments and compliance processes. Their core objectives include enhancing operational efficiency, providing rapid policy assessments, and offering scalable platforms that adapt to evolving business requirements. The company's primary markets encompass various industries seeking to improve their security frameworks and compliance postures.

Financials and Funding

As of the latest available data, Allgress has raised a total of $887,000 in funding over two rounds. The company's estimated annual revenue is approximately $2.4 million, with a revenue per employee of $101,500. Allgress employs around 24 individuals, reflecting a slight decrease in employee count over the past year.

Technological Platform and Innovation

Allgress offers an award-winning, automated GRC platform that modernizes risk management with a strategic, policy-driven approach. Their solutions include tools for compliance management, incident management, policy management, vendor management, and more. The platform is designed to be user-friendly, enabling rapid policy assessments and scalable to meet the evolving needs of businesses. By integrating advanced visualization, automation, and streamlined workflows, Allgress reduces the complexity and cost associated with risk management.

Leadership Team

Jeff Bennett: Founder, President, and CEO. With over 20 years in business leadership, product development, and IT security, Jeff has a strong track record as a serial entrepreneur. He founded and led SiegeWorks and SiegeWorks International, which were acquired by FishNet Security in 2006, where he then served as Executive Vice President of Services.

Gordon Shevlin: Founder and Advisor. With over 25 years in the security industry, Gordon co-founded SiegeWorks and SiegeWorks International, managing its acquisition by FishNet Security. He has served on the advisory boards of 12 major information security firms and is an active volunteer with ISSA.

Brandon Bennett: Vice President of Customer Success. With over 20 years of experience in sales and customer relations in the information security industry, Brandon excels at communication and engages with all levels of the organization to deliver value.

John Ogden: Vice President of Engineering. Known for his strong leadership, technical expertise, and strategic vision, John ensures the delivery of high-quality products, boosting customer satisfaction and contributing to revenue growth.

Jeff Kushner: Chief Marketing Officer. Leading global marketing strategy, branding, and communications since 2012, Jeff has over 30 years of experience in tech marketing and business development, having held key roles at companies like Symantec, BMC Software, and Oracle.

Michael Geiogamah: Senior Solutions Architect. With years of experience in cybersecurity, Michael plays a pivotal role in helping clients optimize their risk management and compliance strategies.

Competitor Profile

Market Insights and Dynamics

The GRC market is characterized by a growing demand for solutions that streamline risk management and compliance processes. Organizations across various industries are seeking platforms that offer automation, scalability, and user-friendly interfaces to manage their risk postures effectively.

Competitor Analysis

Allgress operates in a competitive landscape with several notable competitors:

AuditBoard: Offers a connected risk platform designed to elevate teams and engage the front lines of businesses, providing applications like RiskOversight, CrossComply, SOXHUB, OpsAudit, ESG, and TPRM.

Workiva: Provides a cloud-based productivity platform for enterprises to collect, link, report, and analyze business data with control and accountability.

Vanta: Focuses on automating security and compliance processes, helping businesses get compliant with frameworks like SOC 2, ISO 27001, and GDPR.

Scrut Automation: Offers automated testing of cloud configurations against CIS benchmarks across multiple cloud accounts to maintain a strong infosec posture.

Sprinto: Automates compliance requirements end-to-end, integrating with business systems to ensure they meet standards like SOC 2 and ISO 27001.

These competitors emphasize automation, integration, and user-friendly interfaces, reflecting the industry's shift towards more efficient and scalable GRC solutions.

Strategic Collaborations and Partnerships

In 2021, Allgress announced the expansion of its international operations with the opening of a new office in Bedfordview, Gauteng, South Africa. This expansion aims to make Allgress' solutions more widely available in regions like the Middle East and Africa, with a focus on establishing local partnerships in highly regulated industry sectors such as financial services, telecom, utilities, and healthcare.

Operational Insights

Allgress differentiates itself by offering a user-friendly, automated GRC platform that enables rapid policy assessments and scales to meet evolving business needs. Their solutions are designed to reduce the complexity and cost associated with risk management, providing organizations with the tools to efficiently manage their risk posture.

Strategic Opportunities and Future Directions

Allgress is committed to expanding its global presence and enhancing its platform to meet the evolving needs of businesses in managing risk and compliance. The company's investment in international markets, such as the Middle East and Africa, reflects its strategic roadmap to offer solutions that strengthen risk and compliance postures across diverse industries.