Startups
RedMonocle™: A unique software portfolio management solution
In 2012, Sean McDermott founded RedMonocle. The RedMonocle solution enables companies to effectively manage IT software product sprawl. This enterprise-grade SaaS is implemented by IT organizations that typically have +100 products in their portfolio and expend more than $10 million in software budget.
Legacy of Success
Prior to the founding of RedMonocle, Sean founded RealOps, Inc., the pioneer in enterprise management Run Book Automation solutions (2004). RealOps was acquired by BMC Software in July 2007, representing one of the most successful enterprise management software acquisitions of the year.
About the Solution
The RedMonocle™ Knowledge Base of software products dynamically tracks the offerings from +100 software vendors and provides technical information for more than 600 products. This information includes vendor-supplied specifications and drills down into the function and subfunction layers. A normalized taxonomy of software product capabilities is derived through a combination of market, customer, and SME-based information sources.
Analytics-Driven Portfolio Adjustments
RedMonocle delivers a KPI-based analytics dashboard to display metrics such as software tool deployment scope, usage profile, cost, and product versions. Portfolio efficiency and optimization recommendations are also visualized through the dashboard. Risk factors, including out-of-date product version issues and inadequate software functionality, can be identified in real time.
Software Budget Savings
Our clients indicate a budget savings of up to 15% through the adjustment of software usage and downstream product licensing fees. This savings can total to more than $1 million to $3 million in savings, annually, within enterprise IT environments.
Explanatory Video | Demo Available
Please visit our website: www.RedMonocle.com. Our team has prepared an explanatory video and demo.
In 2012, Sean McDermott founded RedMonocle. The RedMonocle solution enables companies to effectively manage IT software product sprawl. This enterprise-grade SaaS is implemented by IT organizations that typically have +100 products in their portfolio and expend more than $10 million in software budget.
Legacy of Success
Prior to the founding of RedMonocle, Sean founded RealOps, Inc., the pioneer in enterprise management Run Book Automation solutions (2004). RealOps was acquired by BMC Software in July 2007, representing one of the most successful enterprise management software acquisitions of the year.
About the Solution
The RedMonocle™ Knowledge Base of software products dynamically tracks the offerings from +100 software vendors and provides technical information for more than 600 products. This information includes vendor-supplied specifications and drills down into the function and subfunction layers. A normalized taxonomy of software product capabilities is derived through a combination of market, customer, and SME-based information sources.
Analytics-Driven Portfolio Adjustments
RedMonocle delivers a KPI-based analytics dashboard to display metrics such as software tool deployment scope, usage profile, cost, and product versions. Portfolio efficiency and optimization recommendations are also visualized through the dashboard. Risk factors, including out-of-date product version issues and inadequate software functionality, can be identified in real time.
Software Budget Savings
Our clients indicate a budget savings of up to 15% through the adjustment of software usage and downstream product licensing fees. This savings can total to more than $1 million to $3 million in savings, annually, within enterprise IT environments.
Explanatory Video | Demo Available
Please visit our website: www.RedMonocle.com. Our team has prepared an explanatory video and demo.
Overview
Location
United States, Virginia, Herndon
Employees
11-50
Phone
+1 844-946-3927
Founded date
2018
Mentions in press and media 7
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Oct 25, 2021 | RedMonocle Launches “Be the Exception” Program to Offer a Business-centric Strategy for CISOs and Security Leaders | HERNDON, Va. (PRWEB) October 25, 2021 RedMonocle, a leader in SaaS-based cybersecurity risk quantification software, today announced the launch of its “Be the Exception” program designed to help CISOs and security leaders transform challeng... |
| Aug 31, 2021 | RedMonocle Launches “Cybersecurity After Dark” Broadcast | "Cybersecurity After Dark’s mission is to provide actionable risk intelligence and discourse on the next generation of cybersecurity for government and enterprises." HERNDON, Va. (PRWEB) August 31, 2021 RedMonocle, a leader in Saa... |
| Jul 12, 2021 | A path towards end-to-end automation | Customer service bots, digital payroll workflows, fleet management and lest we forget the clever programmer who famously automated his own job -- the uses for and adoption of automation continues to expand. In fact, the automation market is... |
| May 19, 2021 | Why leaders need cyber risk quantification to survive | Risk is all around us. Driving down the road in our car or eating certain foods could be considered risks we assess on a daily basis. We just don’t notice we’re making those assessments because they’re subconscious. Most of the time, we don... |
| Apr 29, 2021 | New platform helps find and fix security blind spots | The pandemic boost to digital transformation last year has brought security into the spotlight as companies have scrambled to shift almost their entire organization to remote operations. It’s more important than ever for businesses to ident... |
| Apr 28, 2021 | RedMonocle Announces New Platform to Help CISOs Find, Fund and Fix Cybersecurity Risk Blind Spots | "CISOs know they have blind spots hidden in their Security Stack. Now, they want to know what to do next and we want to help them get there.” HERNDON, Va. (PRWEB) April 28, 2021 RedMonocle, a leader in SaaS-based cybersecurity risk qua... |
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FAQ about RedMonocle
When was RedMonocle founded?
RedMonocle was founded in 2018.
What has the press written about RedMonocle?
Parsers VC has collected 7 articles mentioning RedMonocle, among them “RedMonocle Launches “Be the Exception” Program to Offer a Business-centric Strategy for CISOs and Security Leaders” (Oct 25, 2021) and “RedMonocle Launches “Cybersecurity After Dark” Broadcast” (Aug 31, 2021).
Is RedMonocle still active?
Yes, RedMonocle is active; its latest activity on Parsers VC dates from Oct 25, 2021.