MetricStream Positioned in Gartner Magic Quadrant for Enterprise GRC Platforms

Evaluation based on completeness of vision and ability to execute

Bangalore based MetricStream, a leading provider of enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions has announced that it has been positioned by Gartner in the ‘Leaders’ quadrant of the 2011 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms.

The Gartner Magic Quadrant for Enterprise GRC 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.

“We believe our presence in the Leaders quadrant by Gartner further affirms our ability to continually meet the evolving governance, risk and compliance needs of customers across the globe,” says Shankar Bhaskaran, VP-International Business & Head of India Operations at MetricStream. “We are constantly innovating to serve our customers through richer platform, application, content and personnel capabilities, and helping them improve risk-based decision-making, and drive business performance.”

“The need for quicker and more accurate risk-based decision making has significantly increased in the last few years. Large enterprises have become very wary of GRC solutions that are siloed, have rigid data-models, and require extensive customization from a programming perspective. They are typically looking for a multi-functional GRC platform from a company that can be a partner in their GRC strategy. Because of these reasons, we are seeing significant adoption of the MetricStream solution in large companies.” says Gaurav Kapoor, Chief Operating Officer at MetricStream. “Small and medium enterprises are also rapidly realizing value from MetricStream’s successful cloud-based OnDemand GRC offerings that are quick to adopt, and deliver rich out-of-the box functionality with embedded content such as risk libraries, control hierarchies and regulatory intelligence.”

MetricStream GRC Platform has been widely adopted by many Global 1000 corporations, as well as small and medium enterprises, to automate and streamline specific functions such as Enterprise and Operational Risk Management, Audit Management, Corporate, Financial, IT and Regulatory Compliance. The platform and applications unify diverse risk, control and assurance process across the enterprise in an integrated GRC system to additionally support programs such as Policy Management, Quality Management, Supplier Risks and Performance, IT Risks and Compliance (IT-GRC), and Environment, Health and Safety (EHS).

MetricStream has made significant investments and has years of experience in providing GRC solutions to customers in sectors such as banking & financial services, energy & utilities, insurance, healthcare, life sciences, food & beverage, retail and manufacturing. The company’s highly specialized solutions ship with regulation and industry specific information schemas, workflows, content, reporting templates and functionalities that address best practices and nuances in specific operating environments.