October 18, 2023 (DOVER, NH) – Compliance Risk, the only Governance-as-a-Service solution created by MSPs for MSPs, today announced it received a $3.5M investment from Bellini Capital and will be rebranding to Compliance Scorecard by the end of the year.

At a time when compliance is a growing priority for MSPs and their clients, Compliance Risk’s name change reflects how the company’s technology and support simplify compliance, making it easy for MSPs to add the critical offering to the services they provide their clients and to address MSPs’ own governance needs.

Compliance Risk gives MSPs policies and procedures tailored to meet specific regulatory and industry compliance standards. The Bellini Capital investment will help the company expand its product roadmap to introduce additional risk-management and governance modules.

As a former chief technology officer and MSP for over 20 years, Compliance Risk Founder and CEO Tim Golden knows from personal experience that compliance can be intimidating, which is why the company’s services include features to help MSPs efficiently deploy compliance solutions backed by weekly peer group meetings.

📷“Everyone feels pressure from increased regulation, cyber insurance requirements, and the constant threat of a data breach,” says Golden.

“Ultimately, the Governance as a Service we provide enables MSPs to help their clients and protect themselves.”

The Compliance Risk Governance-as-a-Service framework includes:

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• Industry specific policy packs including HIPAA, FTC Safeguard, NIST CSF, and CMMC, with a document library built on decades of experience helping organizations meet government and industry regulations
• Explanatory text that leads organizations through each policy documentation, plus change-control tracking and automated prompts to ensure organizations fulfill annual compliance requirements.
• End-user training and adoption tracking, including e-signatures.
• Weekly MSP compliance focused peer support group, a Slack channel, and a 30-day free trial.

📷Bellini Capital Managing Partner Arnie Bellini says Compliance Risk’s combination of expertise, support, and product put it in a unique position to help MSPs take an important next step. “MSPs need to get busy offering security operations services to their customers,“ Bellini said.

“Their customers are getting hacked, and it is time for MSPs to evolve. With Compliance Risk, MSPs can offer a basic set of security operations services. That puts MSPs on the path toward doubling their revenue.“

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