MetricStream ties up with Network Frontiers

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MetricStream ties up with Network Frontiers

The partnership enables customers to utilize the Unified Compliance Framework (UCF) databases to reduce complexity and cut the costs of compliance and audit

Tuesday, November 03, 2009

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BANGALORE, INDIA: MetricStream, a provider of Enterprise-wide Governance, Risk, Compliance (GRC) solutions today announced it has partnered with US based Network Frontiers to deliver its Unified Compliance Framework (UCF) - a comprehensive database that maps and harmonizes more than 2,500 IT control statements to more than 400 regulations, standards and frameworks, embedded with MetricStream's market leading Governance, Risk, Compliance (GRC) solutions.

Through this partnership, MetricStream clients would be able to contain the cost and manage the overwhelming complexity of IT compliance by standardizing on a common set of controls that map to all the regulations and policy mandates they need to comply with.

"Network Frontiers has created a reliable information architecture based on thorough legal reviews of the UCF control mappings to the authoritative sources. This will provide our customers the assurance that their legal liabilities and risk exposures are limited, while they benefit from a work-flow and collaboration driven IT-GRC system delivered by MetricStream," says Gaurav Kapoor, CFO and general manager at MetricStream.

"Fortune 1000 companies select MetricStream to integrate their GRC processes into a common infrastructure eliminating silos, standardizing processes and improving collaboration," said Craig Isaacs, CEO of Network Frontiers.

He added that MetricStream customers can now benefit from the UCF by reducing resources, time, and costs associated with deciphering IT compliance requirements and translating them into controls and control activities. This integrated solution would also give customers a crystal clear view into the state of their IT governance program and where they need to focus for better risk and compliance management.

MetricStream's IT-GRC solution streamlines a wide range of IT activities including managing IT policies, tracking IT assets, assessing and responding to IT risks, implementing IT controls, measuring and reporting compliance with the IT controls and regulatory requirements, recognizing and responding to incidents and threats, managing IT vendor risks and performance, business continuity planning and ongoing IT auditing, the release added.

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