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MetricStream Positioned in the Leaders Quadrant of the Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms

10-19-2010 09:24 AM CET | IT, New Media & Software

Press release from: MetricStream, Inc.

MetricStream Positioned in the Leaders Quadrant of the Magic

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".

"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.

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

About the Magic Quadrant
(1) 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.

About MetricStream
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.

Contact Address:
MetricStream, Inc.
2600 E. Bayshore Road
Palo Alto, California 94303
United States
phone: 650-620-2900
www.metricstream.com
pr@metricstream.com

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