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Research Outline
Prepared for Arra M. | Delivered December 23, 2019
Software Security Services of Third Party Vendors
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Goals
To determine the market size and competitive landscape of the US or global (emphasis on US) software security services of third-party vendors, to evaluate an investment opportunity in a security and compliance-as-a-service startup.
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Early Findings
Vanta
Vanta
is a private company with headquarters in San Francisco that specializes in internet security and software.
Tugboat Logic
Tugboat Logic
has a goal of simplifying and automating information security management in organizations. They handle all aspects of this, including planning, implementation, certification, and compliance.
Previous clients
have included
A
l
l
i
b
i
x
,
D
o
c
t
o
,
F
i
l
e
v
i
n
e
, Spiff,
V
e
r
a
t
o
, Ahead,
B
a
l
b
a
x
, Sight Machine, and
E
l
t
r
o
p
y
.
Tugboat Logic currently employees
28
staff and has an estimated annual revenue of
$5.6 million
.
In March 2019, Tugboat Logic released its
Virtual CISO Platform
. This assists the organization in obtaining security certifications (including SOC 2 and ISO27001) in a less timely and costly manner than traditional solutions.
An audit of their
Virtual CISO Platform
was completed in May 2019, with the independent auditor attesting to the five core trust principles of SOC 2.
Laika
Laika
assists companies to be both secure and compliant. They have a threefold approach, which includes providing a knowledge base for controls and processes, guidance through the services, and project management of vendor questionnaires.
They have three
primary investors
, NYC, Third Prime, and Bain Capital. https://heylaika.com/about/
Their two main
products
are Laika Knowledge Base and Laika Concierge.
L
a
i
k
a
D
a
t
a
r
o
o
m
is to be released in the near future. The products are offered under two subscription plans, starter, and growth.
Zeguro
Zeguro
is located in San Francisco, California. Its products are focused on small and medium-sized businesses with revenues of less than $100 million.
The company had one round of
funding
in 2018, although the investors have not been disclosed.
Currently, Zeguro employees,
79
staff, and has an estimated revenue of
$15.8 million
.
Other Competitors
Other
competitors
in this area include
A
u
d
i
t
b
o
a
r
d
, SAI360, LogicGate, SAP GRC, and
A
u
d
i
t
b
o
a
r
d
.
Summary
An initial review of the software security services of third party vendors market did not immediately provide an estimate of its size. Most of the reports covered
c
y
b
e
r
s
e
c
u
r
i
t
y
as a whole rather than specialist aspects of it. It may be that this information is not readily accessible.
There are several competitors in this area. We have completed a superficial review of the three provided. There seems to be a reasonable amount of information available publicly concerning this aspect of the research.
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