PALO ALTO, Calif., Feb. 12, 2016 /PRNewswire/ -- MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Apps, today announced that the company has been recognized as a Leader by Forrester Research Inc. in The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2016 report.
MetricStream has scored the highest of all vendors in terms of the current offering category, which includes the criteria of content management, risk and control management, data management, GRC management and analytics, audit management, GRC breadth and depth, and technical functionality.
Today's business and government leaders are focused on understanding and managing unprecedented complexity and volatility, vast and distributed 3rd party ecosystems, the increasing volume and velocity of risks, mounting regulatory pressures, sophisticated cybersecurity threats, and the rapid adoption of cloud, big data, and social technologies. According to the report, "The GRC market is growing because more risk management professionals see GRC platforms as a way to address their top challenges of complexity and scale. They increasingly trust GRC platform providers to act as strategic partners too, although the vendors could do much more to offer industry-specific and domain-specific insight."
According to The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2016 report, "MetricStream is pushing GRC boundaries, focusing on the platform and its partners. MetricStream's platform exhibits a very large number of use cases across diverse industries such as energy, healthcare, insurance, food and beverage, and automotive."
"We are very pleased to be cited as a leader by Forrester Research," said Shellye Archambeau, CEO of MetricStream. She continued, "In our opinion, the report validates the completeness of our offering, company strategy, and vision of Pervasive GRC. MetricStream is unwavering in its commitment to empower organizations and governments to lead with GRC, which means preserving integrity, protecting reputation and brand, and providing the regulatory and risk intelligence needed to drive exceptional performance."
"We believe that the report is an exceptionally strong validation from Forrester, highlighting our focus on platform and product innovation, as well as our expansive partner ecosystem," said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, "Most MetricStream customers are adopting GRC platform strategies that solve their immediate pain points but also lay the foundation for effective medium and long-term management of governance, risk and compliance.''
MetricStream customers are seeing highly accelerated time-to-value in their investments in the short-term through packaged apps, as evidenced by a vast majority of highly satisfied customers implemented in 2015. Also, in the last year, MetricStream's revenue from its existing customer base grew by more than 100% compared to the previous year. These customers have continued to broaden their usage of the platform, adopt more applications, and leverage GRC Journey®, and that serves as the strongest validation of strong customer relationships and execution.
MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).
Phone: US: +1 (925) 451-1468
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/independent-research-firm-cites-metricstream-as-a-leader-in-governance-risk-and-compliance-platforms-300219003.html
SOURCE MetricStream Inc.