Torii recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for SaaS Management Platforms for its Completeness of Vision and Ability to Execute.
New York, NY – July 15, 2024 – 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.
Here’s what customers had to say on Gartner Peer Insights™ Review:
“Torii: Revolutionizing SaaS Spend Visibility And Management. Torii does everything it claims it can and more. Torii has given us insight into our SaaS spend that we would never have had without it (e.g., Shadow IT). Torii also makes managing our apps, users, and expenses easy with its incredible browser extension, integration capabilities, reporting features, offboarding workflows, license and usage insights, contract details, and custom workflow builder. The people at Torii are just as great as their platform, and they deliver top-notch customer service!” – Senior Operations Administrator, Software Company
“Torii is helping us manage the company’s SaaS applications, the application users, contracts, and expenses. Thanks to Torii, we can now see the users and their usage of those applications, which gives us, the procurement team, a clear overview of the needs and consumption of the employees in the applications, which eventually affects the contract renewal to purchase the correct amount of licenses or services. In addition, Torii supports users’ offboarding processes for IT.” – Procurement Operations Analyst, Software Company
“If you are not using Torii, you are missing OUT! My Overall experience with Torii truly is exceptional, it’s a platform which serves us perfectly for saas upkeep, user offboarding and automations. I really love the User Interface of Torii as it is super easy to use and feels very sleek. Special shoutout to our representative as she is fantastic with service and thorough communication!” – IT Professional, Software Company
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.
