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ENGAIZ Press Release

ENGAIZ Launches its AI-Driven Integrated Third-Party Vendor Engagement, Relationship, Governance & Risk Management Platform

TORONTO / NEW YORK, June 24, 2020 ENGAIZ a North American technology startup with offices in Toronto and New York has launched a ground breaking AI-Driven SaaS Integrated Third-Party Engagement platform to help enterprises identify and mitigate third-party vendor risks including cybersecurity, data privacy, Regulatory, Financial, Performance, Business Resiliency with innovative, comprehensive risk and relationship management frameworks. The company aims to create true value and help enterprises meet business objectives by effectively engaging, governing and managing risks with third party vendors.

 Digitally transforming organizations are increasingly dependent on third parties of varying sizes. A shift from pure ‘Cost’ focus to a cost plus ‘Shared Risk’ & ‘Value’ focus when engaging with strategic third-party vendors seem to be imminent. This has led us to bring to the market an AI-Driven Integrated Third-Party Engagement Platform that combines Vendor Relationship & Engagement with strong Risk Management” says Jai Chinnakonda, Founder & CEO of ENGAIZ. He further added, “this unique integrated approach is our core differentiator.”

IDC has recently published a Technology Spotlight Report on ENGAIZ and per the report IDC believes that with its AI-Driven “Integrated Third-Party Engagement Platform,” ENGAIZ will be able to address many of the third-party governance, relationship and risk management challenges, giving it a significant opportunity to help organizations drive excellence and innovation with their strategic relationships.

The platform delivers a comprehensive approach to third-party vendor risk and relationship management.

  • Strategic Vendor Engagement – ‘Out of the box’ solution to engage and govern Third-Party Relationships
  • Third Party Risk Management – Automated risk management and continuous monitoring to Mitigate Risks
  • Strategic Customer Engagement – A secure third-party collaboration portal to help create value by driving Performance and Innovation

 “Regulatory bodies are introducing legislation that requires organizations to understand and accept their supply chain’s areas of risk, including cybersecurity and data privacy.  This has led to the strengthening of third-party risk management function within organizations.   Failure to embrace a technology solution like ENGAIZ will result in poor risk management practices” says Keith Bowie, a former CIO at a leading financial institution and currently Practice Lead at Fintova LLC  and a research scholar at Columbia University.

ENGAIZ’s content, capabilities can be easily adapted to fit your needs, making it the best solution on the market today. So if your company is in the market for best-practices content, proven risk identification tools, actionable due diligence and risk ratings, or an AI enabled tool that help you manage contracts, costs, performance and drive innovation, ENGAIZ is the platform for you.” says Linda Tuck Chapman who recently joined ENGAIZ’s Advisory Board and is an  Expert, Educator, Author and  CEO of Third Party Risk Institute Ltd.

As part of its launch, ENGAIZ is offering special pricing for organizations looking to quickly stand-up or mature their third-party vendor risk and relationship management program with a market-leading technology solution.

Schedule a Demo or contact ENGAIZ at   

About ENGAIZ Inc.

ENGAIZ is a technology startup that firmly believes that effective “Human-Led Engagement”, powered by AI-Driven technologies will help companies build lasting and mutually beneficial relationships with its third-parties. The company has a two-fold mission.

  • to help enterprise customers effectively engage and govern third-party vendors to strengthen relationship, mitigate risks, control cost, drive performance and innovation.
  • to help third-party vendors move from being a mere vendor to a trusted partner.


Jai Chinnakonda, Founder & CEO

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Read the full 2020 IDC Technology Spotlight Report on ENGAIZ.

Third-Party Governance and Risk Management is becoming a topic at the board-level for many organizations. What is key to preventing that next security breach caused by your vendor partner?

Organizations can no longer limit themselves to a one-time assessment or a point in time assessment. Increasingly, organizations need to engage in continuous risk monitoring to ensure they stay abreast of any changes to the risk profile of their partners.

Breaches originating via partners is a fairly common occurrence. To be successful, organizations need to elevate their game to fully address digital trust in the long run.” Pete Lindstrom, IDC’s vice president of Security Strategies.

This report highlights the importance of an Integrated Third-Party Governance and Risk Management program to help enterprise organizations drive greater value from their third-party relationships by

  • Effective Governance
  • Mitigating Risks
  • Controlling Cost and
  • Driving Service Excellence & Innovation

Download it here.

ENGAIZ is happy to join as a corporate member of International Association of Privacy Professionals (IAPP). The IAPP is the largest and most comprehensive global information privacy community and resource. Founded in 2000, the IAPP is a not-for-profit organization that helps define, support and improve the privacy profession globally.

Read More more about IAPP.

ENGAIZ held its Q4 and 2019 year end Advisory Board Meeting at its Toronto office. Read More

ENGAIZ is happy to announce the launch of its ALPHA release. The company is testing this release with private beta customers to garner feedback and further improve the experience.

The company is on schedule to fully launch in March 2020.