MEGA Named in Operational Risk Management and GRC Report

MEGA, a pioneer in operational risk management (ORM) and governance, risk and compliance (GRC) solutions, was cited in a major independent market research report on risk management in the financial services industry from Chartis Research. Operational Risk and GRC Software Solutions 2010 positions MEGA as one of the leading vendors in completeness of offering and market share potential in the Enterprise Operational Risk & GRC Solution Provider category. The report named 24 firms that provide ORM and GRC solutions. It was produced by Chartis Research, the leading provider of research on the global market for risk technology.

The demand for risk management IT solutions continues to grow. "Chartis forecasts the worldwide financial services OpRisk and GRC technology market will grow to $2 billion by 2013 at a compound annual growth rate of 6.5%."

The MEGA Suite offers comprehensive solutions for GRC: ORM, enterprise risk management (ERM), internal audit, and compliance. These tools help companies control operations, reduce risks and costs, and increase confidence in overall operations. With the MEGA Suite, companies can understand and proactively manage risk by identifying, assessing, and controlling risks, thus protecting against unexpected hazards.

"Chartis identified enterprise architecture (EA) as an important enabler for GRC, ORM and ERM," noted Lucio de Risi, CEO of MEGA. "Because we began providing EA solutions nearly 20 years ago, we have been able to also offer strategic risk solutions through a holistic approach that integrates EA and GRC information."

"For those companies seeking to improve GRC, it is important not to reinforce weak practices by automating them. Embarking on an EA exercise will describe the sources of risks," explained the Chartis report.

"We agree with Chartis and are deeply convinced that companies that link GRC with business processes will significantly improve business decision-making," continued de Risi. About MEGA MEGA International provides software solutions for business architecture, business process analysis, enterprise architecture, enterprise governance, risk and compliance, enterprise risk management, operational risk management, internal audit and compliance, and specialized consulting services. Based on the powerful MEGA Suite technology, MEGA solutions are used by more than 75,000 people worldwide. www.mega.com.