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July 03, 2007 | Redwood Shores, CA and Bangalore, India - MetricStream, Inc. - the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that its ComplianceOnline.com portal has won the "Best New Product or Service - Computer Services" award at the fourth annual International Business Awards, better known as the Stevie Awards. MetricStream was also named as the finalist in the category for Most Innovative Company in Asia.

The award recognizes ComplianceOnline.com for creating a revolutionary online ecosystem for regulatory compliance, quality management, risk management, and legal professionals. The popular one-stop information source ComplianceOnline.com is used by over a million professionals worldwide and is now regarded as one of the most popular destinations for governance, risk, compliance (GRC) and quality on the web. The community-driven portal is the trusted source for training, information, best practices, tools and products on regulatory compliance, industry standards, and quality principles. It offers a variety of channels for dissemination and exchange of information through alerts, vertical search, discussion forums and best practices library services.

A key innovation brought about by ComplianceOnline.com is its "open-source" training platform used by expert trainers and compliance specialists from around the world to provide online training. "Compliance issues are very dynamic with a spate of regulations, policies, and standards emerging every day," said Gaurav Kapoor, General Manager and CFO of MetricStream. "Governance, Risk, Compliance and Quality issues are very interpretative. Professionals are looking for opinions from and discussions with experts, regulators and their peer community on how to address new regulations and implement best practices. ComplianceOnline.com enables professionals to be highly effective by providing easy access to online training programs, best practices and other tools created by the expert community and through user participation".

Nicknamed the Stevie from the Greek word "crowned", the awards will be presented at a gala dinner ceremony on Monday, September 10 at the Munich Marriott Hotel in Munich, Germany. Hailed as "the business world's own Oscars", the Stevie Award are conferred to honor companies of all types and sizes for outstanding performance. Other notable award winners this year include DaimlerChrysler, Novartis, Vodafone, Hewlett-Packard, and Stratcom, Dow Jones, Ernst & Young and Cognos.

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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