Avior provides an enterprise Governance, Risk, and Compliance (GRC) platform that is used across many industries to ease the pain and cost of a manual, typically spread sheet based, compliance process. Avior BenchMark and ClearView are focused on automating the compliance assessment process, remediation and automatically mapping results into multiple regulations, frameworks, standards, controls and policies. Avior's solutions provide superior compliance assessment capabilities coupled with deep domain expertise and prebuilt mappings. Our solutions are complementary to other broad GRC solutions.
According to AMR Research, total spending by corporations on Governance, Risk, and Compliance initiatives approached $30B for 2007, including expenditures for technology, services, and headcount. Of this, spending on Operational and General Risk Management was $1.9B, while spending on Security and Privacy was also estimated to be $1.9B. Avior’s solutions enable corporations affected by compliance regulations in these and other areas to significantly reduce their spending on services and labor.
The enterprise GRC software market that Avior operates in is a high-growth opportunity. Gartner estimated that in 2009, annual worldwide software spending on governance, risk, and compliance software totaled over $14 billion.