January 12, 2017 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Apps, has announced the appointment of Steve Springsteel as Chief Financial Officer (CFO).

Mr. Springsteel brings over 30 years of domestic and international experience in operational and financial management. His accomplishments include the management of two successful IPOs, as well as multiple mergers and acquisitions. He also has extensive experience in SAAS and cloud businesses, raising equity and debt funding in the public and private marketplaces, as well as formulating and implementing complex business strategies.

Mr. Springsteel joins MetricStream from Actian, where he was CFO; responsible for all general and administrative functions (Finance, Legal, HR, IT, Facilities, Sales Operations) of the company. While at Actian, he helped double company revenues and successfully integrated four companies. Prior to that, he was CFO for MarkLogic, maker of an enterprise NoSQL database, and he also served as Entrepreneur-in-Residence for U.S. Venture Partners. Springsteel also held President and CEO positions at software firms including Chordiant Software, Verity and Sagent Technology. As Chairman, President and CEO of Chordiant, he steered the organization to profitability while more than doubling the company’s bookings to record levels.

Commenting on the appointment of Mr. Springsteel as CFO, MetricStream Chief Executive Officer Shellye Archambeau said, “We are delighted to welcome Steve as MetricStream’s CFO, where he will lead and execute the company’s financial, legal and administrative strategies world-wide.” She continued, “Steve brings over 30 years of proven experience in operational and financial management, and he will play a leading role in MetricStream’s continued global growth and expansion.”

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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