MetricStream Positioned in the "Leaders" Quadrant in 2014 Gartner Magic Quadrant for Operational Risk Management
MetricStream has been positioned as a "Leader" in other 2014 Gartner Magic Quadrants including Business Continuity Management Planning Software and IT Vendor Risk Management
PALO ALTO, Calif., Dec. 22, 2014 /PRNewswire/ -- MetricStream, a leading provider of Governance, Risk, and Compliance (GRC) solutions announced today that it has been positioned by Gartner, Inc. in the "Leaders" Quadrant of the 2014 Magic Quadrant for Operational Risk Management1.
"We are delighted that we have been recognized by Gartner," said Gaurav Kapoor, Chief Operating Officer at MetricStream. "Companies today are operating in an increasingly complex, global, virtual, mobile, and social business environment. This has made it all the more challenging for them to gain a clear and real-time picture of their risks. We are committed to helping our customers simplify, streamline, and strengthen their risk management programs in a way that supports better decision-making and drives superior business performance."
Continued Mr. Kapoor, "In the last few years, we have accelerated our traction with new customers, spanning leading Fortune 500 and Global 2000 companies, as well as such as mid-market firms, who find significant value in our simple pre-packaged GRC applications and our secure deployments over the MetricStream GRC Cloud. Customers are also leveraging our Zaplet cloud platform to build and deploy their own GRC apps, which can be easily extended and integrated with other applications. MetricStream continues to put significant focus and investment on R&D to bring new innovations to our customers, spanning quantitative risk analytics, mobility, social media monitoring, the cloud, and big data. Through our expanded offerings, as well as our growing partner network, thought leadership and GRC communities around the world, MetricStream customers are empowered to successfully tackle today's challenges, as well as pursue new opportunities to grow and thrive."
The Gartner reports says, "Operational risk management (ORM) is part of a growing category of corporate GRC software applications that is focused on supporting more formal ORM practices as a key component of a broader enterprise risk management (ERM) program. Gartner defines true ERM as "the strategic and holistic treatment of all organizational risks, including credit and market risks, as well as operational risks."… In fact, GRC software is on par with other critical business priorities, such as R&D and innovation, as well as efficiency and productivity."
MetricStream's risk management applications offer significant value to multiple buying centers and decision-makers in organizations due to its ability to capture, track, analyze, and report holistically on different types of risks. The applications help support the development of a stronger enterprise wide risk management program by aggregating, reporting, and managing operational risks, IT risks, compliance, audits, and issues.
MetricStream Operational Risk Management Application is pre-packaged with critical operational risk management capabilities such as risk and control documentation and assessment, incident management, loss even capture and analysis, risk mitigation action planning, Key Risk Indicator (KRI) monitoring and reporting, and risk quantification and analytics.
MetricStream's complete and sole business focus is GRC, and today remains the only 'independent' GRC vendor in Gartner's Magic Quadrant for ORM. This unique position allows MetricStream to innovate, rapidly develop, and bring to market an extensive range of GRC applications, all aimed at supporting our customers as they continue in their journey towards Pervasive GRC.
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 or other designation. 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.
About MetricStream
MetricStream is a 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's customers include Procter & Gamble, UBS, Societe Generale, Hudson City Savings Bank, Pfizer, Philips, Cummins, Kellogg's, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).
Media contact:
Mr. Vinay Bapna
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1 Magic Quadrant for Operational Risk Management by John A. Wheeler and Paul E. Proctor. 15 December 2014.
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SOURCE MetricStream
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