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MetricStream Positioned in the Leaders Quadrant in Enterprise Governance, Risk and Compliance Platforms Magic Quadrant

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PALO ALTO, CA--(Marketwire - August 18, 2009) - MetricStream, Inc. today announced that it
has been positioned in the Leaders Quadrant of Gartner's recently released
"Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC)
Platforms"(1) research report.

"We consider our positioning in the 'Leaders' quadrant by Gartner as
validation of our commitment and ability to enable customers to adopt an
integrated, enterprise-wide approach to GRC. Consolidating programs for
Internal Audit, Risk Management, Regulatory Compliance, Policy & Ethics,
Financial Controls and IT Governance is critical for large corporations as
it unlocks the power of collaboration and information sharing resulting in
significant improvement in business performance," said Shellye Archambeau,
CEO of MetricStream. "MetricStream continues to innovate and deliver a
platform that is highly configurable to addressing specific customer
needs."

To read the report, click
here
.

Most industries face GRC challenges that are unique to their business
operations. Whether it is Risk Management, Audits, Compliance, Policy
Management or Quality Management -- different industries have certain
common requirements and some requirements that are specific to the sector.
For example, energy & utility companies have to manage federal and state
requirements including FERC & NERC compliance; global banks & financial
service providers have specific requirements around operational risk, Basel
II, loss management, RCSA & KRIs; insurance companies face Solvency, HIPAA
compliance and other federal & state regulations; life sciences &
healthcare companies have mandates such as FDA compliance, patient safety
laws; retail, food & beverage companies have to comply with food safety and
HACCP compliance requirements. All these are in addition to internal
business processes around risk, internal audit, IT, corporate policies,
ethics and quality management. Bringing these elements of GRC together and
integrating them with performance management is critical and yet
challenging for enterprises.

"We have built a strong reputation for working with global corporations and
delivering GRC solutions with collaboration, workflows and reporting
tailored to their environments," says Gaurav Kapoor, CFO and General
Manager at MetricStream. "MetricStream understands exactly how to address
these varying needs by providing highly packaged solutions yet adapting to
specific industry requirements with the right software functionality as
well as community and content from its ComplianceOnline.com portal. That
continues to be our key differentiator and is well-aligned with the market
demand."

Having deep experience in quality management solutions (QMS) with a number
of successful implementations for corrective actions, supplier quality,
defect tracking and failure investigation MetricStream uniquely understands
the GRC environment and requirements of companies with multi-site
manufacturing operations. Managing areas such as supply chain risks,
Environment, Health & Safety (EHS), operational compliance and quality &
safety audits require a strong process orientation, domain expertise and a
scalable software platform that MetricStream provides.

(1)Gartner, Inc. "Magic Quadrant for Enterprise Governance, Risk and
Compliance Platforms" by French Caldwell, Tom Eid and Carsten Casper,
August 12, 2009

About MetricStream

MetricStream is a market leader in Enterprise-wide Governance, Risk,
Compliance (GRC) and Quality Solutions for global corporations.
MetricStream solutions are used by leading corporations such as Pfizer,
Philips, NASDAQ, UBS, SanDisk, BP, Subway, Fairchild Semiconductor, Hitachi
and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals,
Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and
Financial Services to manage their quality processes, regulatory and
industry-mandated compliance and corporate governance initiatives, as well
as by over a million compliance professionals worldwide via the
www.ComplianceOnline.com portal. MetricStream is headquartered in Palo
Alto, California and can be reached at www.metricstream.com.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with
permission. The Magic Quadrant is a graphical representation of a
marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any vendor,
product or service depicted in the Magic Quadrant, and does not advise
technology users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool, and is
not meant to be a specific guide to action. Gartner disclaims all
warranties, express or implied, with respect to this research, including
any warranties of merchantability or fitness for a particular purpose.

 

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