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Ostendio Is Changing The Way Companies Manage Their Cybersecurity, Risk Management And Compliance Programs

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Ostendio delivers a cloud based compliance management platform. The company provides an efficient, cost-effective tool for companies looking to manage their security compliance and bringing them to industry standards. Below is our interview with Grant Elliott, CEO of Ostendio:

Grant Elliott

Q: Could you provide our readers with a brief introduction to Ostendio?

A: Ostendio is changing the way companies manage their cybersecurity, risk management and compliance programs. Ostendio’s SaaS platform – My Virtual Compliance Manager (MyVCM™) – allows companies to easily develop and manage an effective cybersecurity and risk management program, and more specifically, give them a simpler way to demonstrate this to their customers.

Q: You’ve been recently selected as the winner in the Best Cybersecurity Compliance Product category for the Cybersecurity Excellence Awards; could you tell us something more?

A: We’re honored to be presented with this award from our peers in the cyber and information security space. In this increasingly digital world, we need to ensure that everyone is reliably protecting sensitive data.

The Cybersecurity Excellence Award is a prestigious award that honors individuals, products and companies that demonstrate excellence, innovation and leadership in information security. This independent awards program is produced in cooperation with the Information Security Community on LinkedIn, tapping into the experience of more than 300,000+ cybersecurity professionals to recognize the world’s best cybersecurity products, individuals and organizations.

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Q: Could you explain the function and advantages of your all-in-one cyber security and risk management solution?

A: MyVCM is a true workflow management solution that automates the Cyber Security and Risk Management process across the entire workforce, as opposed to being a simple reporting tool for the security team.

Typically, an information security program is implemented top down, without buy-in from all employees. This leaves companies vulnerable as cybersecurity’s weakest link are humans. Ostendio’s MyVCM is used by all employees in a company, from HR to IT, to ensure that they are all aware of how their actions impact the security of the company and lets them see if they are compliant to a company’s security program, reducing the risk of a breach due to human error.

MyVCM not only tracks the activity and compliance of each employee, but it also allows companies to benchmark their own performance against other companies on the MyVCM Trust Network™. As cyber threats continue to increase MyVCM allows companies to mitigate their risk against such infiltration.

MyVCM is not just for security compliance. Companies can use MyVCM to make sure employees are compliant in topics like sexual discrimination, company policy and product documents as well.

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Q: Who is your ideal customer and why?

A: While our initial focus was the healthcare industry, our solution is applicable to any company who is subject to regulation or must operate in line with a specific standard e.g. financial services, government and aerospace. Any company who has a complex ecosystem with a requirement to protect and share sensitive data is our ideal customer.

We have cultivated a list of clients that includes more than 60 companies in the U.S., Canada, the U.K., Australia and Israel, all of varying sizes and areas of business.

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Q: What can we expect from Ostendio in next six months?

A: In 2016, Ostendio experienced 140% growth and we expect similar growth numbers for 2017. In the next six months, we are launching version 3.0 which will bring a number of new updates and features to the platform including an inventory management module and role-based training. In the future, you can expect Ostendio to release additional capabilities to build on the platform’s enterprise abilities.

We are also focused on raising our Series A funding. The majority of the Series A capital will be used to scale sales and marketing, and in particular support the development and growth of our channel management program.

We are excited for what the next six months holds!

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