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November 18, 2008 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that VeriSign, Inc. has selected the MetricStream solution for its Sarbanes-Oxley (SOx) compliance initiative. VeriSign is the leading provider of Internet infrastructure for the networked world.

The MetricStream solution will serve as an enterprise-wide internal controls platform within VeriSign for financial and non-financial controls. It will enable VeriSign to automate the ongoing testing and review of its internal controls documentation lowering costs associated with complying with Section 404 of SOx. The solution will also ensure the effective implementation of best practices frameworks for internal auditing and risk management programs.

"We are pleased that VeriSign has selected us and we look forward to working closely with them to make this implementation a success," said Shellye Archambeau, CEO of MetricStream. "With a multitude of regulations to comply with, companies today are seeking an integrated technology platform for multi-regulatory compliance to bring down the cost of compliance and reduce the risk of noncompliance. We are pleased to add VeriSign to our growing portfolio of customers looking to streamline their GRC initiatives."

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).

Press contact

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

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