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May 01, 2013 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) solutions, has completed a strategic financing round led by an affiliate of Goldman, Sachs & Co. (Goldman Sachs).

MetricStream is the leading provider of enterprise-wide software solutions enabling comprehensive and integrated corporate governance, risk management, and regulatory compliance, all of which are critical for driving business performance, protecting reputation and preventing financial loss. With corporations around the world facing increasing regulatory oversight and growing operational complexities, management teams and Boards of Directors are increasingly focused on measuring and mitigating a variety of risks.

"MetricStream's proprietary GRC Platform uniquely positions us to offer the most comprehensive and integrated set of GRC applications, with the potential to deliver value to enterprises of all sizes and across all industries," said Shellye Archambeau, Chief Executive Officer at MetricStream. "This strategic investment led by Goldman Sachs will further enable us to accelerate our innovation and market leadership."

"We appreciate the strategic investment from Goldman Sachs to help extend MetricStream's leadership in GRC," said Gunjan Sinha, Executive Chairman of MetricStream.

"We have been very impressed by Gunjan, Shellye and the entire MetricStream team. They have a broad GRC vision which is delivered through their extensive product suite," said David Campbell, VP in the Merchant Banking Division of Goldman Sachs. He continued, "GRC is a core part of every business today and we are pleased to have MetricStream in our portfolio."

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).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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