We're very excited to announce that we've joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program! In 2020, The CyberGRX Exchange platform became available for purchase in AWS Marketplace. As a member of the AWS ISV Accelerate Program, we will now be able to drive new business, accelerating sales cycles through co-selling in AWS Marketplace.
Digital transformation has caused organizations to increase reliance on cloud-based services, expanding their third-party ecosystem. In fact, a recent study found that 58% of respondents say the biggest change to their organization in the last year is increased migration to the cloud, through a third-party cloud provider; however, they struggle to gain full visibility into the risk posed by third parties. Our acceptance into the AWS ISV Accelerate Program will allow us to be better aligned with AWS Account Managers who work closely with AWS customers, to drive adoption of our third-party cyber risk management (TPCRM) solution and help more organizations address critical issues pertaining to their third-party risk exposure. In addition, the program will help us further our mission of increasing awareness of TPCRM in the market and allow us to collaborate with AWS to identify new potential customers and managed security service providers (MSSP) to enhance our sales cycles.
“Digital landscapes are more interconnected than ever before and recent security incidents, such as Kaseya, have shown the damaging domino effect that occurs when a third party is breached,” said Fred Kneip, CEO of CyberGRX. “CyberGRX is thrilled to join the AWS ISV Accelerate Program, which will allow us to support more organizations on their TPCRM journey and increase visibility of their overall level of risk within their third-party ecosystem.”
The CyberGRX Exchange platform is composed of more than 100,000 participating organizations, enabling us to provide comprehensive third-party data and analytics capabilities. This allows customers to efficiently manage, monitor, and mitigate risk in their partner ecosystems. As a result, organizations can quickly and accurately identify major security gaps within their third parties and the necessary remediation strategies to thwart any potential threats.
The AWS ISV Accelerate program is for AWS Partners, such as CyberGRX, who provide software solutions that run on or integrate with AWS. As a software-as-a-service (SaaS)-based solution, we will leverage this program to offer its cloud-based risk assessments on AWS. End customers who use AWS and have annual AWS spend requirements can retire their outstanding spend balance by purchasing CyberGRX, benefiting from the comprehensive and contextual risk assessments of their third-party portfolio.