DevonWay Emerges As A Contender In The Operational Risk Software Market

Executive Summary

This report forms one in a series covering software providers in the emerging market for operational risk management software. DevonWay, headquartered in San Francisco, was founded in 2005 with a focus on improving operational efficiency and risk management for nuclear facilities. The vendor has developed a configurable platform which provides digital workflows and mobile apps to support work management, quality control, risk and safety management initiatives. Few vendors with a core proposition focused on operational efficiency are targeting the operational risk management opportunity which puts DevonWay in a unique position. The vendor’s ability to digitize complex — and sometimes highly unique — operational processes and support contractor management with usage-based pricing means customers have a platform to improve risk controls through JHA, PHA, permit to work, safety observations and flexible risk analytics.