Listen to this articleBelow is our recent interview with Devin Archer, Senior Director of Channels at Panorays:
Q: Can you provide a brief overview of your company?
A: Panorays is a rapidly growing provider of third-party security risk management software, offered as a SaaS-based platform. The company serves enterprise and mid-market customers primarily in North America, the UK, and the EU, and has been adopted by leading banking, insurance, financial services, and healthcare organizations, among others. We are headquartered in New York and Israel, with offices around the world, and are funded by numerous international investors, including Aleph VC, Oak HC/FT, Greenfield Partners, BlueRed Partners (Singapore), StepStone Group, Moneta VC, Imperva Co-Founder Amichai Shulman, and former CEO of Palo Alto Networks Lane Bess.
Q: What makes your company unique?
A: What sets Panorays apart is our laser focus on third-party security risk management. We provide a specialized, purpose-built platform that enables organizations to assess, monitor, and mitigate risks associated with their third-party suppliers comprehensively. Our unique blend of AI/automation, real-time insights, and customizable assessments empowers businesses to streamline their supplier management processes and proactively protect against cyber threats within their supply chain.
Q: What is your core competence?
A: Our core competence lies in the development and delivery of state-of-the-art third-party security risk management solutions. We excel in automating risk assessments, providing real-time visibility into supplier risks, and enabling organizations to tailor their security questionnaires and assessments according to their specific needs and regulatory requirements. Our expertise in this niche domain allows us to offer a specialized platform that stands out in the market.
Q: What advantage does your company have over its competitors?
A: Our advantage over competitors lies in the comprehensiveness of our Third-Party Supplier Management solution. We offer robust features, such as external network vulnerability scans, asset discovery, real-time monitoring, and the ability to track fourth-party vendor relationships. Additionally, our partnership with HALOCK Security Labs, a renowned risk management and cybersecurity consultancy, provides a unique opportunity to combine deep technical expertise with a centralized supplier management solution. This partnership allows us to offer a holistic solution that mitigates supply chain cyber risks effectively and positions us ahead of competitors in the space.
Q: How would you convince the reader to start using your services?
A: We encourage readers to consider using our services because we provide the most comprehensive and innovative solution for Third-Party Supplier Management. Our platform offers AI-first tools that enable businesses to proactively safeguard themselves against cyber threats within their supply chain. With our automated risk management system, organizations can streamline vendor oversight, effortlessly manage security questionnaires, gain real-time insights, and maintain robust supplier relationships, all from a centralized platform. This approach equips businesses with a competitive edge and instills confidence in today’s ever-evolving cybersecurity landscape.
Q: What’s the best thing about your company that people might not know about?
A: One of the hidden gems about Panorays is our ‘Purpose-Driven’ philosophy. We customize security programs for each client’s distinctive business requirements, ensuring that security measures are aligned with their missions, objectives, and obligations. This approach goes beyond technology and compliance; it is about establishing a strong security foundation that is deeply rooted in understanding the client’s unique needs.
Q: Is there anything more you would like to add or highlight?
A: We are excited about our collaboration with HALOCK Security Labs, and we believe it is a true synergy play that will benefit organizations seeking to enhance their Third-Party Supplier Management. Together, we offer a powerful solution that empowers businesses to build stronger, more resilient supply chains by combining HALOCK’s innovative risk management services and deep technical expertise with Panorays’ centralized Third-Party Supplier Management solution. We are committed to helping our clients navigate the complex landscape of third-party security risk management and cybersecurity.
