Chicago, IL -- (ReleaseWire) -- 05/31/2023 -- Fusion Risk Management, Inc. ("Fusion"), a leading provider of cloud-based operational resilience, business continuity, and risk assessment software and services, today announced expanded functionality of its third-party risk management (TPRM) offering. The enhanced solution delivers continuous monitoring of third parties beyond its traditional instance as well as an evaluation of potential operational and business impacts that those third parties may have. This functionality enables a holistic and real-time view of third-party ecosystem health which improves decision-making and response times in order to transform how third-party risk teams anticipate and manage disruptions.

Organizations continue to face challenges with how they monitor and engage third parties to help enable their product and service delivery. In its 2022 global third-party risk management survey, Deloitte found that 73% of survey respondents reported a high level of dependence on third parties to operate and 87% faced a disruptive incident with third parties in the past three years. Due to the potential risks involved, 70% want to integrate TPRM processes to drive preparedness.

Created in response to market and customer demand to drive enterprise resilience as well as meet regulatory and compliance mandates such as the Digital Operational Resilience Act (DORA), Fusion's TPRM features enable organizations to manage and react to third-party risks by using real-time data and alerts. Organizations can also continuously monitor critical third parties and better understand their potential impact on core services and products, proactively identifying and mitigating issues that may arise.

The new features help organizations perceive all third parties, including 'off the radar' vendors, for an understanding of the role third parties play in performing essential business functions. Comprehensive dashboards encompass financial, business, information security, and cybersecurity health by using a robust data foundation. Added features also reduce reliance on dated questionnaires and enable the ability to segment third parties by services so that teams can focus their risk response on issues that matter most. Organizations can engage in a 360° holistic view of their third-party ecosystem with interactive toolsets to cohesively navigate disruption, understand gaps and vulnerabilities, and enable informed decision-making for true operational resiliency.

By breaking down functional silos for effective TPRM, organizations can streamline risk identification, monitoring, and preparedness to exceed core TPRM requirements as well as sustain critical operations.

"Third parties are an integral part of the enterprise, but many organizations today still operate in silos with a limited ability to share third-party risk information outside of third-party risk teams. Organizations have realized that they need a different approach to risk identification, monitoring, and preparedness in order to shift from siloed vendor management to integrated TPRM," said Eric Jackson, Chief Product Officer, Fusion Risk Management. "Fusion continues to invest in product innovation to ensure that our customers have the most accurate understanding of third-party impacts across their enterprise, can accelerate real-time intelligence, can make the shift to a proactive risk management posture, and are able to thrive through any business disruption."

About Fusion Risk Management, Inc.
Fusion Risk Management is a leading industry provider of cloud-based operational resilience software, encompassing business continuity and disaster recovery, risk management, information technology and security risk management, crisis and incident management, and more. Its solutions empower organizations to make data-driven decisions with a holistic, agile approach and enable them to deliver on their brand promise through disruption. For more information, visit www.fusionrm.com.

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Rolling Meadows, IL -- (ReleaseWire) -- 11/10/2021 -- Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience, risk management, and business continuity software and services, has announced the launch of its Dynamic Response Console, an agile solution which will ultimately transform the way the industry views and executes traditional plan management.

Following the recent launch of Fusion's Scenario Testing functionality, where clients can test and model 'what if' scenarios to measure the impact of different responses, the Dynamic Response Console utilizes the same technology to inform tailored data driven responses to these scenarios. The technology will be particularly useful for large scale events which affect organizations across multiple locations, enabling clients to make better informed decisions based on real-time data, rather than relying on static plans.

"Fusion's Dynamic Response Console was created to give our clients a more efficient way to access the most up-to date, data-driven, agile response actions. We know that static plans can sometimes be stored across different locations, and large run books can take time to sift through – none of which is efficient during a crisis. Leveraging Fusion's Dynamic Response Console will enable customers to quickly visualize the impacts of disruption, immediately understand what actions need to be taken to recover and in what order, allowing them to immediately protect the most business critical applications," said David Halford, Vice President of Continuity Solutions, Fusion Risk Management.

Dynamic Response Console uses the foundational data gathered from a company's static data plans and reorganizes the information in a way that most efficiently informs an up-to-date response. Users are able to review and edit the responses to improve the visualization and adjust the sequence of responses to ensure the most critical applications are recovered first. In the event of a disruption, the system will facilitate action supported by scenario-based, dynamically built responses, bringing to life all the information previously gathered, and then leverage the responses through Fusion's Incident Manager.

Halford continued, "Dynamic Response Console offers the power to create a tailored response based on a particular scenario and impacted asset. For example, if a customer loses a data center, then the system would pull all the specific actions required and associated with that data center, and impacted applications. If they lost a site due to a weather event such as a hurricane, the system would automatically aggregate the relevant plans, allowing the client to quickly and efficiently initiate their response."

Fusion's Dynamic Response Console will be rolled out via three phases, with the first phase launching in November this year. The first phase will enable clients to generate composite responses based on the scenario and impacted assets from plan and procedure data already stored in Fusion. Over the next 1-2 years, phase two and three of Fusion's Dynamic Response Console will ultimately deliver real-time, automatically generated response strategies tailored to specific disruptive events, empowering organizations to think beyond a static crisis management plan and implement a data-driven approach.

For more information, visit www.fusionrm.com.

About Fusion Risk Management, Inc.
Fusion Risk Management is a leading industry provider of cloud-based software solutions for business continuity, risk management, IT disaster recovery, and crisis and incident management. Its products and services take organizations beyond legacy solutions and empowers them to make data-driven decisions with a comprehensive and flexible approach through one system. Fusion and its team of experts are dedicated to helping companies achieve greater operational resilience and mitigate risks within their businesses.

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Rolling Meadows, IL -- (ReleaseWire) -- 09/09/2021 -- Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience, business continuity, risk management software, and IT risk assessment services today announced it has appointed Katie Burgoon as Chief Human Resources Officer (CHRO). Burgoon joined Fusion's Executive Leadership Team and is responsible for talent management, succession planning, organizational and performance management, diversity and inclusion, and learning and development. Burgoon will report directly to Fusion's CEO Mike Campbell.

A seasoned professional, Burgoon has focused on cultivating innovation-led employee culture and development throughout her career and has established an inspiring reputation as a leader in executing strong and effective human resource strategies. Burgoon joins Fusion from Zego, a Vista Equity Partners portfolio company, where she initiated the role of Chief Human Resources Officer. Prior to this role, Burgoon held multiple human capital leadership roles, including Head of People at Cameo and Citadel Securities and EVP, Head of Global Human Resources for Trading Technologies International. She began her career with Infinium Capital Management, where she spent almost a decade managing global human capital. Burgoon received an undergraduate degree from Columbia College and has a master's degree in Sociology from Loyola University of Chicago.

Burgoon is a passionate advocate for driving opportunity for more women in STEM roles and is committed to inspiring the next generation of thought leaders in underrepresented populations. Burgoon's career achievements have been widely celebrated, and she has been included in Crain's Notable LGBT Executives 2018,

Chicago Business Journal's Women of Influence, and Chicago Woman Magazine: Women to Watch.

"At the center of Fusion is our people, who are the reason Fusion has established itself as the leader in operational resilience over the past 15 years," said Michael Campbell, CEO, Fusion. "Fusion is committed to attracting and developing diverse, market-leading industry professionals, and having an executive with Katie's experience join our team will significantly enhance our HR practices. Katie's impressive record of infusing comprehensive human resources initiatives with innovation, energy, and strategic vision will help us extend our shared values and culture and foster a community-focused bond across the company."

"I'm excited to join a company like Fusion that champions trust and collaboration and has focused on building a community that includes its employees, customers, partners, and other industry participants," said Katie Burgoon, Chief Human Resources Officer (CHRO), Fusion. "As Fusion continues to strengthen its leadership position in operational resilience and invest in its people, skills, and technology, I am thrilled to spearhead the human capital strategy, work with Fusion's diverse and talented employees, and build on its 15 years of shared values and culture."

About Fusion Risk Management
Fusion Risk Management is a leading industry provider of cloud-based operational resilience software, encompassing business continuity, risk management, information technology and security risk, crisis and incident management, and more. Its solutions empower organizations to make data-driven decisions with a holistic, agile approach and enable them to deliver on their brand promise through disruption.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Fusion Risk Management's Fusion Analytics platform will provide organizations with enhanced data insights to bolster their resilience posture.

Rolling Meadows, IL -- (ReleaseWire) -- 07/27/2021 -- Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience, business continuity, and risk management software and services, today announced the launch of Fusion Analytics, a new platform capability that provides organizations with enhanced data insights to bolster their resilience posture. Launched during Fusion's annual client conference Solutions21, Fusion Analytics extends the Fusion Framework System and empowers organizations to easily identify risk and predict outcomes to make faster, more informed decisions using data visualization.

Fusion Analytics processes large volumes of data and presents findings with advanced and comprehensive visualizations, charts and dashboards, empowering businesses to utilize the system's data insights, create continuity plans and avoid risks and disruptions. The new platform capability will improve organizations' operational resilience programs with intuitive and predictive data analytics customized for every level of the business. With enhanced, tailored decision experiences, Fusion Analytics creates role-based insights for any team in the business ensuring they make faster, smarter decisions that protect business operations.

The new platform capability enables a simplified and integrated approach to operational resilience. Users are empowered to break down operational silos by compiling all relevant and required data in Fusion Analytics, including from external sources, onto a single platform, eliminating the need for multiple systems and logins. Its collaborative features ensure users can work together in Fusion, update records and share analytics and visualizations with their team and the wider business. The solution also includes mobile capability, providing users with diagnostic, predictive, and prescriptive insights on the go, ensuring they can continue to work with their team from anywhere.

"In today's highly competitive market, businesses must demonstrate they have a robust operational resilience program and can make important, difficult decisions fast, at the speed of business. This especially holds true during times of market turbulence and volatility," said Brian Molk, Chief Product Officer, Fusion Risk Management.

"Fusion has always been committed to listening to our clients to meet their evolving business requirements, and Fusion Analytics was created as a response to client and market need for an intuitive and predictive analytics capability that will empower today's agile workforce," said Cory Cowgill, Chief Technology Officer, Fusion Risk Management. "We are thrilled to offer our clients a market leading solution with Fusion's collaborative and innovative approach to operational resilience at its core."

The new platform capability enhances the Fusion Framework System, Fusion's flagship offering which enables an organization's ability to maintain operational resilience through one singular platform, eliminating separate and disconnected modules across the many areas of risk and resilience, bringing them together under the comprehensive single platform to monitor and maintain operational resilience.

About Fusion Risk Management
Fusion Risk Management is a leading industry provider of cloud-based software solutions for operational resilience, encompassing risk management, third-party risk management, information technology and security risk, business continuity management, and crisis and incident management. Its products and services take organizations beyond legacy solutions and empower them to make data-driven decisions with a comprehensive and flexible approach through one system. Fusion and its team of experts are dedicated to helping companies achieve greater operational resilience and mitigate risks within their businesses. For more information, visit www.fusionrm.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Fusion Risk Management has announced it has been named a leader in The Forrester Wave™: Business Continuity Management Software Q2 2021.

Rolling Meadows, IL -- (ReleaseWire) -- 07/02/2021 -- Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience, business continuity, and risk management software and services, today announced it has been named a leader in The Forrester Wave™: Business Continuity Management Software Q2 2021. The Fusion Framework System™ ranked highest amongst evaluated third party risk management vendors in all three categories; strategy, current offering, and market presence.

The Fusion Framework System delivers a revolutionary structure that eliminates the need for separate modules across the areas of business continuity and risk management and brings them together under the comprehensive umbrella of operational resilience. The Forrester report states: "Fusion Risk Management leads with advanced cloud-native features. The blend of a strong vision to digitally represent your business paired with solid BCM functionality – including creating BIAs, creating and testing plans, and performing crisis management – fuels this leading solution." The report also noted that reference customers "praised the product's customization and their vendor relationship…".

The Forrester Wave™ is one of the industry's most complete and detailed analyses, using a transparent methodology composed of vendor surveys, product demos, and customer reference calls to compare top players in the market. The evaluation highlights Leaders, Strong Performers, Contenders, and Challengers to provide an assessment of the top vendors in the market.

"Fusion is committed to delivering the most comprehensive approach to operational resilience that spans multiple disciplines and leads with strategic preparedness at the core to protect from myriad threats and future challenges," said Michael Campbell, CEO of Fusion Risk Management. "We are thrilled to be recognized by Forrester for our operational risk and business continuity management offering, a holistic solution that has re-imagined resilience and empowered our global customers to maintain continuity through a year of unmatched disruption. More importantly, we are proud of our 15 years of market leadership and dedication to customer success, and we look forward to continuing to work with our global clients as we further evolve our offering, exceed market needs and drive resilience and business continuity into the future."

The full version of the Forrester Wave Report is available here.

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