Evolven Software
Evolven Software, founded by Sasha Gilenson, is a Jersey City-based company specializing in AI-driven change analytics for enterprise IT environments.
Profile
Tracks and analyzes IT system changes to prevent unauthorized modifications and ensure compliance.
Evolven Software, founded by Sasha Gilenson, is a Jersey City-based company specializing in AI-driven change analytics for enterprise IT environments. Initially gaining traction in the late 2010s with its focus on unauthorized change detection, the company carved a niche in compliance-heavy sectors like banking and finance. Its patented machine learning technology analyzes IT changes, reconciling planned versus actual modifications to mitigate regulatory risks under frameworks like SOX, PCI, and GDPR.
Evolven was recognized as a Gartner Cool Vendor in IT Operations and won Red Herring Top 100 North America, though its recent public visibility has waned since its 2019 PR push around unauthorized change solutions. The company targets large enterprises struggling with IT compliance, particularly those under strict audit requirements. While its revenue trajectory isn't publicly disclosed post-2019, Evolven's exhibitor presence at Gartner conferences through 2026 suggests ongoing market activity, albeit without major funding announcements or acquisitions in recent years.
Who buys this
- Large banks and financial institutions under strict regulatory scrutiny
- Enterprises with complex IT environments requiring audit trails
- Healthcare organizations managing HIPAA compliance
- Energy companies subject to NERC standards
- Multinational corporations adhering to GDPR
Strengths and what to watch
Strengths
- Patented machine learning for change risk prioritization, reducing false positives in compliance audits
- Deep integration with regulatory frameworks (SOX, PCI, HIPAA) out of the box
- Gartner-recognized AIOps capabilities since 2019, with continued conference presence through 2026
Watch for
- Limited recent public updates on customer growth or product evolution since 2019 peak
- Heavy reliance on compliance-driven sales cycles, vulnerable to regulatory shifts
- No disclosed funding rounds or partnerships since its early 2010s awards period
Key Information
- Founded
- 2007
- Employees
- 46
- Headquarters
- Jersey City, USA
- Country
- United States
Frequently Asked Questions
What does Evolven Software do?
Evolven provides AI-powered change analytics for enterprise IT, detecting unauthorized modifications to ensure compliance with SOX, PCI, GDPR, and HIPAA. Its patented machine learning technology reconciles planned versus actual changes, particularly serving regulated industries like banking and healthcare. (45 words)
How does Evolven detect unauthorized IT changes?
The software uses machine learning to analyze system modifications against compliance baselines, prioritizing risks and reducing false positives. It automatically tracks deviations in complex IT environments, helping enterprises maintain audit trails for frameworks like NERC and SOX. (42 words)
Which industries use Evolven's compliance software?
Primary customers include banks under SOX scrutiny, healthcare organizations managing HIPAA, energy companies meeting NERC standards, and multinationals handling GDPR. The solution targets enterprises with strict audit requirements and complex IT infrastructures. (43 words)
Has Evolven received industry recognition?
Yes, Evolven was named a Gartner Cool Vendor in IT Operations and won Red Herring Top 100 North America. The company maintains exhibitor presence at Gartner conferences through 2026, indicating continued market activity despite fewer public updates post-2019. (47 words)
What compliance frameworks does Evolven support?
The platform offers out-of-the-box integration for SOX (financial reporting), PCI (payment security), HIPAA (healthcare), GDPR (data privacy), and NERC (energy standards). Its AI models are specifically tuned for regulatory audit requirements across these domains. (44 words)
Is Evolven still active in the compliance software market?
While public updates diminished after 2019, Evolven continues exhibiting at Gartner events through 2026. The company focuses on compliance-heavy sectors but hasn't disclosed recent funding rounds or major product evolution since its late 2010s peak. (45 words)
Sources
- www.prnewswire.com — 2019 revenue growth claims and regulatory focus
- www.gartner.com — 2026 conference presence indicating ongoing market activity
- www.gartner.com — Continued participation in IT operations events
- www.sec.gov — Indirect context on compliance software market dynamics