Palo Alto, November 5, 2019. MetricStream, the leading independent provider of governance, risk, and compliance (GRC) and Integrated Risk Management (IRM) announced today the creation of the ‘Office of the CEO’ led by Andreas Diggelmann, interim CEO, and Gaurav Kapoor, COO. Mikael Hagstroem, previously CEO, has decided to pursue another opportunity to follow his interest in IoT. Mikael will continue to serve as a member of the MetricStream Board.

Andy Diggelmann has been the EVP and CTO at MetricStream responsible for products, engineering, and consulting. He has played a critical role in driving continued product innovation as well as enabling customers to accelerate their adoption of the MetricStream M7 Platform and Applications Cloud. Andy brings decades of experience in technology and strategy roles at SAS Institute prior to joining MetricStream.

Gaurav Kapoor, COO MetricStream, has been involved with the company since its inception. As the COO, Gaurav has been responsible for Go-to-Market strategy, including sales, marketing, communities, the partner and alliances ecosystem and geographic expansion. Until 2010, he also served as the CFO of MetricStream. Prior to MetricStream, he spent several years in operating roles at Citi.

“Speaking on behalf of the MetricStream Board, I see strong opportunities ahead of us in the GRC and IRM markets,” said MetricStream Executive Chairman, Gunjan Sinha.  “With Andy and Gaurav leading MetricStream, and with continued focus and commitment from our employees, MetricStream is well placed to continue its leadership in GRC and IRM.”

The GRC and IRM  markets are evolving where rapid digitization and changing business models are creating a paradigm shift in the way companies look at risk. The next chapter  will be driven by the need for a common platform to define and manage multiple risks – cyber, third party, operational, reputational and others – tying them to business performance, enabling organizations to “Perform with Integrity TM”. MetricStream’s M7 GRC and IRM platform, leverages AI technology to enable continuous monitoring, creating a common taxonomy that engages the front line, making the organization agile.

MetricStream has been a leader in the GRC and IRM space for over 15 years, innovating and shaping the GRC market to deliver value to customers. The last few years have been particularly exciting as the company’s M7 Cloud platform has been adopted successfully by customers across industries. MetricStream's expanding partner ecosystem has fostered innovation in GRC/IRM solutions, establishing faster time to value to customers. MetricStream’s focus on customer adoption and success, product innovation, and collaboration with its growing partner network, places it firmly on the path to address the future of the GRC and IRM industry.

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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