Betfair hires MetricStream

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Betfair (SBR rating A-) has hired MetricStream, a company which specialises in enterprise-wide Governance, Risk and Compliance (GRC) and data management to support its IT, risk, assurance, and policy management. The company will help streamline Betfair's compliance using the latest data security standards. Betfair reportedly processes over five million transactions a day.

FULL PRESS RELEASE (CREDIT: BUSINESS WIRE)

PALO ALTO, Calif., May 24, 2012 (BUSINESS WIRE) -- MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) and Quality Management Solutions (QMS), today announced that Betfair (lon:BET), one of the world's largest international online sports betting services provider, has selected MetricStream IT-GRC Solution to support its IT risk, assurance, policy and training management activities. MetricStream will help automate and streamline Betfair's compliance with data security standards like ISO 27001 and the Payment Card Industry Data Security Standard (PCI DSS).

Betfair is one of the world's largest international online sports betting providers. Betfair pioneered the first successful Betting Exchange that eliminated the need for a traditional bookmaker. Driven by world-leading technology, the company now processes over five million transactions a day from its three million registered customers around the world.

"We are excited to partner with Betfair and support its IT risk, policy and training management initiatives," says Shankar Bhaskaran, GM and VP of International Business Operations at MetricStream. "MetricStream Solution will help Betfair automate and streamline compliance with varying data security standards and strengthen its capabilities to manage IT risks, policies, and training."

About MetricStream

MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as NASDAQ OMX, UBS, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, Government and Manufacturing to manage their risk management, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com .

MetricStream's IT-GRC solution helps organizations address security challenges faced by online businesses and manage their IT Risk and Compliance initiatives. MetricStream Solution seamlessly integrates with various security solutions such as Vulnerability Assessment, SIEM, Log Management, and Asset Management in real time to provide a consolidated risk view to help protect online companies and their customers. The solution uses this data and initiates real-time remedial action by assigning investigative responsibilities to the appropriate personnel. Automatic alerts ensure that action plans are carried out to closure, while advanced dashboards and reports provide in-depth visibility into the status of each case, enabling real-time tracking and trend analysis.

SOURCE: MetricStream

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