Risk Wizard
Risk Wizard is an Australian SaaS vendor selling integrated risk, compliance, and incident management software — built on ISO 31000, 19600, and 27035 — to mid-market and enterprise customers across education, government, financial services, healthcare, utilities, and not-for-profit verticals in Australia, New Zealand, the UK, and the US.
- Company typePrivate
- Founded2004
- HeadquartersMelbourne, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Risk Wizard does
Risk Wizard is an Australian software company that delivers integrated risk, compliance, and incident management software to mid-market and enterprise customers across education, government, financial services, utilities, healthcare, professional services, and not-for-profit verticals. Founded circa 2000 and headquartered in Melbourne with a Sydney data-hosting footprint, the firm sells primarily into Australia and New Zealand with stated presence in the UK and the US. The platform is positioned as a replacement for spreadsheet-based and legacy risk management processes, offering automated workflow, audit-ready reporting, and configurable dashboards.
The product suite comprises three configurable modules — Risk Software (aligned to ISO 31000, using a consequence-and-likelihood matrix to capture and rate risks via web forms), Compliance Software (aligned to ISO 19600, with automated scheduling, real-time activity monitoring, and reminder workflows for compliance tasks and inspections), and Incident Software (aligned to ISO 27035, supporting real-time logging, alerts, and remedial-action workflows for workplace incidents and hazards). Modules can be sold individually, paired, or packaged as an integrated platform. The technology is cloud-native, hosted on Amazon Web Services with ANZ data residency in Sydney across three replicated sites and Glacier-based archival; development is performed on Microsoft Azure virtual servers in Melbourne. Security features include SAML2.0 single sign-on across Azure AD, Okta, and Google Workspaces, role-based access with record-level permissions, and infrastructure certifications including ISO 27001 and SOC inherited from AWS.
The revenue model is an annual subscription, billed per product and per full (core) user, augmented by professional services for onboarding and training (Administrator, User, and Report Designer sessions). Distribution is sales-led with 30-to-60-minute online demos, 30-day trial sites, and four-to-six-week pilot engagements that require no IT involvement. Indirect reach is built through a three-tier channel program: Business Associates for joint submissions, Finder's Fee referrals, and Software Distributors that white-label and run managed services for SMEs. Named customers include Wake Forest University, VicHealth, Maroondah City Council, Clayton Utz, JBWere, Morningstar, Hyundai Capital, Seqwater, TASRAIL, Sportsbet, and Arts Centre Melbourne, with no public revenue, funding, or headcount figures disclosed.
Risk Wizard firmographics
Firmographics- Name
- Risk Wizard
- Legal name
- Risk Wizard Pty Limited
- Website
- https://riskwizard.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Risk Wizard is an Australian SaaS vendor selling integrated risk, compliance, and incident management software — built on ISO 31000, 19600, and 27035 — to mid-market and enterprise customers across education, government, financial services, healthcare, utilities, and not-for-profit verticals in Australia, New Zealand, the UK, and the US.
- Ownership category
- akta.pro rank
Risk Wizard industry classification
Industry- Product category
- Risk Management Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Risk Management (ERM), Operational Risk & Business Continuity (BPAEAPAJ)
Keywords
Where Risk Wizard is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Risk Wizard business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Subscription: Annual subscription fee based on which products are chosen (Risk, Compliance, Incident) and number of full (core) users. Price quoted includes all software features, upgrades and support.
- Professional Services: Onboarding and support services delivered remotely. Training covers Administrator, User, and Report Designer sessions. Refresher and upgrade training available throughout the year.
- Channel Partner Revenue: Partners earn annual commission on introductions rendered (Finder's Fee) or annual commission plus service income (Software Distributor). Partners can pass commissions to clients as rebates or retain them.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Per product, per user pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Risk Wizard product offering
Product offeringCore offering
Risk Wizard provides a cloud-based integrated risk management software platform sold as three complementary products: Risk Software (online risk assessment using consequence and likelihood matrices per ISO 31000), Compliance Software (compliance monitoring and breach tracking per ISO 19600), and Incident Software (real-time workplace incident logging and remedial action tracking per ISO 27035). The products can be purchased individually, paired, or packaged as one integrated system, and are delivered as annual SaaS subscriptions hosted on AWS with no IT installation required.
Product overview
Risk Wizard offers a unified integrated risk management software platform consisting of three complementary products: Risk Software, Compliance Software, and Incident Software. These products can be purchased individually, paired together, or packaged as a complete integrated risk management system. Risk Software provides online risk assessment following ISO31000; Compliance Software delivers compliance monitoring following ISO19600; and Incident Software enables incident tracking following ISO27035. The platform is cloud-hosted on Amazon Web Services (AWS) with data centres in Sydney for Australian/New Zealand customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Risk Wizard Platform Integrated risk management software platform combining risk assessment, compliance monitoring, and incident management in a unified cloud-hosted system. Products can be purchased individually, paired, or packaged together. Targeted at organizations replacing Excel-based or legacy risk registers.
- Risk Software Online risk assessment software providing an automated framework for capturing, prioritising and managing business risks such as strategic, operational or enterprise risks. Users capture risks via web forms and assess risks using a consequence and likelihood matrix which generates a risk assessment rating. Follows ISO 31000 and best practice guidelines. For risk managers and ERM teams.
- Compliance Software Cloud-based compliance management software supporting a robust process for monitoring and managing compliance tasks and breaches in real time. Automatically schedules compliance activities and sends reminders for workplace health and safety inspections, quality management checks, or risk reviews. Follows ISO 19600 and best practice guidelines. For compliance officers and management.
- Incident Software Online incident management solution for tracking workplace accidents, near-misses and hazardous events in real time. Sends automatic alerts when incidents are logged, enables assignment of remedial actions and investigations, and supports OH&S workflow across facilities. Follows ISO 27035 and best practice guidelines. For OH&S teams and facility management.
Quantifiable outcome
- Save time, effort and free up resources compared to Excel and older, inflexible systems
- +3 more outcomes
Companies that use Risk Wizard
Customer profileNamed customers21 records
Segments7 records
Ideal customer profiles1 record
Risk Wizard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature9 records
Risk Wizard partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and supporting.
- Amazon Web Services (AWS)coreRisk Wizard's preferred hosting platform provider. AWS provides cloud computing services including Amazon EC2 for compute capacity, Amazon S3 for data backup storage, and Amazon Glacier for archiving. Data centres are built in clusters with multiple Availability Zones for redundancy. Australian/New Zealand data stored in Sydney.
- Microsoft AzurecoreRisk Wizard's software development team uses secure Microsoft Azure cloud-based virtual servers based in Melbourne for development and testing environments.
- SAML2.0 Identity Providers (Azure AD, Okta, Google Workspaces)supportingSupports cloud-based single sign-on (SSO) integration with identity providers that support SAML2.0 standard including Azure AD, Okta, and Google Workspaces.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Risk Wizard competitors and assessment
Company assessmentDirect peers
- LogicGate: Cloud-based GRC platform with risk, compliance, and incident workflows targeting mid-market enterprises — peer in modular GRC architecture and similar mid-market buyer profile.
- Resolver: Cloud-native GRC (risk, compliance, incident) software vendor now part of Kroll, serving mid-market and enterprise customers globally with integrated risk assessment, incident management, and audit workflows — directly competes on integrated GRC suite positioning.
- SAI360: Integrated risk and compliance platform covering enterprise risk, operational risk, third-party risk, and incident management — comparable integrated GRC suite sold into mid/large enterprises globally.
- AuditBoard: Cloud-based audit, risk and compliance platform covering SOX/IT/operational risk and incident workflows — comparable mid-market GRC sale motion and product adjacency.
- Camms: Australian GRC software vendor offering risk, compliance, incident, and strategy execution modules on a cloud platform — direct competitor on product scope, geography (ANZ/Asia-Pacific), and target mid-market/enterprise buyer.
- Protecht Group: Australian-headquartered provider of enterprise risk management and compliance software (Protecht ERM) serving banks, universities, government and enterprises across ANZ and the UK — directly comparable given similar product categories, ISO-aligned risk frameworks, and overlapping ANZ customer base.
Broad incumbents
- ServiceNow GRC: Large-scale platform vendor with an integrated GRC and Integrated Risk Management (IRM) offering alongside ITSM/HR — competes for the same enterprise risk/compliance buyers but sells GRC as one module of a much broader platform.
- Diligent: Governance, risk and compliance platform (with Galvanize/ACL roots) covering enterprise risk, audit, compliance, and board — broad incumbent competing for the board/executive-level risk buyer that Risk Wizard also targets.
- RSA Archer (Regnology): Long-established enterprise GRC/IRM platform (now under Regnology/ONIX) — broad incumbent offering deep operational risk, compliance, and incident functionality, typically targeting larger enterprises than Risk Wizard.
Emerging players
- Onspring: Cloud-based GRC platform covering risk, compliance, audit, and incident management for mid-market — emerging/no-code-configurable platform with overlapping product capabilities to Risk Wizard, primarily serving North America.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Risk Wizard social profiles
Digital presenceRisk Wizard compliance and trust
Trust signalCompliance2 records
Risk Wizard financial estimates
Financial estimateRevenue estimate
Valuation estimate
Risk Wizard leadership team
Management profileNumber of profiles
Risk Wizard funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Risk Wizard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Risk Wizard
What does Risk Wizard do?
Risk Wizard provides a cloud-based integrated risk management software platform sold as three complementary products: Risk Software (online risk assessment using consequence and likelihood matrices per ISO 31000), Compliance Software (compliance monitoring and breach tracking per ISO 19600), and Incident Software (real-time workplace incident logging and remedial action tracking per ISO 27035). The products can be purchased individually, paired, or packaged as one integrated system, and are delivered as annual SaaS subscriptions hosted on AWS with no IT installation required.
Is Risk Wizard a public or private company?
Risk Wizard is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Risk Wizard founded?
Risk Wizard was founded in 2004. It employs 11 to 50 people.
Where is Risk Wizard based?
Risk Wizard is headquartered in Melbourne, Australia, in the Oceania region.
How does Risk Wizard make money?
Three revenue lines are on record. Software Subscription is the primary driver. The others are professional Services and channel Partner Revenue.
Who are Risk Wizard's main competitors?
Direct peers on record are LogicGate, Resolver, SAI360, AuditBoard, Camms and Protecht Group. Broad incumbents are ServiceNow GRC, Diligent and RSA Archer (Regnology). Onspring is listed as an emerging player.
Does Risk Wizard have an API?
No public API is recorded for Risk Wizard.
What industry is Risk Wizard in?
Risk Wizard's product category is Risk Management Software. Its primary akta.pro industry code is BPAEAPAJ, Risk Management (ERM), Operational Risk & Business Continuity. Its NAICS code is 5132 and its SIC code is 7372.