PALO ALTO, Calif., Sept. 30, 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 Enterprise Governance, Risk, and Compliance Platforms report1.
"We are pleased to be recognized as a Leader in Gartner's Magic Quadrant for the sixth year in a row," said Shellye Archambeau, CEO of MetricStream. "As a company, we are focused intensely on innovation and customer execution, and this recognition reaffirms the strength of our enterprise GRC platform and recognizes the value it provides to customers."
According to the Gartner report, "The EGRC platform market is derived from the need for many entities to improve the oversight of corporate governance — including financial reporting compliance, ERM and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRCM needs associated with corporate governance, and also enable an enterprise to pursue consolidation and integration of a diverse set of operational, IT, legal and finance GRC activities."
In the last year, MetricStream has extended its product leadership by bringing significant innovations to its GRC Platform so that it can serve as the infrastructure to aggregate structured and unstructured data from a vast variety of sources in the enterprise, and deliver risk intelligence and contextual analysis to drive business decision-making. MetricStream GRC Platform orchestrates a wide range of GRC applications throughout the enterprise based on a federated architecture and an integrated taxonomy. This includes MetricStream's best-in-class applications for Enterprise and Operational Risk Management, Audit Management, Regulatory and Financial Compliance, Policy Management, Case and Issue Management, IT-GRC, Business Continuity, Legal and Ethics, Vendor Governance, Quality Management (QMS), Environment, Health and Safety (EHS), and Sustainability Management, among several others.
Beyond these applications, MetricStream AppStudio configuration tool and Zaplet – an open cloud platform and partner ecosystem - enables developers, partners, and customers to quickly extend, build, and deploy specialized GRC applications in response to new and emerging market requirements. Applications for several GRC use-cases such as Social Compliance, Credit Asset Review, 3rd Party Due-Diligence, Conflict Mineral Compliance, AML Compliance, FCPA Compliance, and Social Media Risk Management have been adopted by MetricStream customers.
Innovations in native mobile applications for tablets, big data-based security analytics, cloud technology, content integrations, interactive analytics, reporting and visualization are also key reasons why MetricStream continues to be the preferred GRC vendor for customers - both large enterprise and mid-sized companies.
"Our vision is being validated by customers, as they standardize on and embrace the MetricStream GRC Platform, and become a part of our rapidly increasing user community," said Gaurav Kapoor, COO at MetricStream. "We are firmly committed to our customers and the market – through innovation, entering into new geographies, attracting talent from the industry to better serve our customers, and expanding our ecosystem of partners around the globe."
1Gartner, Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms, French Caldwell, John A. Wheeler, September 24, 2013.
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.
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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