Evaluation based on completeness of offering, market potential and strengths in multiple industries
March 21, 2014 Palo Alto, California: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) solutions, announced that it has been positioned by Chartis as “Category Leader” in their RiskTech Quadrant™ for Enterprise GRC Solutions - 2014. According to Chartis, “category leaders combine deep domain knowledge in various risk topics with deep technology assets and capabilities. They can demonstrate this by addressing the needs of very large clients with complex risk management and technology requirements, as well as addressing the needs of smaller clients with standardized requirements looking for integrated solutions from a single vendor.”
“This report is an update to Chartis’s Enterprise GRC Solutions 2012 report. It covers market trends in depth and provides a revised picture of the competitive landscape for GRC solutions,” said Peyman Mestchian, Managing Partner at Chartis. He continued, “GRC buyers today are seeking solutions that give them more freedom and allow them to construct a solution that serves their own specific needs. Companies that can provide true enterprise GRC solutions are those that have a broad array of technical capabilities and an equally impressive range of support services.”
MetricStream offers an integrated and flexible enterprise architecture and framework that can successfully meet those needs. With a rich solution architecture, and commitment to ongoing R&D and product innovation to meet the evolving needs of the market, MetricStream GRC Platform and solution suite empowers organizations across industry verticals to proactively assess, manage and monitor, varied organizational audit, risk, and compliance requirements.
According to the report, “The MetricStream solution enables companies to adopt an electronic and automated approach to managing assessment of risk across the enterprise.” It notes that MetricStream “enables real-time collaboration and information sharing and provides advanced risk-based intelligence information through built-in integration with an advanced analytics engine”. The report further observes that, “Predictive risk intelligence provides decision support for areas such as capital allocation and increases the visibility of the risk profile. MetricStream provides functionality for detecting emerging risks, including social media monitoring capabilities for risk and compliance management. The solution also provides predictive analytics to predict future outcomes and possible scenarios.”
“We are delighted to be cited as a leader by Chartis,” said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, “This is a strong validation of MetricStream, and our solutions which serve multiple industries including banking and financial services institutions. Our vision of ‘Pervasive GRC’ has guided our core capabilities and new offerings, including our federated and integrated GRC platform and pre-packaged and flexible GRC applications that solve the everyday issues of the business user. MetricStream’s focus on aligning GRC with business performance and strategic decision-making has enabled our customers to derive real value from their investments, and has led to strong validation and recognition in the marketplace.”
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech QuadrantTM is a registered trade mark of Chartis Research limited.
Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice - (www.chartis-research.com).
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.