INDIA, January 7, 2016: Tech Mahindra Limited, a leading provider of IT, Networks & Engineering solutions and BPO services, has entered into a strategic alliance with MetricStream, Inc the global market leader in Governance, Risk and Compliance (GRC) Management Apps to deliver GRC Solutions across the globe.
MetricStream’s leading enterprise and cloud apps for GRC allow clients to strengthen risk management, regulatory compliance, vendor governance and quality management while driving business performance. Tech Mahindra has been working with MetricStream products and solutions on integration and acceptance testing as well as defining, implementing and testing of end-to-end GRC processes. Working together, MetricStream and Tech Mahindra will help simplify governance, risk and compliance for modern, digital enterprises.
Taking a step towards strengthening the alliance, Tech Mahindra has established a dedicated MetricStream Center of Excellence (CoE) in Bangalore, India, which will be supported by expert consulting services worldwide in various geographical markets. The GRC offering will target verticals such as BFSI, Retail, Manufacturing, Healthcare, Telecom and Infrastructure. As a concept, GRC refers to acting in accordance with established laws, regulations, protocols, standards and specifications, and compliance with such processes, systems and controls by which organizations defend the interest of stakeholders.
Over the next three years, this CoE will house certified professionals trained by MetricStream University equipped with solution competencies and implementation capabilities, spanning many industry verticals. The CoE will develop niche solutions for vertical markets under platform-as-a-service (PaaS) technology on MetricStream’s platform.
Rohit Bedi, Senior Vice President of Global Partnerships and MetricStream University at MetricStream said, “GRC today is at the heart of all organizations. There is an increasing concern over corporate governance globally, which gives rise to the need for effective risk and compliance management. This Center of Excellence will help our global customers gain access to the best-of-breed solutions taking advantage of Tech Mahindra’s long experience in implementation and integration services and MetricStream’s market leadership in GRC products.”
Vivek Agarwal, Global Head-Enterprise Verticals, Tech Mahindra, said, “Organizations are looking for a holistic view of risk and compliance through the use of GRC solutions as each of these inter-related disciplines impacts business performance of organizations. TechM has created strategic alliance with MetricStream, a globally acclaimed GRC product vendor, to offer customers a powerful and flexible platform that will allow them to deal with an increasingly complex business environment and provide a focus on accountability. We are extremely excited to have this global product alliance with Metricstream. This represents a new chapter in our relationship; one that we expect will lead to unique and powerful GRC solutions and additional benefits to our clients.”
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MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).
MetricStream Media Contact:
US: +1 (925) 451-1468
Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.