July 29, 2019 | Palo Alto, California: MetricStream today announced that the company has been recognized as a leader in the 2019 Gartner Magic Quadrant for Integrated Risk Management (IRM) Solutions, authored by Gartner analysts, Jie Zhang and Brian Reed, and published on 15 July 2019.

MetricStream believes that its positioning in the report reflects its leadership in IRM innovation, its long-term commitment to customers, and its ability to support a wide range of IRM use cases. With MetricStream’s cloud-enabled platform, customers gain a real-time, holistic view of risks and their relationships across the enterprise which, in turn, enables them to make better-informed decisions to “Perform with Integrity™ “.

As new, high-impact risks continue to emerge and grow increasingly interconnected, an enterprise’s ability to succeed depends on how effectively it can understand and manage the full spectrum of risks across strategic, operational, and IT domains. 

According to the Gartner report, “An IRM strategy reduces siloed risk domains and supports dynamic business decision making via risk-data correlations and shared risk processes.”

MetricStream’s M7 platform and solutions for IRM enable customers to build a strong foundation of risk awareness, integrity, and good governance across the extended third-party ecosystem. Not only do these solutions support the needs of risk and other assurance functions, they also simplify risk assessments by the business owners and risk awareness and remediation in the front line. Powerful risk intelligence tools and analytics deliver predictive, actionable, and contextual risk insights to optimize risk-weighted performance. Leading organizations across industries choose MetricStream for its elastic cloud platform, intuitive user experience, extensibility, mobility, and configurability.

“We’re honored to be recognized as a leader by Gartner,” said Mikael Hagstroem, CEO, MetricStream. “Thanks, first and foremost, to our clients whose insights and feedback continually drive us to adopt more use cases and push the envelope of what’s possible with IRM technology. Today, I was humbled when a CRO at a financial services firm shared that their performance improved as a result of greater insight into risks and issues and that their confidence in the information increased at the same time. One global IT services leader recently shared that they now predict their performance at each organizational level by providing a deeper, more contextual picture of risk. These are just two of a steady stream of examples where IRM is made possible by the confluence of technology vectors which enables us to address classes of applications and use cases that enable organizations to “Perform with Integrity™”.”

Access a complimentary copy of the Gartner Magic Quadrant report here.

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This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from MetricStream.

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, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

 

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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