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Redwood Shores, Calif. (05/25/2004) - MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced the availability of its solutions in a hosted model. MetricStream decided to deliver this capability in response to a significant interest from its Fortune 1000 customers and prospects.

"Customers in manufacturing and high technology industries are currently implementing our hosted offering to address their quality management and corporate governance requirements", said Shellye Archambeau, CEO of MetricStream. "We find that the hosted model continues to be very appealing to those customers who want to implement a best-in-class quality and compliance suite in today's resource and capital budget constrained environment".

MetricStream's architecture has been designed from ground up to support a hosted offering. Its support for industry standards in authentication and encryption services including SSL, 128-bit encryption, X.509 and MD-5, coupled with a comprehensive user access model, J2EE based scalable technology stack and web architecture enables it to provide its customers with a very compelling hosted offering. The security capabilities in the MetricStream platform to support 21CFR Part11 are also available in the hosted solution

About MetricStream

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).

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Molly Palm : pr@metricstream.com | (925) 451-1468

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