January 06, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that the Federal Home Loan Bank of Chicago (FHLBC) has chosen MetricStream to integrate its GRC initiatives across the enterprise using MetricStream GRC as its single platform. MetricStream GRC Platform will enable FHLBC to manage risks, streamline its compliance reporting and documentation, and track and remedy exceptions.

“We are extremely pleased to partner with FHLBC,” says Gaurav Kapoor, CFO and General Manager at MetricStream. “FHLBC's selection of MetricStream cements our position as the preferred GRC provider for banks and financial services organizations.”

About the Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is an $87.7 billion wholesale bank, serving the needs of member financial institutions located in Illinois and Wisconsin. The FHLB Chicago's mission is to work in tandem with these member institutions to provide liquidity, term funding, mortgage purchase options, and direct support for community investment and affordable housing initiatives.

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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