HiSolutions has announced the launch of a spin-off company, DB3, to develop and sell the governance, risk and compliance (GRC) software HiScout GRC Suite.
The German IT consultancy claimed that DB3 will be dedicated to developing and maximising the potential of the HiScout product, which is module based, enabling it to address the needs of enterprises regardless of whether they wish to address governance risk and compliance on a siloed or holistic basis.
DB3 explained that HiScout GRC Suite is a flexible, web-based platform that brings together modules on information security management, business continuity, risk management and business impact analysis.
It enables users to take a strategic enterprise-wide approach to IT and operational risk management processes and compliance, and can scale to meet the needs of any organisation as it grows.
The executive team at DB3 will include co-managing directors Brigitte Brun, Rolf Irion and Michael Langhoff. Brun will be responsible for strategy and for operational excellence, Langhoff is the chief technical officer responsible for driving technology and development as well as overall operations at DB3. Irion is the channel sales director and will be responsible for developing DB3's sales channel and generating revenue growth.
Langhoff said: “We are dedicated to continuously improving the HiScout GRC Suite in order to deliver the most user-friendly, scalable and efficient tool for managing organisations' GRC needs.
“The in-depth industry knowledge and expertise that we have gained in 15 years of consultancy and five years of software development will enable mid to large sized organisations in the public and private sector to benefit from a comprehensive and flexible product suite that helps them make more informed decisions about managing risk and applying the right levels of investments for the appropriate IT security across their organisations.”
Brun said: “The leadership team is wholly committed to ensuring a product and service of the highest quality to its customers, with the objective of DB3 becoming the leading provider of GRC software in the Germany, Austria and Switzerland region within the next four years.
“Our product HiScout GRC Suite is successfully running in 34 large enterprises in the DACH region. Our experience in Lean Six Sigma and quality management along with a creative business model and trustworthy staff will no doubt ensure the company achieves its long-term objective to become the de facto quality standard for GRC tools in our region.”