MetricStream Positioned in the Leaders Quadrant of the Magic Quadrant for Business Continuity Management Planning Software
Assessment based on completeness of vision and ability to execute
PALO ALTO, Calif., Sept. 17, 2013 /PRNewswire/ -- MetricStream, a market leader in Governance, Risk, and Compliance (GRC) solutions, announced that it has been positioned by Gartner, Inc. in the Leaders quadrant of the Magic Quadrant for Business Continuity Management Planning Software1.
"We are delighted to be recognized by Gartner in their Leaders quadrant," said Shellye Archambeau, CEO of MetricStream. "We believe that it reaffirms MetricStream's business continuity expertise, technological innovation, and responsiveness to customer needs. Our strength lies in our ability to help customers build a cohesive framework that links business continuity to Enterprise Risk Management and GRC. This integrated approach strengthens cross-functional collaboration and information-sharing on all business continuity activities, and also provides top-level visibility into risks across the enterprise, so that management teams are well-informed to make the right business decisions."
Many of the world's most reputed companies, ranging from large corporations, to small and medium enterprises, are opting for MetricStream Business Continuity Management (BCM) Solution not only because of its rich suite of capabilities, but also its ability to seamlessly integrate with the larger IT GRC, enterprise GRC, and supply chain governance framework. The solution extends into the supplier and customer ecosystem, consolidating all business continuity management processes in a centralized point of reference, and simultaneously rolling up risk intelligence from across the enterprise in real-time, thereby strengthening strategic decision-making.
According to the report, "The increased need for usable recovery plans of all types, as well as for a consistent and repeatable plan development process, has resulted in increased sophistication in the products. In addition, they now integrate with other BCM products, such as emergency or mass notification service (EMNS) and crisis/incident management (C/IM), GIS/geospatial, IT asset management, change and configuration management database (CCMDB), and more. Mature BCM programs use BCMP products for business and program management analysis, with a goal of building more resilience into the day-to-day business process."
MetricStream's BCM solution is witnessing increasing adoption from a range of industry verticals, including Banking and Financial Services, Energy and Utilities, Life Sciences, and Manufacturing, as well as government agencies. In a spirit of continuous innovation, the company recently upgraded its solution with several new capabilities. The enhanced solution facilitates real-time situational awareness via social media alerts, as well as feeds from authoritative sources such as the Federal Emergency Management Agency (FEMA). It also accelerates crisis responsiveness by leveraging the mobile application capabilities supported by MetricStream GRC Platform, as well as integrating with various third party emergency mass notification services to send out voice mail and SMS alerts.
In addition, the solution incorporates a huge variety of BCM standards and frameworks, including ISO 22301, to help companies build business continuity policies, procedures, controls, reporting templates, and training modules that conform to these standards. Adding further value, the solution offers the flexibility to be implemented through either on-premise or cloud deployment models, suiting each client's time and budget requirements.
1 Gartner Magic Quadrant for Business Continuity Management Planning Software - by Roberta J. Witty and John P Morency, August 26, 2013.
About the Magic Quadrant
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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, Barclaycard US, P&G, Constellation Energy, Pfizer, Philips, United Technologies Corporation, SanDisk, Cummins, and Autogrill 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 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.
Mr. Vinay Bapna
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