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January 29, 2008, Redwood Shores, California - MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced the general availability of version 5.5 of its Enterprise Compliance Platform (ECP).

The MetricStream ECP serves as the nucleus of an organization's corporate governance ecosystem, coordinating all GRC and quality management activities throughout the enterprise via a single management system. It streamlines all communications, information flows, recordkeeping and monitoring of business processes for GRC and quality-related, needs creating a seamless environment for managing regulatory and compliance-related processes, issues and data in accordance with government statutes and industry regulations.

Version 5.5 of the MetricStream ECP is designed to facilitate end-to-end development, deployment and management of a wide range of enterprise applications and solutions for the increasingly complex GRC and quality management requirements.

The new release is rich with features and enhancements for greater usability and performance as well as architectural innovations that make the ECP a versatile technology that uniquely addresses a variety of risk and compliance scenarios across verticals. The powerful Universal Search provides specialized search capability that gives quick and easy access to relevant information that spans an organization's entire current and historical data repository and records delivering the true benefits of standardizing on one GRC platform. Reporting and email-based notifications and alerts have been made more usable enabling easy access to and distribution of information. With enhanced High Availability configurations, the ECP now delivers 99.99% uptime and improvements in file management, scripting and caching have given a boost to the platform's scalability. Enhancements to the installation tools will allow customers to rapidly configure and tune MetricStream applications for optimum performance.

"The current release of the MetricStream Enterprise Compliance Platform is architected as one solution for multiple risk initiatives, regulations, corporate policies and quality standards. It is designed to give provide easy access and clear visibility into critical business processes to employees, management, board members, external auditors and even regulatory inspectors," said Vidya Phalke, Vice President of Engineering at MetricStream. "As most of our customers are now seeking global deployment of their GRC applications, we have also made the framework for supporting multiple languages, multiple time zones, and global organizational models highly configurable and extremely robust in this release."

MetricStream ECP 5.5 is ideal for companies looking for to implement a federated approach to manage their Corporate Governance initiatives Enterprise and Operational Risk, Regulatory and Industry Compliance that spans the entire enterprise. In the recently published report Forrester WaveT: Enterprise Governance, Risk and Compliance Platforms 2007, an Independent Research Firm evaluated Version 5.5 of the MetricStream ECP and noted that "MetricStream demonstrated one of the most flexible GRC platforms evaluated."

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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