May 21, 2010 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) Management solutions, today announced that it has entered into an agreement with AEI, an emerging markets energy infrastructure company, to provide MetricStream's GRC Platform and solution for enterprise risk management(ERM).
AEI owns and operates essential energy infrastructure businesses in emerging markets diversified across four core business segments - Power Distribution, Power Generation, Natural Gas Transportation and Services, and Natural Gas Distribution -within five regions - Andean, Southern Cone, Central America/Caribbean, China, and Europe/Middle East/North Africa. AEI and its 15,400 employees serve more than 7.4 million customers worldwide, with approximately 26,500 miles of gas and liquids pipelines, 121,000 miles of power distribution and transmission lines, and 2,277 MW of installed power generation capacity.
The comprehensive capabilities of MetricStream’s GRC Platform and Risk Management solution provides an integrated and flexible framework for documenting and assessing risks, analyzing risks, tying risks to organizations, geographies, functional units, visualizing risk, conducting scenario analysis and handle detailed mitigation plans. It allows customers to adopt a top-down approach to manage risk and provide management with the visibility, control and business intelligence required to optimize performance with a clear strategy for managing and mitigating risks.
“We are pleased to have AEI as a customer and we look forward to helping them with their ERM initiatives,” said Gaurav Kapoor, CFO and General Manager at MetricStream. “We are seeing an increasingly strong need from companies to have a robust ERM framework and automation in place. This is coming due to greater board scrutiny and the need to visualize and react faster to risk and opportunities. This selection further strengthens MetricStream’s penetration in the Energy and Utility industry and in the Enterprise andOperational Risk Management solution areas.”
MetricStream is a 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’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).