Understanding, experience and technology for success
Large customer wins and market recognition propel MetricStream's success in serving the rising demand for Governance, Risk, Compliance and Quality Management solutions
July 23, 2008 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it has recorded outstanding growth in the first half of 2008 with the quarter ending June 30 being the largest ever quarter with respect to revenues and enterprise deployments.
The combination of customer wins, expanded usage of the MetricStream platform by existing customers, unmatched technology innovation, and continued recognition by analysts has enabled MetricStream to further strengthen its leadership position in the marketplace. Key accomplishments in the six months period include:
“We have seen change in the business environment in early 2008. The effects of the subprime crisis and the looming economic slowdown accentuate the need to have tighter controls and stronger risk management strategies in place. Also, the role of regulators and corporate boards are being redefined requiring companies to overhaul their GRC infrastructure”, said Shellye Archambeau, CEO for MetricStream. “As we move through 2008, we are continuing to innovate through our expanding product suite, dynamic thought leadership and improved geographical reach to build on our vision of an integrated GRC and Quality Management solution for our customers.”
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, American Airlines, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.