October 11, 2007 | Redwood Shores, CA - MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it is sponsoring the 16th Annual Audit Conference being hosted by the American Society for Quality (ASQ) Audit Division. The company will be demonstrating its industry leading Enterprise Compliance Platform and its comprehensive suite of applications for effective audit, quality and compliance management at the conference.

The conference is being held on October 11 and 12, 2007 in Atlanta , Georgia . The conference will offer participants an array of tools and knowledge on critical audit-related issues and subjects including best practice processes and methodologies for auditing, information auditing training and education, professional development, technology for auditing, managing the audit function in different industry sectors and maintaining a customer focus through auditing.

Effective risk management and compliance with government regulations drive the need for ongoing auditing in organizations. For companies that are regulated by the agencies like FDA and FAA or those that are following quality standards such as ISO 9000/13485/14000, regular audits are also essential to reduce the risk of noncompliance. With increasing business complexity and the rising number and types of audits that companies need to conduct, auditors are playing a central role in ensuring success of GRC and Quality management initiatives being undertaken.

"The quality auditing and compliance process is inherently complex as it involves multiple internal and external stakeholders. Existing audit systems have evolved from the bottom up and organizations lack a single system of record preventing top down visibility and control," said Gaurav Kapoor, General Manager Marketing and CFO of MetricStream. "MetricStream's audit solutions are helping companies with a federated way of handling quality, operational and compliance audits through a single system."


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).

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