Redwood Shores, CA - December 01, 2005 - MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced that it continues to gain momentum in the market place, demonstrated by recent customer wins, its recent relationship announcement with multi-national consulting organizations and invitations to speak at key industry association events and conferences.
"We are very proud to be rated as one of the fastest growing companies in the compliance segment by AMR Research , in their recent report entitled, 'Profiles in Compliance', "said Shellye Archambeau, CEO of MetricStream. "Since the top three fastest growing vendors in the AMR report were in the niche IT controls category, MetricStream was rated as the fastest growing vendor offering a compliance management solution among a list of over 25 competitors including leading ERP, SOx compliance and document management vendors. Our customers, partners and market presence continue to demonstrate our incredible momentum in the market place."
MetricStream's quality and compliance solutions are used by leading companies to achieve compliance with industry regulations such as 21CFR Part 11, cGMP, TREAD or OHSAS 18001; implement industry mandates such as TS16949 in the Automotive Industry; comply with Section 302 and 404 of the Sarbanes-Oxley Act of 2002 and other Corporate Governance initiatives and manage their quality initiatives such as ISO9000, six-sigma or supplier quality management. Recent customers include Fairchild Semiconductor for enterprise quality management; Pfizer and Nektar Therapeutics for FDA compliance; Advanced Equities for Sarbanes-Oxley 404 compliance, a Fortune Global 10 petrochemical company for audit compliance, and a top soft drink manufacturer for internal controls compliance.
MetricStream also recently announced a strategic partnership with Tata Consultancy Services (TCS), a leading global IT services firm, to help clients significantly decrease costs associated with complying with federal regulations such as cGMP, Sarbanes-Oxley 404 and such industry mandates as ISO9000. In addition, MetricStream continues to work with leading consulting firms in two other areas - FDA validation and A123 compliance.
About MetricStream
MetricStream is a market leader in Enterprise-wide Quality and Compliance Management for global corporations. MetricStream solutions are used by leading corporations in diverse industries such as Automotive, Food, Pharmaceuticals, Manufacturing and Electronics to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives. Key MetricStream customers include Pfizer, Hitachi Computer Products (America), TaylorMade-Adidas Golf, Cannon-ITT Industries and Fairchild Semiconductor. MetricStream is headquartered in Redwood Shores, California and can be reached at www.metricstream.com
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