PALO ALTO, CA--(Marketwire - August 10, 2009) - MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that it has recorded outstanding growth in the first half of 2009 posting strong bookings, exceeded revenue projections and winning significant customers.
MetricStream's GRC business recorded a strong 76 percent revenue growth in the first half of 2009 as compared to the same time last year. The first half results were driven primarily by new customer acquisitions in the United States and Europe. MetricStream is now serving some of the world's largest companies in life sciences & healthcare, banking & financial services, energy & utilities, retail and hi-tech manufacturing.
The recession, failure of governance, increasing regulations globally and consolidation trends have all come together to accelerate the focus of large corporations on Enterprise and Operational Risk, Regulatory and Financial Compliance, Policy Management, Operational and Internal Audit, Quality Management and Supplier Performance.
MetricStream's first half 2009 highlights include:
"In the remainder of the year, we will continue to invest in our platform, content, community and our people to deliver innovative solutions," said Gaurav Kapoor, CFO and General Manager at MetricStream. "MetricStream is well positioned to help customers effectively manage the GRC challenges of the current economic environment and to significantly extend our leadership position in marketplace."
About MetricStream
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