Compliance Risk – the only Governance-as-a-Service solution created by MSPs for MSPs – recently announced it received a $3.5 million investment from Bellini Capital and will rebrand to Compliance Scorecard.
During a time when compliance is a growing priority for MSPs and their clients, Compliance Risk’s name change reflects how the company’s technology and support simplify compliance, making it easy for MSPs to add the critical offering to the services they provide their clients and to address MSPs’ own governance needs.
The company gives MSPs policies and procedures tailored to meet specific regulatory and industry compliance standards. And the Bellini Capital investment will help the company expand its product roadmap to introduce additional risk-management and governance modules.
Working as a former chief technology officer and MSP for more than 20 years, Compliance Risk Founder and CEO Tim Golden knows from personal experience that compliance can be intimidating, which is why the company’s services include features to help MSPs efficiently deploy compliance solutions backed by weekly peer group meetings.
Compliance Risk’s Governance-as-a-Service framework includes:
— Industry-specific policy packs like HIPAA, FTC Safeguard, NIST CSF, and CMMC, with a document library built on decades of experience helping organizations meet government and industry regulations
— Explanatory text that leads organizations through each policy documentation form
— Change-control tracking and automated prompts to ensure organizations fulfill annual compliance requirements
— End-user training and adoption tracking, including e-signatures
— Weekly MSP peer support group, a Slack channel, and a 30-day free trial
KEY QUOTES:
“Everyone feels pressure from increased regulation, cyber insurance requirements, and the constant threat of a data breach. Ultimately, the Governance as a Service we provide enables MSPs to help their clients and protect themselves.”
— Compliance Risk Founder and CEO Tim Golden
“MSPs need to get busy offering security operations services to their customers,” Bellini said. “Their customers are getting hacked, and it is time for MSPs to evolve. With Compliance Risk, MSPs can offer a basic set of security operations services. That puts MSPs on the path toward doubling their revenue.”
— Bellini Capital Managing Partner Arnie Bellini
