February 16, 2012 | Palo Alto, California: MetricStream Inc., the market leader in Enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced the establishment of a new center in Milan to serve the company’s European customers more effectively, and meet the increasing demand for integrated GRC solutions.

Says Claudio Cecchini, the Head of MetricStream’s Italian operations, “We are delighted to extend our operations to Italy after extensive success across key European markets. We see significant opportunities for growth in Italy, and look forward to deepening our relationships with local customers, and responding faster to their requirements.”

MetricStream is actively focused on extending its world-class products to address the functionalities demanded by new markets and new customers. The company already has over 12 strategic partners spread across Europe and the Middle East.

“The global demand for MetricStream solutions has soared, as more companies realize the importance of an integrated, sustainable and proactive GRC infrastructure,” says Shankar Bhaskaran, GM & VP of International Operations at MetricStream. “MetricStream solutions are renowned for their advanced functionalities, as well as their flexibility to adapt to unique local market requirements. These capabilities, along with our deep domain knowledge and round-the-clock support make us the preferred GRC solutions provider for leading businesses across continents.”

MetricStream solutions are equipped with powerful features such as multi-lingual functionalities which are well-suited to support the needs of Italian clients. The solutions are enabling companies in Italy and other part of Europe to efficiently manage compliance with regulations such as  Law 262, proactively monitor and mitigate risks, and ensure that their corporate culture is based on the principles of good governance, transparency and accountability.

“Over the years, MetricStream has built up a formidable reputation in the GRC technology space. Top analyst firms have repeatedly positioned MetricStream as a leader in Enterprise GRC solutions,” says Shellye Archambeau, CEO of MetricStream. “With our new center in Milan, we look forward to forging new relationships with customers and partners across Europe, and continually strengthening the quality of our services, technology and support.”

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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