Exostar Named a 2016 “Cool Vendor” by Gartner
Company’s innovative Risk Management solution offers timely support for compliance with emerging government cybersecurity standards.
HERNDON, VA, August 17, 2016 – Exostar, whose cloud-based solutions help companies in aerospace and defense, life sciences, and healthcare mitigate risk and solve their identity and access challenges, today announced it has been named a “Cool Vendor” by leading industry analyst firm Gartner, Inc. Exostar’s selection is evaluated in the Gartner report, “Cool Vendors in Procurement and Sourcing Technology, 2016.”1
Gartner’s report states, “Cybersecurity concerns are driving industry groups and government to define increasingly stringent security standards, with focus on companies and their networks (for example, supply chains).”
Exostar’s risk management solution empowers aerospace and defense contractors like Lockheed Martin, Raytheon, and BAE Systems – and their multi-tiered value chains of subcontractors and suppliers – in their quests to comply with the latest cybersecurity requirements issued by the Department of Defense. Contractors face a 2017 deadline for meeting provisions in the Defense Federal Acquisition Regulation Supplement for handling covered defense information. The provisions incorporate standards defined in Special Publication 800-171 written by the National Institute of Standards and Technology.
The Gartner report continues, “This Special Publication (SP) requirement, which spans 109 individual security controls, mandates major contractor/brand owner flow down of these cybersecurity provisions to all suppliers. This will have ramifications similar to Dodd-Frank Wall Street Reform and Consumer Protection Act provisions regarding conflict minerals traceability (as in, requirements, audits and standardized reports to ensure global multitier supplier compliance involving thousands of suppliers).”
The value of Exostar’s risk management solution extends to contractors – and their subcontractors and suppliers – who work with civilian Government agencies. Upcoming changes anticipated to the Federal Acquisition Regulation will institute similar cybersecurity requirements on entities handling unclassified, yet sensitive, Government information.
“Government understands that its vulnerability to increasingly sophisticated cyber threats spans every link in its supply chain. That’s why we’ll continue to see cybersecurity requirements at the forefront of its sourcing and procurement initiatives,” said Richard Addi, Exostar’s President and CEO. “Demonstrating flow down compliance with these mandates throughout the supply chain is a significant challenge. We believe our Cool Vendor recognition by Gartner reaffirms that our proven risk management solution is an asset every contractor should fully leverage.”
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1 Gartner, “Cool Vendors in Procurement and Sourcing Technology, 2016,” by Desere Edwards, Deborah R Wilson, Nigel Montgomery, Ray Barger Jr, May 9, 2016.