International recognition for Londonderry software business
MetaCompliance, the user awareness and policy management software company in Londonderry has won a major global award from Hypatia Research, the Boston-based research company, for its innovative software.
Based at the North West Business Complex, MetaCompliance was one of just five companies, the only one in Northern Ireland, to gain Hypatia’s endorsement for its leading-edge technology.
MetaCompliance provides its clients with cost-effective ‘commercial off-the-shelf’ compliance software. The MetaCompliance™ software suite has been developed specifically to make compliance easier for organisations governed by stringent legislative and regulatory requirements such as Data Protection, Privacy and Bribery laws.
The company’s IT, Governance, Risk and Compliance (IT GRC) solutions enable organisations to automate, enforce and manage the key tasks associated with user awareness and employee engagement for information assurance. The tasks include risk assessment, the measurement of an organisation’s IT security position, policy management and e-learning.
The company, formed by entrepreneur Robert O’Brien in 2003, is the leading provider of IT GRC software in the UK and helps government and business clients, such as London Olympics 2012, The Scottish Government, NHS for Scotland, Travelex, Central Bank of Ireland and Financial Service Regulator, and Nama, to achieve and demonstrate best practice policy compliance and user awareness.
The award to MetaCompliance was made by Hypatia in its ‘Best Practice and Software Vendor Selection Guide’ which evaluated software developed by companies worldwide. This primary research report can be downloaded free from their website.
Commenting on his company’s performance in the Hypatia GRC research, Mr O’Brien, Chief Executive of MetaCompliance, said: “We have always believed that compliance was an issue that organisations would take time over. This allows us to invest in bringing software that is innovative and functionally deep to the market, in line with customer’s appetite for their next phase of GRC. The research carried out by the analysts at Hypatia reflects our own understanding of the maturity of the GRC market.
“We already have a strong base in the UK and Ireland and have been investing, with assistance from Invest Northern Ireland, in European markets.
“The market opportunity for our expertise is now extensive as a result of new regulations surrounding policy awareness and information governance for data protection and anti-bribery. Companies are responding increasingly to these regulations by applying software to automate their processes. Our software is a proven solution.
”It is particularly satisfying for a small UK company to be ranked ahead of companies such as Symantec and McAfee.”
The award to MetaCompliance was welcomed by Des Gartland, Invest NI North West Regional Office Manager, who said: “This is a tremendously important achievement by one of our most innovative technology companies.
“It’s the type of innovation-led, entrepreneurial and internationally focused business that we are keen to assist as part of our commitment to help transform the North West into a technology-driven economy.
“Our work with the company has included support to develop the base in Derry and to strengthen its export marketing capability.”
MetaCompliance has its software development base in Derry and a sales and marketing base in London.
MetaCompliance remains a privately-held company that has been well-funded to deliver on its business goals. The company has an extensive product development strategy and is in the process of building its international sales channel. The management has significant experience in the software development industry gained from large software development projects and from Intergraph Corporation.