June 11, 2008, Phoenix, AZ and Redwood Shores, CA - Leading Technology solution providers will join together in a meeting hosted by OCEG Charter Member MetricStream, Inc., on July 10 and 11 to focus on the hottest issues in Governance, Risk and Compliance (GRC) technology - and to advance the tools and processes that implement GRC management. At this annual gathering of OCEG’s Technology Council, representatives from organizations including MetricStream, Microsoft, Computer Associates, Deloitte Consulting and UHY Advisors will work to accelerate the development of an integrated GRC Blueprint™ and GRC Roadmap™ that will map the technologies and implementation pathways that sustain GRC effectiveness in any organization.

“MetricStream is delighted to host this annual gathering of the OCEG Technology Council” said Gaurav Kapoor, CFO and General Manager of MetricStream. “As a leader in enterprise-wide GRC and Quality Management solutions, we are keen to support the further development of technology standards and processes that will help enterprises seamlessly implement GRC solutions.”

"This meeting of the OCEG Technology Council provides an excellent opportunity to share ideas and effective practices to further the adoption of GRC in the marketplace" said Cheryl Strackeljahn, Senior Manager at Deloitte Consulting LLP. "I look forward to working closely with MetricStream and other OCEG members to advance this difficult yet critical work."

The GRC Blueprint™ is a comprehensive enterprise software information and services architecture development program of the OCEG Technology Council. The Blueprint helps GRC executives and managers understand the core functionality and applications that comprise a GRC technology backbone. OCEG's GRC Roadmap™ technology implementation maturity model helps practitioners understand how to embed GRC criteria in technology planning, budgeting, product selection, infrastructure, support and service delivery. Both programs assist solution providers by improving their GRC product descriptions and designs for the market. The OCEG Technology Council is also defining the GRC-XML™ specifications which will allow GRC technology components to exchange information and integrate with existing business applications.

“OCEG is delighted with the overwhelming member support for our annual Technology Council meeting," said Scott Mitchell, CEO and Chairman of OCEG. “We look forward to the live interaction among these GRC leaders as OCEG maps the GRC Technology realm and creates new implementation tools for the global user community. We welcome all interested representatives from software, services, and information content providers as well as end-user organizations to participate in our Technology Council and join us as we expand the market's understanding of the critical role of technology in GRC processes."

About the OCEG Technology Council  
OCEG's Technology Council was formed to address the strategic, operational and technical issues that professionals face when applying information technology (IT) to governance, risk, compliance (GRC) and ethics management and when applying GRC to IT. Participation in the OCEG Technology Council program is available to all OCEG enterprise members from both the end-user and the GRC solution provider communities. For more information on how to get involved in the GRC Blueprint™, GRC Roadmap™ and GRC-XML™ projects and other work of the Technology Council, contact Lane Leskela, OCEG's Vice President of Technology Programs ([email protected]). 

About the Open Compliance & Ethics Group 
OCEG is a nonprofit organization that provides:

  • Common Governance, Risk Management and Compliance (GRC) language and structure - a Framework that can be followed to assess risks then design and evaluate controls for them;
  • Compliance Metrics - Measurements to ensure performance aligns with company objectives;
  • Online Access - a searchable database that provides ready access to key legal requirements (and to the laws and regulations themselves), clearly stated practices to aid with compliance, and tools and resources to make the process easier;
  • A community of practice to share ideas, ask questions, and benchmark against peers. OCEG helps organizations drive Principled Performance™.

For more information about OCEG, visit www.oceg.org

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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