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March 18, 2008 - Redwood Shores, CA and Phoenix, AZ - MetricStream and The Open Compliance and Ethics Group (OCEG) are pleased to announce that MetricStream, a global leader in Compliance, Risk, Corporate Governance and Quality Management Solutions, has joined OCEG as the newest Charter member.  MetricStream is looking forward to contributing broad and deep experience in compliance, risk management processes, quality management and guidance on corporate governance to OCEG's expanding GRC process foundation, guidelines, tools and technology program initiatives.

"MetricStream is delighted to join OCEG at this significant point in the evolution of global GRC practices," said Gaurav Kapoor, General Manager and CFO of MetricStream. "OCEG's consortium of leading GRC practitioners and services, software and content providers is defining improved practices in Governance, Risk and Compliance management. OCEG is dedicated to the alignment of compliance, policy and risk management with information technology, improving corporate performance for thousands of GRC professionals and their companies. MetricStream's approach to comprehensive GRC excellence and supporting technologies is synchronized with OCEG's global vision. We look forward to the deepest collaboration with OCEG and to working with other GRC leaders at the OCEG Charter, Leadership and Technology Council levels."

"OCEG is thrilled that MetricStream has joined our esteemed group of Charter members. We believe that MetricStream's substantial expertise in compliance, risk and quality management software along with user training and organizational best practices available on MetricStream's ComplianceOnline.com portal will serve our entire community of more than 13,000 GRC practitioners. MetricStream's contributions to the expanding body of global GRC knowledge will deepen the value of OCEG GRC guidelines, implementation tools and standards for all our members," according to OCEG President Carole Switzer.

MetricStream is a market leader in Enterprise-wide GRC and Quality Management Solutions for global corporations operating in diverse industries such as pharmaceutical, medical device, high tech manufacturing, energy, financial services, healthcare, manufacturing, food and beverages and automotive. MetricStream's product portfolio comprises of a comprehensive suite of applications based on the patent-pending Enterprise Compliance Platform (ECP). The applications are designed to manage compliance with quality standards, industry regulations, risk programs and corporate policies. MetricStream also operates ComplianceOnline.com, the leading internet destination for professionals interested in information exchange, best practices, training and consultation services on all aspects of Governance, Risk, Compliance and Quality Management.

With over 13,000 members representing 66 industries across 46 countries, OCEG provides critical information to some of the largest, most reputable companies in the world, while also meeting the needs of individual GRC executives. OCEG is the only nonprofit organization that offers comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance processes. OCEG's unique organizational structure allows members to take advantage of contributions from thousands of experts in companies on a similar mission: aligning overall company performance with GRC objectives.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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