August 19, 2008 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that a rapidly growing optical networking company has selected MetricStream for its key governance and compliance initiatives.
The company is widely recognized as a technology innovator that has achieved strong success in the highly competitive optical networking market. Their product capabilities enable easier bandwidth scalability and more efficient network management. Keeping in mind the growth trajectory of the company and a recent stock market listing, the senior management was looking to put in place a comprehensive solution to address key compliance and governance needs including SOX, Insider Trading and Environmental Health and Safety (EH&S) among others.
The MetricStream Enterprise Compliance Platform and its suite of integrated GRC solutions, bundled with training and best practices from MetricStream's ComplianceOnline.com portal offered the foundation to build an enterprise-wide GRC strategy for improved governance and better business performance. The MetricStream solution will support the company's initiatives for critical corporate governance and compliance requirements such as Policy and Procedure Management, SOX Documentation and Automation, Insider Trading, Code of Conduct, EH&S and other programs to meet the high governance standards while sustaining strong growth.
"As the regulatory environment becomes more complex and requires increased focus on accountability, companies are beginning to pursue more integrated governance, risk and compliance initiatives," said Gaurav Kapoor, CFO and General Manager at MetricStream. "We continue to see strong success in providing customers with a unique offering of a GRC software solution combined with best practices and training content from our world-leading ComplianceOnline.com portal."
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).