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Jan 17, 2007 | Redwood Shores, Calif. - MetricStream, Inc., the market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and quality solutions, today announced that the company exceeded all their growth and revenue objectives in 2006. Overall sales for the company grew by over 100% over the previous year as it showed strong momentum in all its business lines; Quality Management, Governance, Risk and Compliance and ComplianceOnline.com.

MetricStream added more than twice as many new customers for its product lines in 2006 over the previous year. These customers came from various industries including Medical Devices, Pharmaceuticals, High Technology, Food Services, Financial Services, Discrete Manufacturing and other industries. "MetricStream continues to be the preferred software solution for compliance with various regulations, industry mandates, internal policies and procedures including FDA/cGMP, SEC/Sarbanes Oxley Compliance, Quality/ISO9000 and USDA/HACCP, where industry leaders selected MetricStream as their compliance platform for these initiatives in the past 12 months", said, Shellye Archambeau, CEO of MetricStream. "MetricStream continues to gain significant interest and momentum from global customers for governance, risk and compliance offerings since the signing of a strategic business relationship with NASDAQ."

ComplianceOnline.com, the leading compliance portal owned by MetricStream is now regarded as one of the most popular destinations for governance, risk, compliance and quality on the web. The one-stop information source for compliance and quality professionals saw its user base increase by over 300% in the year, "ComplianceOnline.com has very quickly become the web destination of choice for professionals, if they want to do compliance-related search, attend online compliance-related training courses, access best practices and standards or network with a peer", said Gaurav Kapoor, General Manager, ComplianceOnline.com and CFO, MetricStream. "One significant proof of our success is that professionals from every Top 100 FDA company in the US have purchased products and services from ComplianceOnline.com in 2006. The launch of our 1st co-branded portal, http://corporate.complianceonline.com as part of our strategic alliance with NASDAQ in November 2006 has further accelerated our reach and adoption."

MetricStream also received very positive coverage in 2006 for its solutions from leading industry analysts including Forrester Research and AMR. Forrester Research has positioned MetricStream as a leading GRC platform for FDA compliance in their multiple reports. In their analysis of the MetricStream-NASDAQ partnership, AMR Research commented "The NASDAQ/MetricStream partnership should benefit all parties involved, making governance and compliance easier to access from a trusted source."

The market continued to recognize MetricStream as an innovative company and a market leader in governance, risk and compliance. The company was selected as a Red Herring Top 100 company and was recognized as one of the Top Innovators by Silicon India in 2006.

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).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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