Santa Clara, CA - December 19, 2003. MetricStream, a leading provider of Enterprise Quality and Compliance Management solutions, today announced that one of the ten largest Tier-1 suppliers to the global automotive industry has selected MetricStream's Quality*Stream Enterprise Quality and Compliance Management Suite to manage quality processes across its global network of suppliers and manufacturing facilities. Quality*Stream is a web-based, fully-integrated suite of applications that automate enterprise-wide quality management activities and enable regulatory compliance.

"We are very excited to see MetricStream continue to gain traction with some of the world's largest companies," said Gunjan Sinha, Chief Executive Officer of MetricStream. "Global enterprises are realizing the true business value that can be achieved through Quality*Stream."

MetricStream is the first company to offer a complete suite of web-based, fully-integrated Enterprise Quality and Compliance Management applications to large enterprise customers. Quality*Stream combines scalability and configurability with powerful analytics to drive better management decisions and measurable business benefits. These include reduced cost of poor quality through supplier charge-backs, automation of quality management processes and reduction in warranty claims and recall events, as well as increased revenues through better adherence to OEM and regulatory standards and requirements.

The selection of Quality*Stream for extended enterprise quality management by one of the automotive industry's top-tier companies is further validation of Quality*Stream's advantage in the complex and dispersed manufacturing and supply chain environments of Global 2000 enterprises in regulated consumer goods industries.

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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Molly Palm : pr@metricstream.com | (925) 451-1468

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