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News < Back Sarbanes Oxley : Technology : Configuration Management Phulaxis Acquisition Alters The Compliance Landscape IT-GRC leader acquires Phulaxis, Inc. to solidify its strategic product roadmap; Adds leading companies such as Linksys and Unifi to its customer roster
The Phulaxis technology, which Agiliance has re-launched as the new Controls Automation module for Agiliance IT-GRC 3.0, extends Agiliance’s automated controls for configuration, vulnerability and security management to now include automated user access controls for identity management systems, middleware, databases and applications. With this acquisition, Agiliance fulfills a key requirement of its strategic product roadmap for managing the entire IT risk and compliance lifecycle. “We have very specific controls that require us to monitor and report on access within our ERP system,” said Lynn Peele, IT Security and Compliance Manager, Unifi, Inc. “We simply didn’t have visibility, and gaining it was very difficult until we deployed the Controls Automation module. We were able to use the product to identify our current state and then automate continuous monitoring and exception reporting. We are very pleased with the solution and look forward to an ongoing relationship with Agiliance.” Agiliance IT-GRC was built to eliminate the risk and compliance information silos that result in operational inefficiencies and inadequate risk measurement. With deep domain expertise in enterprise security automation, Agiliance understands how difficult it is to manage and protect highly complex, dynamic IT systems, and is recognized for the breadth and depth of its IT-GRC solution. The new Controls Automation module extends Agiliance’s automation and monitoring capabilities to manage access to systems in which important and highly sensitive governance, risk and compliance data resides – systems such as databases, identity management systems, ERP systems and other applications. The module manages user access and reconciliation, enforces application configurations, provides rules-based monitoring for transaction violations and audits database and server logs. It accommodates a range of heterogeneous applications and features. "We're excited to have acquired technology that expands our automation capabilities to include very fine-grained, granular access controls, which have become critically important for regulations like Sarbanes-Oxley and FISMA,” said Patrick J. Conte, CEO, Agiliance Inc. "Agiliance customers will benefit by having direct control over information buried deep inside systems and applications, and Phulaxis customers such as Linksys and Unifi will now be able to plug into a powerful, high level means of addressing overall regulatory compliance and risk management requirements.” Following the acquisition, Phulaxis executives have transitioned to senior roles at Agiliance and support for all Phulaxis customers continues unchanged. Now generally available from Agiliance for a list price of $50,000.00, the Controls Automation module complements existing Agiliance IT-GRC 3.0 Key Risk Indicator (KRI) and Enterprise Risk Management (ERM) modules. Agiliance offers the most comprehensive and scalable solution for managing the interdependent disciplines of IT governance, risk, and compliance. Its flagship product, Agiliance IT-GRC, enables businesses to develop a holistic view of their IT risk and compliance posture in order to make better business decisions. The Agiliance IT-GRC platform is the first solution that combines a robust common control framework with sophisticated policy management, workflow, and automation, providing internal and external stakeholders with a highly effective, transparent methodology for reducing IT-related risk while increasing operational efficiencies and decreasing time-to-compliance. Founded in 2005, Agiliance is headquartered in San Jose, California and is backed by Walden International, Intel Capital, SVIC, and Red Rock Ventures. For more information, please visit Agiliance at www.agiliance.com 
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