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 the 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 UBS, Société Générale, 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).