Compliance Scorecard Strengthens Offerings with PrivacyMSP Acquisition

Compliance Scorecard Expands Services Through Strategic Acquisition

Compliance Scorecard™, a prominent Compliance-as-a-Service (CaaS) platform crafted specifically for Managed Service Providers (MSPs), has just taken a significant step to enhance its service offerings with the acquisition of PrivacyMSP. This specialized consulting firm focuses on helping businesses navigate the complexities of compliance and risk management, particularly in meeting privacy regulations.

Leadership Changes and Strategic Division Creation

As a part of this acquisition, the founder of PrivacyMSP, Brian Blakley, will assume the role of Chief Risk Officer at Compliance Scorecard. Brian will spearhead the new Professional Services Division, aimed at delivering customized service packages tailored to facilitate MSPs through their unique compliance journeys. This move signifies Compliance Scorecard’s commitment to offering comprehensive support and service to their clientele, ensuring that the businesses stay ahead of regulatory changes.

New Tailored Professional Services

The Professional Services Division will introduce three key service models designed to meet the diverse needs of MSPs. These packages include:

• Comprehensive Managed Services: Where compliance experts from Compliance Scorecard take the helm, fully implementing and managing compliance strategies for the MSP's clients.
• Empowered Self-Guided Solutions: This option equips MSPs with essential tools and expertise, empowering them to independently handle their compliance initiatives.
• Collaborative Partnership Model: A synergistic approach where Compliance Scorecard collaborates closely with the MSP, blending their resources with external expertise to optimize compliance programs.

Commitment to MSP Success

The integration of PrivacyMSP under Brian’s leadership fortifies Compliance Scorecard’s resolve to assist MSPs in navigating compliance, risk management, and governance. With over 25 years of extensive experience in IT, information security, data privacy, and compliance, Brian aims to lead a selection of professional services that empower MSPs to scale and refine their compliance frameworks through adaptable models that suit their operations.

Tim Golden, founder and CEO of Compliance Scorecard, expressed excitement regarding this acquisition, stating, “We are thrilled to welcome PrivacyMSP into our family, as it brings Brian's expertise to the forefront of our professional services. This acquisition marks a profound advancement in our efforts to empower MSPs in developing their own CaaS offerings. As MSPs encounter growing regulatory demands, our aim is to make compliance not only manageable but also a catalyst for business growth.”

Enhancing Compliance Capabilities

Moreover, acquiring PrivacyMSP amplifies Compliance Scorecard’s potential to deliver specialized services that focus on privacy compliance and data protection. With a foundation that includes policy management, compliance assessments, and customizable reporting, these new service offerings will enable MSPs to effectively scale their compliance proficiencies and address the evolving requirements of their clients.

MSPs can expect to leverage the enhanced professional services from Compliance Scorecard for various functions, including audit preparations, risk assessments, policy development, and incident response strategies, all while ensuring adherence to industry standards such as HIPAA, GDPR, NIST, CMMC, SOC2, ISO, and others.

Ensuring Client Success

Brian Blakley also noted the flexibility of these offerings, asserting that they are designed to accommodate MSPs of varying sizes, ensuring that every MSP can provide comprehensive compliance services to their clients—whether they require hands-on support or merely expert advice. The goal is to help MSPs turn compliance into a noteworthy competitive advantage in the marketplace.

About Compliance Scorecard

Compliance Scorecard has established itself as a frontrunner in the governance, risk, and compliance domain for MSPs. Emphasizing a security-by-design philosophy, the platform focuses on simplifying compliance management, facilitating MSPs to manage client relationships while protecting themselves and their clients. The platform boasts a variety of features, such as policy management, risk registers, asset oversight, and integration capabilities with platforms like SharePoint, enhancing the user experience for MSPs handling multiple clients.

Frequently Asked Questions

What is the significance of Compliance Scorecard’s acquisition of PrivacyMSP?

This acquisition enhances Compliance Scorecard's ability to offer specialized compliance and governance services tailored for MSPs.

Who is Brian Blakley?

Brian Blakley is the founder of PrivacyMSP and will now serve as Chief Risk Officer at Compliance Scorecard, leading the new Professional Services Division.

What are the new service offerings introduced by Compliance Scorecard?

The new offerings include comprehensive managed services, empowered self-guided solutions, and a collaborative partnership model.

How does this acquisition benefit MSPs?

MSPs will have access to enhanced compliance solutions, expert guidance, and tools to manage their compliance programs effectively.

What standards will MSPs align with through Compliance Scorecard services?

MSPs can ensure compliance with standards like HIPAA, GDPR, NIST, CMMC, SOC2, and ISO through the platform’s offerings.

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