SAN FRANCISCO, Calif., September 1, 2016 – Aravo Solutions, the only platform that can support the complex third-party risk and compliance demands of the Global 2000, announced today that a leading multinational corporation specializing in Internet-related services and products, including industry-leading Internet search and advertising offerings, has signed a multi-year agreement with Aravo to power their global third-party risk and compliance program.
The Aravo Enterprise solution will provide automated risk management, with a focus on Anti-Bribery and Anti-Corruption (ABAC) and information security monitoring for more than 10,000 third parties in the client’s network, with the company planning to add more third-parties over time.
The company required a solution that could keep pace with the unique demands of a leader in the internet space, and deliver a comprehensive and efficient best-practice program. Aravo stood out from other providers for its ease of configuration, flexibility and speed to solution.
Leveraging deep domain expertise and scalable cloud technology, the Aravo solution will provide the company’s business leaders and compliance teams with a single view of the “truth” about the company’s many third parties. The Aravo platform will be integrated with the company’s OAuth single-sign-on solution and its proprietary calendaring solution, ensuring secure and straightforward access for both employees and trusted third parties.
“We are excited to be working with this world leader in technology and innovation,” said Aravo Solutions CEO, Michael Saracini. “Increased regulatory focus on ABAC compliance and information security are exposing that many of the largest risks for enterprises rest in their third party relationships, and more aggressive enforcement actions make it clear that companies will be held responsible for the behavior of these third parties.
Fast-moving global Internet companies need to be able to track ABAC compliance issues at the speed of Internet business. At the same time, they need to track and monitor the information security status of their third parties. Many of the most damaging data breaches in recent years were caused by lapses in third-party information security controls.”
Aravo Solution’s in-depth regulatory expertise and scalable, flexible SaaS platform provide the comprehensive, rigorous, and responsive third-party compliance solution that Global 2000 companies need for ensuring third-party regulatory compliance and keeping IT resources secure.”
Aravo’s employees are dedicated to making the world more ethical by eliminating corporate corruption and social injustice. Aravo manages complex third-party Governance Risk and Compliance (GRC) programs for the industry leaders in pharmaceuticals, oil & gas, financial services, consumer packaged goods, retail, aerospace & defense, technology, mining, automotive and manufacturing. Accenture, BAE Systems, Cisco Systems, GE, Lloyds Bank, Pfizer, P&G, Unilever, and Visa, among others, count on Aravo’s market-leading cloud-based solution to achieve global continuous insight into third-party risk and compliance. Applying technical innovation and deep domain expertise, Aravo’s market-leading SaaS platform delivers unrivaled configurability, regulatory agility, ease-of-use, high performance and scalability. Aravo currently supports a user base of 65,000 corporate users managing 3.1 million third parties in 33 languages and 112 countries. Aravo is headquartered in San Francisco, with offices and partners across the US, Europe and Asia.