June 10, 2009 | Palo Alto, California: MetricStream Inc., the market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that one of the world’s largest pharmaceutical corporations has selected its Risk and Internal Audit Management solution for an enterprise-wide deployment. The MetricStream solution will replace an existing legacy application, point solutions and desktop tools for streamlined risk-based auditing resulting in greater transparency, improved accountability and optimized performance.

Auditors across the company will utilize the MetricStream solution for conducting integrated risk assessments and audits, conducting audit planning, scheduling,  managing audit work papers, evaluating risks and compliance, tracking time, budgets and resources, driving issue resolutions and action plans with management in order to improve internal controls as well as efficiency and effectiveness of business processes. The real-time visibility provided by MetricStream’s powerful reporting and analytics engine will support the company’s efforts to align its audit and risk strategy across the organization.

During the evaluation process, MetricStream demonstrated its unmatched ability to deliver an easy-to-use audit software solution that provides best-in-class functionality and embedded content as well as the benefits of its industry-leading GRC platform - a critical success factor in large-scale global deployment scenarios.

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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