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Redwood Shores, CA - December 01, 2005 - MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced that it continues to gain momentum in the market place, demonstrated by recent customer wins, its recent relationship announcement with multi-national consulting organizations and invitations to speak at key industry association events and conferences.

"We are very proud to be rated as one of the fastest growing companies in the compliance segment by AMR Research , in their recent report entitled, 'Profiles in Compliance', "said Shellye Archambeau, CEO of MetricStream. "Since the top three fastest growing vendors in the AMR report were in the niche IT controls category, MetricStream was rated as the fastest growing vendor offering a compliance management solution among a list of over 25 competitors including leading ERP, SOx compliance and document management vendors. Our customers, partners and market presence continue to demonstrate our incredible momentum in the market place."

MetricStream's quality and compliance solutions are used by leading companies to achieve compliance with industry regulations such as 21CFR Part 11, cGMP, TREAD or OHSAS 18001; implement industry mandates such as TS16949 in the Automotive Industry; comply with Section 302 and 404 of the Sarbanes-Oxley Act of 2002 and other Corporate Governance initiatives and manage their quality initiatives such as ISO9000, six-sigma or supplier quality management. Recent customers include Fairchild Semiconductor for enterprise quality management and Nektar Therapeutics for FDA compliance; Advanced Equities for Sarbanes-Oxley 404 compliance, a Fortune Global 10 petrochemical company for audit compliance, and a top soft drink manufacturer for internal controls compliance.

MetricStream also recently announced a strategic partnership with Tata Consultancy Services (TCS), a leading global IT services firm, to help clients significantly decrease costs associated with complying with federal regulations such as cGMP, Sarbanes-Oxley 404 and such industry mandates as ISO9000. In addition, MetricStream continues to work with leading consulting firms in two other areas - FDA validation and A123 compliance.

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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