REDWOOD SHORES, CA -- 01/10/08 --
MetricStream, Inc., a market leader in
enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management
solutions, today announced that it has been cited as a 'Leader' in the
recent published report Forrester Wave(TM): Enterprise Governance, Risk and
Compliance Platforms 2007. MetricStream was among the select companies that
Forrester invited to participate in its report The Forrester Wave(TM):
Enterprise Governance, Risk and Compliance Platforms, Q4 2007.
Forrester developed a comprehensive set of approximately 100 evaluation
criteria against which to evaluate the leading enterprise GRC platforms. In
addition to market presence and client feedback, the companies were
evaluated on a range of capabilities that span multiple enterprise GRC
areas including many risk areas such as strategic, operational and IT risks
as well as regulatory and operational compliance areas such as quality
management, health and safety, financial assurance and corporate
governance.
"We are very happy being recognized as a leader in the Forrester Wave(TM)
report on Enterprise GRC Platforms. It demonstrates our success and
commitment towards enabling our customers in building better governed and
more resilient enterprises," said Shellye Archambeau, CEO of MetricStream.
The report notes that "MetricStream demonstrated one of the most flexible
GRC platforms evaluated." Further, the report says that "MetricStream has
developed strong capabilities in all core areas required of the GRC
function -- policy and procedure management, risk and control management,
loss and investigations management and GRC analytics."
MetricStream's versatile Enterprise Compliance Platform technology uniquely
addresses a variety of risk scenarios across verticals ranging from
Strategic and Enterprise Risk Management to a growing range of
industry-specific operational risk issues such as Pharmacovigilance in the
life sciences industry, Safety risks in the food and beverage industry,
Product Quality risks in the manufacturing industry, FERC/NERC compliance
in the energy and utility industry and Financial Risks in banking.
In evaluating Corporate Governance capabilities, the report places emphasis
on board/entity management, serving the role of the corporate secretary,
managing the corporate reporting/filing processes, audit management and
dashboarding GRC at a level appropriate to executives and the board.
MetricStream has been listed as a strong performer in this area.
Support for training programs and delivery of regulatory content set
MetricStream prominently apart from the other players in the market,
according to the report. "A key differentiator is its operation of
ComplianceOnline.com, a GRC community portal that offers visitors access to
information, best practices, training and products," notes the report.
"Whereas GRC approaches of the past have been function-specific and
isolated from other areas of the organization, companies are increasingly
looking for a federated approach to manage their Corporate Governance
initiatives, Enterprise and Operational Risk, Regulatory and Industry
Compliance that spans the entire enterprise," said Gaurav Kapoor CFO and
General Manager of MetricStream. "A federated and flexible GRC architecture
built on MetricStream's technology and content infrastructure is designed
for such environments. It gives stakeholders access to the critical
information needed to run vital business operations while meeting corporate
governance, risk management, regulatory and operational compliance
objectives."
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, American Airlines, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild
Semiconductor, Hitachi and TaylorMade-Adidas Golf 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 ComplianceOnline.com portal. MetricStream
is headquartered in Redwood Shores, California and can be reached at
www.metricstream.com.
Media contact:
Roopa PN
+91 9900219596
pr@metricstream.com
