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May 21, 2007 | Redwood Shores, Calif. - MetricStream, Inc., the market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that a major energy provider in the United States, engaged in electricity production, transmission and distribution, has selected MetricStream to streamline its governance, risk and compliance management processes for Sarbanes Oxley Act (SOx), Enterprise Risk Management (ERM), FERC and NERC regulations (Federal Energy Regulation Commission and North American Electric Reliability Commission) and various other state and regional requirements.

MetricStream will enable the Fortune 500 energy company to adopt an integrated compliance strategy through an enterprise-level framework for managing regulatory requirements, implementing risk management programs and adopting consistent policy management. The solution will provide powerful tools to ensure quality and consistency in business operations.

In the last few years, the company has experienced a significant increase in the number of compliance requirements as well as increased scrutiny by regulatory bodies. With MetricStream, the company executives as well as functional managers will have complete visibility over major compliance programs making compliance and risk management a predictable business process enhancing shareholder value.

"Energy companies are faced with a proliferation of compliance requirements from a growing number of regulatory bodies that impose oversight and reporting requirements. These organizations need a systematic approach for defining and managing GRC initiatives through a sustainable process that is aligned with the corporate strategy, " said Charles Goldenberg, Vice President of the Governance, Risk and Corporate Compliance Solutions at MetricStream. "MetricStream's integrated platform for multi-regulatory compliance and risk management provides tremendous value by helping companies to bring down the cost of compliance and to reduce the risk of noncompliance."

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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