PALO ALTO, Calif., March 6, 2015 /PRNewswire/ — MetricStream, a market leader in Governance, Risk, and Compliance (GRC) Apps, announced that it has been positioned by Chartis as a "Category Winner" in Operational Risk and GRC in their RiskTech 100® 2015report – the most comprehensive analysis of the world's leading risk and compliance technology companies.
Peyman Mestchian, Managing Partner at Chartis said, "MetricStream was recognized for their ability to provide a robust and unified technology platform for operational risk management and regulatory reporting. MetricStream is also an established leader in integrated GRC which has become a key focus for both financial and non-financial firms due to increasing regulatory requirements, compliance costs, and operational complexities."
According to the most recent Semiannual Risk Perspective report issued by the Office of the Comptroller of the Currency (OCC), operational risk facing organizations today is high due to changing business models, complex third party relationships, and increasing cyber threats. The Chartis report indicates that risk-related expenditures are increasingly occupying a larger share of the IT budget, demonstrating organizations' continued focus on risk management. The Chartis report also notes that multi-national institutions with multiple technology systems are struggling to gain a single view of the risks faced by their organizations. Gaining a holistic 360-degree picture of risk, and understanding the inter-linkages between different risk types can help organizations improve their decision-making and business performance.
"We are delighted to be recognized by Chartis as a category winner in Operational Risk and GRC," said Gaurav Kapoor, COO at MetricStream. "Today's digital, global, mobile, social, and cloud-based operating landscape has given rise to new risks and compliance requirements that are complex and difficult to manage. Our goal at MetricStream is to make GRC simple – by automating and streamlining risk processes, standardizing risk taxonomies and methodologies, and transforming huge volumes of big data into actionable risk intelligence. We provide companies around the world with the tools they need to build a culture of Pervasive GRC across their organization and extended ecosystem which, in turn, enables them to become more risk-aware, compliant, and better governed."
About Chartis
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 Quadrant® 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).
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, SocieteGenerale, 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).
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