PALO ALTO, Calif. - Saturday, October 13th 2012 [ME NewsWire]
Assessment Based on Completeness of Vision and Ability to Execute Places MetricStream GRC Platform in the Leaders Quadrant
(BUSINESS WIRE)-- MetricStream has been positioned in the Leaders Quadrant in Gartner Inc’s latest Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms report.*
"We are pleased to be positioned in the Leaders Quadrant by Gartner.
For us, it reaffirms MetricStream’s vision and success in providing a
comprehensive GRC platform and best-in-class solution suite for
customers,” said Shellye Archambeau, CEO at MetricStream. "Market
developments such as the demanding regulatory environment, escalating
enterprise risks, and rapidly emerging risks from the cloud, social and
mobile technologies, compounded by IT security-related threats to
business, and complex global supply chains require organizations to have
superior risk intelligence to drive business performance. At
MetricStream, we continue on our path of product and technology
innovation to ensure that we can provide the deepest and widest coverage
of GRC solutions across global markets.”
The last year has been a landmark year for MetricStream in terms of
R&D, market adoption, growth rates, talent acquisition, and global
expansion. Some of the world’s largest corporations and most well-known
brands as well as several small and medium enterprises use MetricStream
GRC Platform and market leading solutions for Enterprise and Operational
Risk Management, Audit Management, Regulatory, Financial, and Corporate Compliance,
Policy Management, Regulatory Change Management, Case and Issue
Management, IT-GRC, Business Continuity, Legal GRC, Supplier
Governance, Quality Management (QMS), Environment, Health and Safety (EHS), and Sustainability Management.
As an example of providing true coverage to a wide spectrum of the
market, one of the Global 50 companies retired more than 20 different
applications with the MetricStream platform. Another Global 100 company
is deploying MetricStream solutions across seven different functional
areas with more than 200,000 users worldwide. While these are examples
of sophisticated enterprise deployments, MetricStream has also, in the
last year, deployed the latest version of its platform and products at
several large and mid-sized companies within periods ranging from three
weeks to three months. In doing so, the company has significantly
reduced time-to-value for clients, and consistently ensured on-time and
on-budget delivery through on-premise as well as cloud deployment
models.
Specialized solution offerings to meet industry specific functional,
content, and reporting requirements have established MetricStream as the
preferred GRC partner for companies in Banking & Financial
Services, Insurance, Energy & Utilities, Healthcare, Manufacturing,
Consumer Goods, and Retail.
According to the report, "Instead of acquiring separate solutions for
finance, IT and other business units, many enterprises are choosing to
use a single EGRC platform and, when necessary, integrating the many
point and functional solutions to satisfy specific GRC needs. Reporting
and managing through a single platform potentially give executives,
auditors and managers a holistic view of the enterprise's risk and
compliance postures, as well as views sorted by requirement, entity and
geography.”
As enterprises place strategic focus on enterprise risk management,
MetricStream continues to witness significant adoption of its GRC
platform to align Business, IT, and Security risks through a common and
flexible information model that enables greater collaboration as well as
improved visibility across governance programs. MetricStream has been
making significant enhancements to its AppStudio to simplify set-up and
configuration, and thereby accelerate solution implementation. The
company is also developing innovative offerings for advanced mobility,
advanced analytics, visualization and intelligence, structured and
unstructured data management, and cloud governance.
"Most organizations are steadily moving away from point solutions, and
embarking on the path of convergence of their different GRC
requirements. MetricStream brings together a strong advisory ecosystem,
as well as regulatory, business, IT, and risk content and a
well-packaged solution suite serving several industries and functional
groups,” said Gaurav Kapoor, COO at MetricStream. "We are delighted that
our vision of creating a true GRC platform company with a high focus on
R&D and market responsiveness is being unanimously recognized by
our customers, partners, analysts, and shareholders.”
* Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance
Platforms – by French Caldwell and John A. Wheeler, October 4, 2012.
About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk,
Compliance (GRC) and Quality Management Solutions for global
corporations. MetricStream solutions are used by leading corporations
such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE
Systems, SanDisk, Cummins and Sonic Automotive in diverse industries
such as Financial Services, Healthcare, Life Sciences, Energy and
Utilities, Food, Retail, CPG, Government and Manufacturing to manage
their risk management, quality processes, regulatory and
industry-mandated compliance and corporate governance initiatives, as
well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.
About the Magic Quadrant
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. 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.
Contacts
MetricStream
Mr. Vinay Bapna, 650-620-2955
pr@metricstream.com
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