LockPath has announced it has been included in Gartner Inc.’s Magic Quadrant for Business Continuity Management Program Solutions, Worldwide.

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 Chris Caldwell, CEO, LockPath. “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.”