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September 05, 2008 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that a leading supplier of modular power components and complete power systems has selected the MetricStream solution for sustainable and cost-effective compliance including the Sarbanes-Oxley Act (SOX).

The company offers power systems and modular power conversion components that are used in several high tech, industrial manufacturing and government markets. These systems and components are delivered with very short development cycles that make them a preferred supplier to manufacturers worldwide.

The MetricStream solution will enable the company to document their processes and controls in a central repository, test the effectiveness of internal controls and use that information to drive appropriate disclosure and remediation processes to achieve compliance with SOX. By providing a systematic mechanism for executing and tracking the SOX program, MetricStream will enable the customer to gain real-time visibility into their key compliance processes and reduce their risk of noncompliance. MetricStream will also offer specialized compliance training, alerts and content through ComplianceOnline.com, its leading portal and online community for governance, risk, compliance and quality.

"Companies are moving from running compliance programs in silos to establishing an enterprise-wide initiative for addressing all their compliance mandates," said Gaurav Kapoor, CFO and General Manager of MetricStream. "As companies begin to realize the value of a federated approach to Governance, Risk and Compliance, it becomes important to create a technology framework that would integrate disparate compliance initiatives and act as a catalyst in broadening and scaling the compliance adoption within the company."

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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