PALO ALTO, Calif., Oct. 18 /PRNewswire/ -- MetricStream, the leading provider of Governance, Risk and Compliance (GRC) solutions, today announced it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the 2010 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms."(1)
"We believe MetricStream's position in the Leaders quadrant by Gartner accurately reflects our ability to deliver unmatched GRC platform capabilities to address a vast array of business risks and compliance requirements in an integrated manner as organizations worldwide seek to build a robust governance architecture for sustainable business performance," said Shellye Archambeau, CEO at MetricStream.
The demand for MetricStream GRC solutions continues to grow with some of the world's largest corporations using MetricStream to automate, simplify, integrate and increase the efficiency of audit, risk and compliance programs. MetricStream is also leveraging content-driven intelligence and collaboration for enterprise-wide GRC, linking users across the extended corporation to maximize business performance and get the most value out of GRC programs.
As per the report, "The primary purpose of the EGRC platform is to automate much of the work associated with the documentation and reporting of the risk management and compliance activities that are most closely associated with corporate governance and business objectives. The primary end users include internal auditors and the audit committee, risk and compliance managers, and accountable executives. The key functions of importance to these groups are: audit management, compliance management, policy management and risk management."
MetricStream continues to enrich its core GRC platform and products for Audit Management, Risk Management, Regulatory Compliance, Policy Management, Financial Controls, IT-GRC, Quality Management and Supplier Governance for enabling an integrated GRC strategy. With release of MetricStream GRC Platform 6, MetricStream has delivered significant innovations to enable performance management, improve usability and navigation, enhance scalability and reliability, simplify integration with external system, implement CCM and automated controls, leverage regulatory content and intelligence, deliver advanced analytics and visualization and accelerate application development and configuration.
"By delivering industry-specific solutions, content and functionality for some of the largest global corporations in sectors like banking & financial services, energy & utilities, insurance, healthcare, life sciences, food & beverage and manufacturing, MetricStream has built a solid track record and a reputation for responsiveness to customer needs and market demands," says Gaurav Kapoor, CFO and General Manager at MetricStream.
This Gartner Magic Quadrant for EGRC platforms presents a global view of Gartner's assessment of the main software vendors that should be considered by organizations seeking a technology solution to support the oversight and operation of enterprise-wide risk management and compliance programs, with the overall objective being improvements in corporate governance and the ability to achieve business objectives. MetricStream was one of 18 companies that were analyzed in the report which evaluated governance, risk and compliance (GRC) platform providers on their ability and success in making their vision a market reality.
1. Gartner, Inc. "Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms" by French Caldwell, October 13, 2010
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, Subway, Fairchild Semiconductor, SunTrust Banks, Cummins and Federal Home Loan Banks in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a 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.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
SOURCE MetricStream Inc.