ElevenPaths, innovative security solutions specialist for Telefónica, has acquired technology from GesConsultor the leading Governance, Risk & Compliance (GRC) platform in Spain, including its Gesdatos privacy module. This platform manages the legal requirements for safety and risk management of an organisation, in a unified and efficient way, integrating and orchestrating its key processes around three strategic areas: Corporate Governance, Risk Management and Regulatory Compliance.
With the integration of GesConsultor, ElevenPaths enriches its portfolio of Managed Security services to provide a GRC solution using its own technology, which will have a high growth potential and which it previously covered using third party solutions. To this end, the company has incorporated the solution development team into its workforce.
This solution will be sold as part of Telefónica’s security services offer through all local operators, and via its Premium Distributor, GOVERTIS (the newly rebranded founding company behind the GesConsultor platform), along with other specialised services as the solution rolls out, in full compliance with international standards and best practice.
There are currently more than 10,000 organisations which are managed via the Regulatory Compliance platform, and more than 180 associate partners using the solution. It has been widely implemented in Spain and is now expanding into Latin America. The solution helps organisations in the public and private sectors, which are currently facing enormous challenges, in the running of their production and support processes. They must ensure their safety, properly manage risk, comply with internal policies and obligations imposed on them by legislators, regulators and customers, and direct the whole organisation to meet the objectives set.
This requires the use of tools which will enable them to manage these needs, and requires professional experts who will use these tools in a way as to transform the organisation. The solution provides the following high-level functions:
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