Sydney firm claims 'world-first' with GRC platform

Sydney-based HyperGRC has announced a new composable architecture for its governance, risk and compliance (GRC) platform.

The company has opened all application programming interfaces (APIs) within the platform and is now offering a free tier for the core risk management module.

HyperGRC said the change positions it as "the world’s first and only composable GRC platform," which allows organisations to integrate GRC processes with diverse business systems, cyber security tools, point solutions and other GRC platforms.

"We are thrilled to share this significant milestone in our journey toward revolutionising the GRC industry," said David Vohradsky, CEO of HyperGRC.

"Our open APIs and embrace of composable architecture represent a direct response to the evolving needs of our customers. We understand that GRC is integral to an organisation's overall business strategy."

"By embracing composability and interoperability, we empower our users to seamlessly integrate their GRC platform with existing systems and workflows, including cybersecurity, third-party risk management, and compliance tools.

"Our Oracle partnership and integration with industry leader Cohere further enhances our offering, providing unparalleled performance, security and scalability, coupled with cutting-edge AI capabilities."

HyperGRC said its composable architecture allows customers to customise their GRC to align with industry or regulatory demands, as well as improve collaboration between departments and stakeholders.

"As we continue to push the boundaries of innovation in the GRC space, our focus remains on empowering our customers and the wider GRC community," said Vohradsky.

"With our HyperGRC organisations can harness the full potential of a composability architecture, not just within their GRC platform but across their entire ecosystem of enterprise, IT and cyber solutions. We believe this level of interoperability will drive digital transformation and enable businesses to thrive in an era of constant change."