June 21, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Tata Consultancy Services (TCS) Innovation Forum 2011 which will be held on 21-22 June, 2011 in San Francisco, California. Every year, the event brings together senior technology executives, researchers from renowned institutions and the TCS Co-Innovation Network (COIN™).

This year, MetricStream VP, Rajeev Kak has been invited to provide his insights on GRC, security and privacy.Rajeev will be speaking at a brainstorm session along with Dr. SachinLodha, a senior scientist at Tata Research Development and Design Center (TRDDC) and John C. Mitchell of Stanford University.

In a world of Open Source software and cloud computing, it has become more critical - and challenging - to protect the security and privacy of data. The rising incidence of high profile security breaches, and the growing sophistication of security threats have prompted organizations across the world to redefine their information security and access controls strategies. At the same time, they have to find new ways of efficiently coping witha growing number of IT compliance regulations and tighter regulatory oversight.

The TCS Innovation Forum will address some of these concerns in their sessions on security, privacy and GRC. Participants will get the opportunity to interact with and listen to industry experts and researchers providing insights on innovative solutions in security and compliance, as well as other areas such as mobility and ubiquity, life sciences and healthcare, and efficiency, agility and simplification.

MetricStream IT-GRC solutions are renowned world-over for their innovative capabilities in addressing the challenges of information security and privacy. Built on an integrated, enterprise-wide platform, MetricStream solutions streamline and automateend-to-end IT-GRC workflows across business departments, units and geographies.The solutions help establish a closed-loop, systematic and collaborative approach to IT-GRC that minimizes redundancies and duplicate controls. They also enable IT-GRC to be integratedwith other GRC initiatives for a federated, cohesive framework that smoothly scales up to address future GRC requirements.

The solutions contain powerful capabilities including linking of policies to risks and controls, centralized risk repositories, configurable risk scoring methodologies, a comprehensive library of regulations and standards, embedded best practices and automated issue remediation workflows.Powerful dashboards help monitor the status of IT-GRC at every stage, and highlight issues that require attention.

The solutions streamline end-to-end compliance management with the complete spectrum of IT regulations ranging from HIPAA, to PCI DSS, to SOX, to NIST and Basel III. Controls can be designed based on embedded leading frameworks such as COBIT, ISO 27002 and ITIL.End-to-end workflows are automated, thereby enabling the bank to accelerate risk-control assessments, audits, issue remediation and other critical GRC processes. It also helps the bank improve efficiency, and save on valuable resources, time and costs.

A central information management tool streamlines the development and maintenanceof IT-GRC policies, control assessments, standards and other vital information. Equipped with easy search capabilities, the tool enables users to quickly locate and compare information for operational effectiveness.

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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