Independent research firm evaluates GRC market and vendors
BOSTON, December 5, 2011 – MEGA was named a strong performer by Forrester Research Inc. in The Forrester Wave™: Enterprise Governance, Risk, And Compliance Platforms, Q4 2011, published November 30, 2011.
Forrester evaluated 13 of the top enterprise governance, risk, and compliance (EGRC) vendors on the breadth and depth of their software capabilities and soundness of strategy. Vendors profiled in the report had large market presence (more than 150 GRC customers) and competitive success.
The report said, “MEGA continues its steady climb up the ladder toward the top echelon of GRC vendors …”
“MEGA’s vision of the market centers on the correlation between holistic GRC programs and enterprise architecture (EA) maturity, and the company has made great strides integrating its GRC platform with its leading EA and business process analysis (BPA) technologies. MEGA”s success may depend on its ability to bring customer along with this vision, but early use cases and customer feedback predict this will happen. MEGA outlines a detailed product road map with plans to strengthen risk quantification, assessment consolidation, and document management capabilities, all of which are expected to improve the company’s ability to compete,” noted the Forrester report.
MEGA has been cited in numerous analyst reports on GRC and risk management, including most recently being named to the Chartis 2011 RiskTech100 report and a leader in the Chartis Operational Risk and GRC Software Solution. MEGA was also cited as a visionary in Gartner, Inc.’s Magic Quadrant for Enterprise Governance, Risk and Compliance (EGRC) Platforms, published July 13, 2011.
To maximize business performance within acceptable risk levels, the MEGA EGRC software solution helps executives coordinate their efforts, while managing and communicating enterprise information in a consistent way. It helps establish an integrated and adapted corporate governance system based on the correlation of complex risks and processes to consistently address enterprise risk management, operational risk management, internal audit management and compliance management.
“We believe the market recognizes MEGA’s vision and innovation, especially the advances we have made through intensive R&D in the past five years, and our ability to deliver business value to customers,” noted Lucio de Risi, CEO and president of MEGA. “We credit our position in the market to our focus on business performance, and our delivery of solutions that help customers encompass strategy, business processes, IT assets, risks and compliance while implementing a global vision beyond internal silos.”