PALO ALTO, Calif., Jan. 3, 2017 /PRNewswire/ -- MetricStream, a leading provider of Governance, Risk, and Compliance (GRC) Apps, announced today that the company has been positioned in the "Leaders" Quadrant of the December 13, 2016 Gartner Magic Quadrant for Operational Risk Management Solutions Report, authored by Gartner analysts John A. Wheeler and Jie Zhang.
The ORM technology market continues to evolve at a rapid pace, driven by emerging risks, changes in the regulatory environment, and rapid technological innovation. As Operational Risk Management becomes more interconnected with areas like vendor risk, IT and security, regulatory compliance, and other business functions, customers look to MetricStream's unified GRC platform and cloud Apps, functionality, and analytical capabilities to provide a real-time and forward-looking view that enables them to balance risk and opportunity effectively.
MetricStream's Operational Risk Management App can integrate with the rest of its portfolio of 20 GRC cloud Apps to support any number of solutions for customers who have risk management as a critical element in their compliance programs, strategic initiatives, or business performance goals. MetricStream Apps enable large, as well as small and mid-sized organizations to preserve their corporate integrity, protect their brands and reputations, and drive superior business performance. Built using an agile and intuitive system of risk intelligence, MetricStream Apps enable high performing enterprises to navigate the complex and changing business landscape while providing clear direction through predictive and prescriptive analytics capabilities.
According to the report, "Security and risk management leaders are seeking to integrate their risk management solutions to gain a more holistic view of risk across the enterprise. Operational risk management solutions serve as the core element of integrated risk management." The report continues, "The critical capabilities of ORM solutions center on providing business leaders with a more effective means of assessing risk and control effectiveness, identifying operational risk events, managing remediation efforts, and quantifying the associated operational risk exposure across the enterprise."
"We are happy to be recognized once again as a Leader in the 2016 Magic Quadrant for Operational Risk Management Solutions by Gartner," said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, "As markets continue to evolve, and as the velocity and complexity of risk continues to increase, organizations need a governance and risk framework in place in order to understand and act swiftly on the vast amount of operational information available internally and externally."
MetricStream believes this report is a validation of our significant investments in product capabilities around taxonomy, risk assessments, metrics, loss data management, reporting, analytics and modeling, as well as a testament to our strong global execution. The company also believes the report to be reflective of the accelerated adoption of MetricStream Operational Risk Apps and Solutions by many of the largest global financial institutions, as well as dozens of mid-tier institutions over the last year. MetricStream has enabled these organizations to accelerate collaboration between the first, second, and third line of defense, in turn creating more high performing organizations.
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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).
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