Comments on: Lumigent: An App Savvy Approach to Governance, Risk and Compliance http://www.redmonk.com/jgovernor/2008/12/17/lumigent-an-app-savvy-approach-to-governance-risk-and-compliance/ An industry analyst blog looking at software ecosystems and convergence Sun, 21 Mar 2010 03:26:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: John Capobianco http://www.redmonk.com/jgovernor/2008/12/17/lumigent-an-app-savvy-approach-to-governance-risk-and-compliance/comment-page-1/#comment-508063 John Capobianco Mon, 22 Dec 2008 16:34:40 +0000 http://www.redmonk.com/jgovernor/?p=1763#comment-508063 Ah, the price of selective prescience: right architecture, wrong name! The moniker, Compliance Oriented Architecture, makes perfect sense: that’s where most companies are feeling the regulatory pain – on the IT and the business side of the house. Once the auditors show up, the meter starts running (so do the CIO, CFO, controller, compliance officer and assorted personnel). And for most companies, that meter keeps running well into the millions of dollars by the time all the questions and material weaknesses and deficiencies have been addressed. You can bet your last Monkchip that companies are thinking about compliance strategy now. So, definitely, dust off your COA, rename it GRCOA, and get ready for wild and woolly 2009. It could be a good year for both of us! John Capobianco President and CEO, Lumigent Technologies Ah, the price of selective prescience: right architecture, wrong name! The moniker, Compliance Oriented Architecture, makes perfect sense: that’s where most companies are feeling the regulatory pain – on the IT and the business side of the house. Once the auditors show up, the meter starts running (so do the CIO, CFO, controller, compliance officer and assorted personnel). And for most companies, that meter keeps running well into the millions of dollars by the time all the questions and material weaknesses and deficiencies have been addressed. You can bet your last Monkchip that companies are thinking about compliance strategy now. So, definitely, dust off your COA, rename it GRCOA, and get ready for wild and woolly 2009. It could be a good year for both of us!

John Capobianco
President and CEO, Lumigent Technologies

]]> By: links for 2008-12-17 • Bare Identity http://www.redmonk.com/jgovernor/2008/12/17/lumigent-an-app-savvy-approach-to-governance-risk-and-compliance/comment-page-1/#comment-506790 links for 2008-12-17 • Bare Identity Thu, 18 Dec 2008 00:04:03 +0000 http://www.redmonk.com/jgovernor/?p=1763#comment-506790 [...] James Governor’s Monkchips » Lumigent: An App Savvy Approach to Governance, Risk and Compliance What I find most refreshing about the Lumigent GRC story is that its all about compliance hardening existing applications. Lumigent’s strategy is to work with packaged applications vendors to harden their apps for compliance purposes-reporting to industry standards, monitoring user access logs and so on. (tags: compliance grc redmonk lumigent jamesgovernor) [...] [...] James Governor’s Monkchips » Lumigent: An App Savvy Approach to Governance, Risk and Compliance What I find most refreshing about the Lumigent GRC story is that its all about compliance hardening existing applications. Lumigent’s strategy is to work with packaged applications vendors to harden their apps for compliance purposes-reporting to industry standards, monitoring user access logs and so on. (tags: compliance grc redmonk lumigent jamesgovernor) [...]

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