Redwood Shores, Calif. (12/01/2004) - MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced that Albany Molecular Research Inc., a chemistry-based drug discovery and development company, has successfully validated and gone live with the document management capabilities of MetricStream's quality and compliance suite to reduce the cost of cGMP compliance associated with managing regulatory documents within its environment. Albany Molecular is currently deploying the MetricStream Corrective Action and Preventive Action (CAPA) and Out of Specification (OOS)/Variance modules as a part of their second phase of the implementation.

"The MetricStream professional services organization enabled us to go live with the solution in a very smooth manner," said Ashley Peacock, Validation Manager at Albany Molecular. "We are very happy with our choice of MetricStream and look forward to going live with their CAPA and OOS applications to continue to automate our cGMP processes and significantly improve our operational efficiency."

"We are very excited to see Albany Molecular managing a key aspect of their regulatory environment using our solution," said Shellye Archambeau, CEO of MetricStream. "The MetricStream suite is designed to streamline and manage the cGMP processes and it continues to be the solution of choice among leading FDA regulated organizations within US."

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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