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October 30, 2006 | Bangalore, India - MetricStream, Inc., the market leader in the enterprise-wide quality and compliance solutions, today announced that it has been selected as a winner among the Red Herring 100 Asia's hottest technology companies. The annual list, available at www.redherring.com, identifies the top 100 privately held companies that demonstrate a leading role in technology innovation. The award recognizes MetricStream's innovation and leadership in global compliance management solutions.

MetricStream's enterprise software solutions are used by leading companies to achieve compliance with industry regulations and mandates such as FDA cGMP and 21 CFR Part 11, Section 302 and 404 of the Sarbanes-Oxley Act, as well as quality initiatives such as ISO 9000 and supplier quality management. Its compliance portal solutions enable companies to support these key initiatives through best practices content, alerts, vertical search, library services, community-based training and online events.

"By combining our enterprise-level compliance software solutions with an online community for training, content, and best practices, MetricStream addresses both - the 'what needs to be done' and the 'how to do it efficiently' of compliance," said Shellye Archambeau, CEO of MetricStream. "Due to this extremely unique offering, MetricStream continues to attract a huge amount of interest from companies worldwide who are either embarking on new compliance initiatives or are looking to reduce their cost of compliance.

The company has a partnership with the NASDAQ Stock Market to offer MetricStream compliance products and solutions to NASDAQ-listed companies to enable them to better manage their compliance processes and potentially reduce their overall costs related to compliance efforts

"We are proud to be selected as the Red Herring 100 winner. Our customers, partners and market presence continue to demonstrate our incredible momentum in the market place," said Gunjan Sinha, Chairman of MetricStream, who received the award at the Red Herring Asia conference in Hong Kong on behalf of the company.

"Red Herring 100" Award
Red Herring's lists of top private companies are an important part of the renowned magazine's tradition of identifying new and innovative technology firms and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as some that would change the way we live and work. Red Herring 100 companies are at the forefront of the technologies that are changing our lives in profound ways.

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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