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LockPath was one of 12 vendors included in Gartner Inc.’s report, which was published July 12, by Gartner analysts Roberta Witty and Mark Jaggers. The report, which aims to help organizations evaluate business continuity management program (BCMP) software solutions, recognized LockPath as a challenger in the space for its Keylight Platform.

According to Witty and Jaggers, “The 2017 BCMP solutions market — with an estimated $300 million global market revenue — has broadened its IT disaster recovery management, crisis management and risk management capabilities since 2016.”

LockPath’s Keylight Platform supports enterprise BCMP efforts to identify and mitigate operational risks that could potentially lead to disruption. The platform’s integrated and holistic approach to risk management allows organizations to coordinate efforts across the business to continue operations after serious incidents or disasters.

“We are thrilled to be included in this year’s Magic Quadrant,” said LockPath CEO Chris Caldwell. “With the number of threats that can adversely impact operations multiplying, our customers are finding value in including business continuity as part of their overall integrated risk management and GRC programs.”

About Gartner’s Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of the fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.