MetricStream has been recognized as a leader in the 2021 Gartner Magic Quadrant for IT Vendor Risk Management Tools
SAN JOSE, Calif., Sept. 15, 2021 /PRNewswire/ -- MetricStream is the global leader in integrated risk management (IRM) and governance, risk, and compliance (GRC) today announced It's the sixth time that MetricStream has been honored as a leader in the Gartner Magic Quadrant for IT Vendor Risk Management. We feel recognition further confirms MetricStream's ability to help the organization'' accelerating growth.
Vendors have become extremely strategic and important to organizations to improve time and improve competitive advantage and reduce costs. Recent, however, organizations are getting heavily affected by exponentially increasing supply chain attacks and need to take a comprehensive approach to Vendor Risk Management to protect themselves.
MetricStream's IT Vendor Risk Management solution provides real-time visibility into third and fourth party and other third parties, including financial, reputational, environmental, cyber, and compliance. A software solution allows organizations to assess and monitor MetricStream's IT VRM solution is built on its MetriStream Platform and is available as a single offering as well as an integrated solution, including Risk, Regulatory Compliance, Audit & Financial Controls, IT The solution is delivered through SaaS.
According to the Gartner report, "IT vendor risk management tools automate the vendor management life cycle, track third parties' risk and facilitate regulatory compliance."
"Attackers are increasingly targeting vendor ecosystems. Recent incidents have shown that even one vendor breach can have catastrophic consequences on the organization. A proactive safeguard against vendor risk is not only critical to success, but also competitive advantage," said Gaurav Kapoor, CEO of MetricStream. We're honored to be named a leader because it validates our ability to help customers manage, embrace and thrive on risk.
As new, high-impact risks grow increasingly interconnected, an enterprise's ability to succeed depends on the full spectrum of risks across enterprise, operational, compliance, vendor, IT, and cyber security, reputation, etc. Third parties and fourth Managing vendor risk and compliance is essential to taking care of these challenges and boosting what's going on.
Here, you can access the complimentary copy of the Gartner Magic Quadrant report here.
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Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Joanne Spencer, Edward Weinstein, Luke Ellery, 30 August 2021.
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About MetricStream, Inc.
MetricStream is the global leader in Integrated Risk Management and GRC solutions that empower organizations to thrive on risk by accelerating growth through risk-aware decisions. We connect governance, risk management and compliance across the enterprise to enable resilience and digital transformation. MetricStream has an operations and R&D center in Bangalore, India, and sales and operations support around the globe. More information is available online. www.metricstream.com www-medicalstreams.org. , et al. LinkedIn, LinkedIn. Facebook and Twitter is the next step.
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