L

Logicgate

www.logicgate.com link_icon

LogicGate, Inc. Marketing Research Report



Company Overview


  • Name: LogicGate, Inc.

  • Mission: To empower businesses to transform risk into strategic advantage, build sustainable processes, and ensure compliance with a flexible and collaborative GRC (Governance, Risk, and Compliance) platform.

  • Founded: 2015

  • Founders: Matt Kunkel, Jon Siegler, Dan Campbell

  • Key People:

  • Matt Kunkel (Co-Founder and CEO)

  • Jon Siegler (Co-Founder and Chief Product Officer)

  • Dan Campbell (Co-Founder and Chief Architect)

  • Sara Haven (General Counsel)

  • Jay Jamison (President of Product and Technology)

  • Andrew Ruse (President of Field Operations)

  • Kara Smith (Chief Financial Officer)

  • Caroline Werner (Chief People Officer)

  • Nicholas Kathmann (Chief Information Security Officer)

  • Jonathan Skinner (Chief Marketing Officer)

  • Jennifer Renna (Chief Customer Officer)

  • Headquartered: 320 W Ohio St, Suite 600W, Chicago, IL 60654

  • Number of Employees: 201-500 employees

  • Revenue: No information is available

  • Known For: Industry-leading GRC platform, Risk Cloud®, which simplifies governance, risk, and compliance management with scalability and automation.


Products


Risk Cloud®


Risk Cloud® is LogicGate’s primary product, an industry-leading GRC platform designed for the holistic management of governance, risk, and compliance. Key features include:
  • Scalability and Flexibility: Built on a graph database enabling fast scaling and adaptable workflows customized via a no-code, drag-and-drop interface.

  • Automation: Reduces manual processes involved in risk assessment, policy enforcement, and compliance reporting.

  • Data-Powered Collaboration: Real-time visibility into risk landscapes, facilitates collaboration with data-driven insights, dashboards, and reporting.


Key Solutions and Applications


  • Cyber Risk & Controls Compliance: Automates cyber risk assessments, links vulnerabilities to business impact, and integrates with tools like ServiceNow™ and Tenable®.

  • Enterprise Risk Management: Centralized view of risks and controls, automated assessments, and mitigations.

  • Third-Party Risk Management: Centralized and streamlined third-party risk assessments with integrations for in-depth risk insights.

  • Risk Quantification: Quantifies risk in financial terms using advanced techniques like Monte Carlo simulations.

  • AI Governance: Manages AI use cases with focus on compliance and ethical considerations.

  • Controls Compliance: Automated evidence collection, mapping controls to 25+ frameworks, and identifying gaps and overlaps.

  • Internal Audit Management: Connects audit entities, performs automated control testing, and provides detailed audit reports.

  • Policy Management: Automates writing, reviewing, updating, and attestation of policies, integrating with leading document storage solutions.

  • Operational Resilience: Manages business continuity and disaster recovery planning, incident management, and recovery prioritization.


Unique Features


  • Risk Cloud AI: Integrates AI for faster risk assessments, policy creation, and smart analytics.

  • Risk Cloud Exchange: A marketplace for Applications and integrations to enhance the platform's functionality with various enterprise software tools.


Recent Developments


New Products and Features


  • AI Governance Solution: Enables fast and standardized AI-powered innovation, ensuring compliance with policies and regulations. Integrated with Risk Cloud’s other applications for seamless risk management across AI initiatives.

  • Risk Cloud Quantify Enhancements: Advanced risk quantification using Monte Carlo simulations and support for the Open FAIR™ model.

  • Expanded Automated Evidence Collection: Improved functionality to support more tools, enhancing compliance and audit readiness.


Partnership and Recognition


  • Partnerships: Collaborations with leading technology providers like CUBE, Optiv, and Black Kite to offer integrated solutions that enhance organizational GRC efforts.

  • Recognition:

  • Named a Leader in The Forrester Wave™ for Governance, Risk, and Compliance Platforms, Q4 2023.

  • Included in the Inc. 5000 fastest-growing private companies list for four consecutive years.

  • Recognized as one of the G2 Grid Leaders for Summer 2024.


Developments in Industry Engagement


  • Webinars and Educational Series: Conducting webinars and educational sessions in partnership with industry leaders to address GRC challenges and innovations.

  • Publications and Thought Leadership: Publishing insights and whitepapers on AI governance, cyber risk management, and GRC automation trends.


Conclusion


LogicGate, Inc. remains at the forefront of innovative GRC solutions with their flexible and scalable Risk Cloud® platform. By prioritizing functionality, user engagement, and continuous improvement, LogicGate facilitates comprehensive risk management that supports organizational efficiency and regulatory compliance. Their recent advancements in AI governance and automated evidence collection underscore their commitment to evolving with market needs while maintaining robust security and compliance practices.