ATLANTA--(BUSINESS WIRE)--The executive leadership of Virima Technologies, Inc. announces the acquisition of Santa Clara, CA based Aruvio, Inc. Founded in 2006, Virima develops IT operations management software-as-a-service (SaaS), which enables companies to realize a significant reduction in the total cost of ownership of their enterprise-wide IT systems. Aruvio, founded in 2011, is a leading innovator of governance, risk and compliance (GRC) SaaS solutions.
Virima was founded by serial technology entrepreneur, Palaniswamy “Raj” Rajan, who previously co-founded VerticalOne, eLaunchpad LLC and Vigilar Inc. Prior to co-founding Aruvio, Rajesh Unadkat served as the product manager for risk management software company, Agiliance. Rajesh brings nearly two decades of experience in the areas of GRC, infrastructure architecture, operations, and software development as well as information technology leadership to the combined companies.
“My vision when founding Virima was to develop innovative software solutions that dramatically change the way IT operations avoid and manage risk. The name Virima stands for 'visual risk management.' Today, with the Aruvio acquisition and our EcosystemManager SaaS offering, we have a clear path to fulfill that vision,” said Rajan, founder and CEO of Virima Technologies. “Virima is focused on delivering best-of-breed, next-generation enterprise software with a heavy focus on ease of use and ease of deployment. Add to that our unprecedented low price points, and it’s easy to see how SMEs and enterprises alike will benefit by automating spreadsheet-based processes in IT operations and GRC/audit functions,” continued Rajan.
“Given Virima’s strong leadership, resources, vision and obvious alignment to Aruvio, it was a natural fit for us to join forces,” said Rajesh Unadkat, CEO of Aruvio. “We built our GRC product from the ground up to support more than 900 compliance regulations, frameworks, and standards on an enterprise class infrastructure to serve customers of all sizes. With seamless integration between regulatory frameworks and internal controls, Aruvio GRC helps avoid redundant control testing with ‘test once, report many’ capability that results in tremendous savings for our customers.”
The Aruvio GRC Suite is a complete set of GRC applications, including Compliance Management, Vendor Risk Management, Enterprise Risk Management, Incident Management, and Policy & Training Management, which are easy to use and can be deployed in hours. SC Magazine recently rated Aruvio GRC with five stars for ease of use (http://www.scmagazine.com/aruvio-grc-v22/review/3893/).
“Aruvio GRC is a fantastic SaaS product developed by the extremely talented team led by Rajesh,” added Rajan. “We are very excited to have them as part of the Virima team and, with our focus on fanatical customer support, we expect to scale Aruvio GRC subscriptions aggressively, which start at only $4,999 per year.”
Aruvio will continue to operate as a wholly owned subsidiary of Virima. Unadkat, along with co-founder Reddy Rachamallu, will join Virima’s leadership team.
About Virima
An innovator in accelerated IT Operations software, Virima Technologies develops technology to manage the risks associated with complex IT transformations, including data center consolidation, optimization and cloud migration projects. Virima’s technology approach to IT transformation provides effective alignment of an organization’s IT operations and assets with its business strategy and processes, enabling greater visibility into your IT ecosystem for audit, compliance and ITIL® support functions. The result is IT transformation projects completed faster with significant savings over typical industry approaches. More information is available at www.virima.com.
About Aruvio
Aruvio Inc. provides organizations with enterprise scale, easy-to-use and cost-effective governance, risk, and compliance (GRC) software solutions. Aruvio GRC is built and delivered on Salesforce.com, which is a proven platform for availability, scalability and security. Aruvio offers advanced social collaboration capabilities in addition to easy-to-use process automation features. Aruvio GRC is quick to deploy and easy to use. Aruvio offers free trial and pay-as-you-go pricing to reduce risk and guarantee rapid, proven results for any size organization. For more information, visit www.aruvio.com.
