March 06, 2015 | Palo Alto, California: 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® 2015 report - 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 Perspective1 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.”


1http://occ.gov/publications/publications-by-type/other-publications-reports/semiannual-risk-perspective/semiannual-risk-perspective-fall-2014.pdf


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, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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Molly Palm : pr@metricstream.com | (925) 451-1468

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