Aravo’s Fifth Consecutive Year as a Category Leader in the Quadrant Recognized for Market Potential and Completeness of Offering

SAN FRANCISCO--(BUSINESS WIRE)--

Aravo, the leading provider of third-party risk and resilience solutions, today announced that for the fifth time in a row, Chartis Research has positioned Aravo as a Category Leader in its RiskTech Quadrant for Third-Party Risk Management (TPRM) Solutions. This report is an update to Chartis’ 2024 research, evaluating the technology vendors that offer core governance, resilience and compliance (GRC) solutions.

Positioned again in the Category Leader section this year, Aravo offers a purpose-built Intelligence First™ Platform and expert services that help organizations avoid the high failure rates common in technology projects. By combining everything risk teams need in one solution, Aravo makes TPRM programs easier to consolidate, scale, and sustain, achieving faster, more reliable outcomes.

“Being recognized by Chartis as a category leader for five years in a row validates the work we’re doing to help our customers succeed in a rapidly evolving risk and technology landscape,” said Michael Saracini, CEO at Aravo. “As organizations face growing demands for managing third-party risk they are turning to Aravo to deliver AI–driven TPRM to manage risk with confidence and scale. Aravo uniquely offers a responsible and phased approach to AI that matches the appetite of large, global enterprises to bring this game-changing technology into their organization. Risk teams leverage AI to reduce manual work, accelerate processes, and strengthen oversight of complex third-party ecosystems to protect their brand, while driving digital, operational and financial resilience.”

Chartis determines Category Leaders by evaluating vendors’ completeness of offering and market potential. Category Leaders exhibit clear strategies for growth in addition to market-leading solutions.

“As changes to trade relationships impact supply chains and firms have to pay more attention to third-party risks, Chartis recognizes Aravo as a category leader in its most recent study of third-party risk management (TPRM) and GRC analytics providers,” said Michael Versace, Markets Lead for GRC Advisory and Research at Chartis. “With its strong data integration and analytics capabilities and a comprehensive approach to TPRM that is increasingly enabled by AI, Aravo is well-positioned to address what we expect to be increased demand for TPRM innovation.”

With over 25 years of experience, Aravo has guided third-party risk management teams, delivering innovative software solutions in risk and compliance management across procurement, supply chain, GRC, compliance and IT. Aravo’s unmatched expertise helps organizations evolve these siloed disciplines into a centralized approach that manages large, complex, extended enterprises of third-party and Nth-party relationships.

For more information on the Chartis Research recognition, please visit this blog. Additional details on Aravo’s third party-risk management solutions can also be found at https://aravo.com/tprm-solutions/.

About Aravo

Aravo is a provider of leading third-party risk management solutions powered by intelligent automation software. Designed to meet the needs of third-party risk management teams at Global 2000 enterprises, Aravo helps organizations thrive in a global economy with growing security, regulatory, and brand risk. With its innovative Intelligence First® Platform purpose-built to manage third-party risk, Aravo uses AI to optimize time-intensive processes and drive better business outcomes. Trusted by over 9 million third-party users and 700K corporate users to manage over 10M+ workflows annually in 170+ countries, Aravo’s software and expert services empower global enterprises to mitigate risk, build business resilience, and promote brand integrity across their extended enterprise.

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Source: Aravo