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Modulo Opens APAC Headquarters, Continues Global Expansion to Address Emerging Market for GRC Solutions

March 16, 2012 - Mumbai, Maharashtra, India

Modulo, a leading provider of IT and Enterprise Governance, Risk and Compliance (GRC) solutions, today announced the expansion of its global organization with the opening of its APAC headquarters in Mumbai. As part of this expansion, Modulo brings on board industry IS expert Devang Ashar as the Managing Director for Modulo APAC (Asia-Pacific). Modulo is a sponsor of the GRC Summit 2012 conference being held March 15-16 at the Peninsula Grand in Mumbai.

The regional headquarters will ensure the highest levels of sales and support during Asia business hours and will also focus to expand its partner network. The regional office from India will enhance their presence in nearby markets with plans to expand to Hong Kong, Singapore, China, Japan, Australia and New Zealand.

Modulo’s expansion into APAC is in response to the emerging need for GRC solutions, in particular among the financial services, telecommunications, energy and IT sectors. The market in India alone accounts for $23b in annual IT expenditures.

“The establishment of the new headquarters and appointing Devang Ashar demonstrates Modulo’s commitment to current and new customers having presence in the APAC region. This development is another step toward solidifying Modulo’s strong worldwide presence,” said Sergio Thompson-Flores, CEO for Modulo. “Indian IT companies provide solutions and services to highly regulated US/European markets and we are seeing a huge demand for Vendor Risk Management. In the coming years most organizations will move to automated GRC solution that offer more efficient and effective ways for Risk Management.”

Industry veteran Devang Ashar is a seasoned information security professional in the field of IT Risk Management and Enterprise Security Software. He brings to Modulo 15 years of experience working with multi-national companies to fulfill their GRC needs in various roles - sales, operations and customer account management.

“As India grows its own internal business environment and at the same time becomes the ‘back-office of the World,’ confidential information belonging to companies and their customers across the globe is continuously being processed. The solution providers obligation are not only to comply with local regulations but also with the regulations of the country from where the confidential information originates. Also organizations catering to the local markets face similar challenges of protecting information against fraud and theft and maintaining data privacy,” said Devang Ashar, Managing Director for Modulo APAC. “As a result the APAC region is experiencing a greater need to have automated, mature and accurate ways of fulfilling GRC requirements. Modulo’s forte has always been quick visibility and out-of-the-box features, and this blends very well with the APAC market needs.”

Modulo was named a “Leader” in the December 1, 2011 report “The Forrester Wave™: IT Governance, Risk, and Compliance Platforms, Q4 2011.” Modulo Risk Manager NG is a mature, next-generation, cloud-based solution for automating risk and compliance processes. Over 500 organizations worldwide use Modulo Risk Manager to gain continuous business improvements and achieve dramatic cost savings by managing and monitoring the entire lifecycle of IT security and operational risks while maintaining compliance with multiple industry regulations and corporate policies.

For more information about Modulo’s APAC capabilities, please contact Devang Ashar at +91 988 106 9012.

Tweet this: #moduloitgrc announces APAC expansion: @moduloitgrc

About Modulo

Modulo Security, LLC is a leading global enterprise provider of comprehensive Governance, Risk and Compliance (GRC) management solutions. Modulo’s award-winning Risk Manager™ provides hundreds of organizations worldwide with the tools they need to automate the entire GRC management process to monitor, manage and sustain adherence to policy and regulations while reducing enterprise risk and complexity. Customers span the financial, health care, retail, telecom, power & gas and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo Risk Manager has earned “Best Buy” and “5-Star” ratings in SC Magazine’s 2011 Risk Management group product review and is the winner of the 2011 Info Security Products Guide Global Excellence Award, 2010 Network Products Guide Product Innovation Award and 2012 SC Magazine Excellence Award Finalist. Visit and follow Modulo on Twitter @moduloitgrc for more information.

Key Words: APAC, Modulo, IT GRC, Risk Management, Risk Manager, Compliance Management, Governance, Vulnerability Management, Continuous Monitoring

CONTACTS : Kesselring Communications for Modulo Leslie Kesselring, +1 503-358-1012

Source: Business Wire India


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