Torii recognized as a Leader in the 2024 Gartner® Magic
Quadrant™ for SaaS Management Platforms for its Completeness of
Vision and Ability to Execute.
Torii, the SaaS management pioneer, proudly announces its
recognition as a Leader in the first-ever Gartner Magic Quadrant
for SaaS Management Platforms. Torii believes this acknowledgment
underscores their innovative approach and dedication to providing a
comprehensive SaaS management platform for IT.
The Gartner report highlights the growing need for businesses to
adopt SMPs to manage their tech stacks. As organizations adopt more
cloud apps, they also face more security risks, shadow IT exposure,
and wasted spending. Comprehensive SaaS management is critical for
organizations to grow while controlling costs, risks, and
efficiency.
In the report, Gartner evaluated Torii and 14 other vendors
against rigorous criteria, to assess each platform’s “Completeness
of Vision” and “Ability to Execute.” Amongst all vendors, Torii was
positioned as a Leader in the Magic Quadrant. In Torii’s opinion,
this recognition is a testament to their vision of becoming the one
software to manage all software as well as its ability to execute
that vision.
Since its founding in 2017, Torii has pushed the boundaries of
what SaaS management can achieve. By focusing on customer needs and
leveraging cutting-edge technology, Torii has developed a platform
that empowers IT teams to discover, optimize, and manage their
entire SaaS ecosystem while automating time-consuming tasks.
“Being named a Leader in the first-ever Gartner Magic Quadrant
for SaaS Management Platforms in our opinion solidifies our
approach to building one software to manage all software,” said Uri
Haramati, CEO and Co-founder of Torii. “We are constantly
innovating with the latest technology to reduce IT burden, allowing
teams to focus on more strategic initiatives and reaffirm their
value within their organizations as technology advisers.”
Innovating for the Future
Torii’s AI-infused platform helps IT teams automate repetitive,
error-prone tasks. One example is Torii’s AI-driven contract
ingestion and parsing. It streamlines contract management by
automatically parsing hidden clauses like auto-renewals and last
cancellation dates. With those insights, IT can build workflows to
automate alerts for upcoming contract renewals and track SaaS
expenses overtime. Additionally, Torii powers license management,
cost-saving recommendations, and offers benchmark data. Features
such as these demonstrate Torii’s mission to provide a platform,
not just for automation, but cost-savings as well.
The platform also simplifies SaaS management with other
AI-powered capabilities, including Torii’s Slack Bot for immediate
data retrieval, automatic merging of multiple user aliases,
application categorization, data aggregation and deduplication, and
the retrieval of app compliance data. These AI-powered capabilities
reduce time to insights and allow IT teams to focus on high-value
tasks.
Torii also offers a no-code Canvas Workflow Builder. This
intuitive interface makes workflows fast to build and easy to
understand. Additionally, Torii’s automations support unlimited
branching so that a single workflow can account for any condition.
The platform’s power and flexibility let any user create tailored
workflows for any SaaS use case without relying on support.
Additionally, the platform offers robust API-based integrations
so IT teams can seamlessly connect and manage their existing tech
stacks, including desktop applications and ITSM systems.
Customer-Centric Approach
Torii’s commitment to excellence goes beyond its platform. The
company’s dedication to customer’s experience has been integral to
its success. Torii ensures its platform aligns with the core needs
of its users through multiple feedback channels. Torii has
consistently been trusted by IT professionals in the SMP market and
grew with dynamic industry trends by listening to customers and
understanding their daily work.
The customer success team offers a hands-on implementation
process and provides dedicated customer success managers to ensure
customers exceed their SaaS Management Goals.
Paving the Future For SMPs
Torii feels that it remains at the forefront of innovation,
continuously expanding its capabilities with new workflow actions
and triggers, API integrations, and features for cost-savings and
renewal management. Recent enhancements include a Yearly Renewal
Summary report designed to help customers optimize their SaaS
investments and plan their tech stacks.
To learn more about the Torii platform, get a personalized demo
or start your free trial today.
Access your complimentary copy of the Gartner Magic Quadrant for
SaaS Management Platforms here.
Gartner Disclaimer:
Gartner, Magic Quadrant for SaaS Management Platforms. Tom
Cipolla, et al, 22 July 2024.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, and
MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or
its affiliates and are used herein with permission. All rights
reserved.
Gartner does not endorse any vendor, product, or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Torii
Torii empowers IT pros to solve modern SaaS challenges at their
source—from Shadow IT to wasted spend and inefficient processes.
Unlike other tools, IT pros rely on Torii to manage their entire
SaaS ecosystem, discovering every SaaS app, optimizing SaaS
investments, and automating SaaS tasks—all in one place. Our
uniquely open platform allows IT to consolidate SaaS systems,
tailor Torii to their company’s evolving needs, and adopt best
practices with ease. Now, IT can stay in the driver’s seat while
securing their company’s sensitive data and empowering every
stakeholder with the insights and actions they need.
Global customers, including Sisense, Hired, Athletic Greens, and
Palo Alto Networks eliminate millions of dollars in wasted
licenses, reduce hundreds of hours spent on manual operations, and
protect sensitive data flowing through known and Shadow IT
applications. Torii is backed by leading venture capital firms
including Tiger Global Management, Wing Venture Capital, Global
Founders Capital, Uncork Capital, Entree Capital, and Scopus
Ventures. Learn more at www.toriihq.com and follow on Twitter
@Torii_hq or LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240724345444/en/
Lauren Whitehead lauren.whitehead@toriihq.com