PALO ALTO, Calif., July 19, 2016 /PRNewswire/ -- MetricStream, a leading provider of Governance, Risk, and Compliance (GRC) Apps, announced today that it has entered into a strategic partnership with Loop Security, Australia's leading Information Security company, to deliver world-class software solutions and services in the area of Governance, Risk, Compliance and IT GRC.
Loop Security has vast knowledge and expertise in delivering cybersecurity, managed services, and technology consulting services, coupled with a deep understanding of the top issues and risks facing organizations across the Australia and New Zealand region. Together, MetricStream's market leading GRC solutions and Loop Security's understanding of the client landscape will help organizations improve their cybersecurity risk posture and enhance compliance with new and continuously evolving regional and global regulations.
"The Australia and New Zealand economy is increasingly impacted by changes in global markets, and burdened by complex international regulations and mandates which continue to proliferate in industries spanning Healthcare, Financial Services and Retail. As organizations look to the future, it is important that they focus their efforts now on building strong risk management, comprehensive compliance, and collaborative quality management programs," said Mr. Patrick Butler, CEO of Loop Security. He continued, "We are delighted to partner with MetricStream, and believe their GRC and quality management solutions will help organizations across the region build world-class GRC programs that improve business decision-making and drive business performance."
"Organizations around the world are focused on understanding and addressing new and emerging threats which can cause significant financial and reputational damage if not properly managed," said Mr. Rohit Bedi, Senior Vice President of Global Partnerships and Channels at MetricStream. He continued, "MetricStream helps our clients tackle these challenges head-on by enabling them to derive actionable risk intelligence that supports sound decision-making and drives superior business performance. Our partnership with Loop Security will ensure that we are able to deliver best in class GRC software and services that address the needs of the Australia and New Zealand market."
"IT security and GRC automation spend in Australia and New Zealand is rising; a tell-tale sign of the mounting regulatory burden, as well as the rise of cybersecurity incidents over the last few years," said Mr. Sudeep Chatterjee, Senior Director of APAC Partnerships and Channels at MetricStream. He continued, "MetricStream's cutting edge GRC platform and industry leading GRC applications, combined with Loop Security's infrastructure and security expertise, will help leading organizations in Australia and New Zealand strengthen their IT risk posture, protect their brands and reputations, and ensure their market leadership today and into the future."
In order to ensure success for its customers, MetricStream is focused on continuous innovation and investment across the MetricStream GRC platform and applications. Today, MetricStream apps are leveraged by over 350 organizations worldwide across industries. MetricStream's mission is to enable our customers to preserve their corporate integrity, protect their brands and reputations, and drive superior business performance through GRC that is simple, pervasive, and delivered in the cloud or on-premise. MetricStream has been consistently rated as a market leader by leading analysts, and has received several awards and recognitions for product innovation and customer success.
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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