Lockpath joins BT Radianz community cloud

BT to expand range of applications available to the BT Radianz community

Published on June 13, 2011

LONDON — BT has today announced that it is expanding the scope of applications available to the cloud-based community on the BT Radianz Managed Infrastructure with Lockpath’s Keylight™ platform for governance, risk and compliance (GRC). This is the first of several Software-as-a-Service (SaaS) applications being made available through the BT Radianz cloud to address broader business needs of customers.

Lockpath’s Keylight platform provides U.S. and internationally regulated businesses with a fully automated governance, risk and compliance data reconciliation and reporting process. It consolidates business critical risk and compliance data into a clear, easy-to-use dashboard and provides a single point of control that ensures compliance across the enterprise.

Customers can leverage the security and privacy of the BT Radianz cloud to access the Keylight application, while having the option to simultaneously host data in any of the global BT Radianz Hosting data centers. With the increasing number of financial regulations, the members of the BT Radianz community can benefit from secure, reliable access to an automated compliance and risk management platform provided by Lockpath.

Traditionally, the applications accessible via the BT Radianz cloud have been oriented towards pre-trade, trading and post-trade usage – this move introduces a richer and broader scope of applications readily accessible to the BT Radianz community.

José Antonio Martinez, managing director, Radianz & Payments, BT, said: “The demand for automated solutions to manage governance, risk and compliance requirements has grown significantly since the financial crisis. For many organisations, manual reconciliation and reporting of data is now almost impossible to sustain due to time constraints, resource constraints and tightening regulations.”

“Feedback from our financial community shows that users want access to financial and governance, risk and compliance applications via a single, secure reference point to their organisation,” Martinez added. “We are excited to respond to these market requirements by offering Keylight to the BT Radianz community. Our 15,000 member locations around the world can now access this SaaS based application in a secure, scalable and reliable way.”

Chris Caldwell, CEO of Lockpath, said: “We’ve chosen to work with BT because it offers a scalable environment with a world-class infrastructure that is best suited to hosting our Keylight platform. The transfer of sensitive data is a primary concern for our customers, and the BT Radianz secure managed cloud fulfills this requirement. This deal creates additional functionality and value for both BT’s and Lockpath’s customers by providing a next-generation risk platform that can now be accessed via a trusted environment.”

Lockpath’s Keylight platform is available now through the BT Radianz cloud. BT’s global professional services capabilities can assist customers in the roll-out and implementation of the Keylight platform if desired.

Notes to editor: According to a December 2010 report by Forrester Research Inc. entitled: “Governance, Risk, And Compliance Predictions: 2011 and Beyond”: “Risk management and compliance failures continue to plague the business world…corporate boards and executives want assurance that they will not be the next one caught off guard. The report goes on to say…risk and compliance professionals and the software vendors that support them adapt quickly to meet new requirements….In 2011, vast new regulations and monumental expectations for risk management will help propel GRC programs substantially…”

For further information: Enquiries about this news release should be made to the BT Group Newsroom on its 24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All news releases can be accessed on BT’s website at www.btplc.com/News.

 

BT is one of the world’s leading providers of communications solutions and services, operating in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2011, BT Group’s revenue was £20,076 million with profit before taxation of £1,717 million.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

For more information, visit www.bt.com/aboutbt. 
For more information about BT’s global banking & financial markets division, visit www.bt.com/gbfm.

 

Lockpath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company’s flexible, scalable and fully integrated suite of applications is used by organizations to automate business processes, reduce enterprise risk and demonstrate regulatory compliance to achieve audit-ready status. Lockpath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas.

 

Lockpath Media Contact
Emily Podhajsky
emily.podhajsky@lockpath.com
913-601-4448

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