May 31, 2016 | Palo Alto, California: MetricStream, a leading provider of Governance, Risk, and Compliance (GRC) Apps, announced today the company has been positioned in the “Leaders” Quadrant of the 19 May 2016 Gartner Magic Quadrant for IT Risk Management Solutions Report authored by Gartner analysts Khushbu Pratap and Jeffrey Wheatman.

MetricStream's intuitive and simple to use IT Risk Management (ITRM) App supports customers across IT risk automation and control mapping, and enhances organization-wide compliance with regulatory requirements. More importantly, MetricStream’s latest innovations in platform architecture through M7 are helping customers expedite their GRC implementations and accelerate time to value.

According to the report, “In 2015 and 2016, ITRM software applications are being evaluated to meet the growing need for organizations to automate, to the extent possible, compliance and regulatory obligation management for IT-related risks. We have seen more interest among buyers trying to answer inquiries from their boards or customers about overall ITRM's close link to cybersecurity measures. This is especially true in North America and Europe.”

"We are very pleased to be recognized by Gartner for what we believe is our positive customer satisfaction, global sales and support strategy, and continued innovation across IT risk management," said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, "Organizations today face growing complexities in their IT and security environments due to the increasing usage of mobile, cloud, and digital technologies. MetricStream’s GRC Apps provide holistic and real-time risk visibility to enable IT leaders to proactively address emerging cybersecurity threats and vulnerabilities, and make decisions that drive better business performance."

Today, CISOs and CIOs are challenged in their ability to continuously consolidate and contextualize risk intelligence across IT systems, and gain a comprehensive view of their organizations’ IT risk, cybersecurity, and compliance posture. Business and IT leaders are squarely focused on creating a more robust IT Risk Management program with synergy across enterprise governance, risk and compliance functions.

MetricStream’s mission is to enable our customers to preserve their corporate integrity, protect their brands and reputations, and drive superior business performance through GRC that is simple, pervasive, and delivered in the cloud or on premise. This is demonstrated by our continued investment and focus on innovation across the MetricStream GRC platform and applications in order to best serve over 350 customers worldwide across banking and financial services, manufacturing, retail and energy & utilities sectors.

To access a complimentary copy of the 19 May 2016 Gartner Magic Quadrant for IT Risk Management Solutions Report, please click here.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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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