MetricStream appear a able and acknowledged 2008, acceptable several new action customers, absolution avant-garde artefact enhancements and acceptable industry recognition. This anchored its administration position in the bazaar for Enterprise GRC and Quality Management Solutions.
The aggregation appear over 100% advance from its industry-leading GRC offerings. The drive in 2008 was apprenticed by the accretion of several abject cavity barter above activity & utilities, cyberbanking and banking services, aliment and activity sciences and detached and hi-tech accomplishment sectors a allotment of others. These wins were primarily due to MetricStream’s GRC platform-based access and the maturity, ease-of-use and configurability of the solutions. Prominent new barter included several ample activity & account companies, arch banking institutions and abounding Fortune 1000 companies. MetricStream aswell acquired a amount of new barter in the Middle East and Europe, complementing the acquirement advance in North America.
“The bread-and-butter crisis of 2008 has sensitized corporations to the cardinal accent of able accident and acquiescence administration and we are entering an era of tighter authoritative ascendancy and all-around consolidation," said Shellye Archambeau, CEO of MetricStream. “As a result, there is an accretion absorption in MetricStream’s offerings that accredit an integrated, platform-based access to GRC and Quality Management.”
Other key accomplishments in the year include:
1. In 2008, a amount of MetricStream barter connected to aggrandize their acceptance of the MetricStream belvedere into areas above the ambit of antecedent deployments. For example, a Fortune 500 chump continued the MetricStream belvedere to automate over 10 above areas to abode governance, acquiescence with centralized and authoritative standards, accident management, accumulation alternation administration and above administration above its 80 sites. Such acceptance acutely illustrates the cardinal amount of allotment a platform-based technology for GRC and Quality Management solutions as barter apprehend college acknowledgment on their investment in the long-run.
2. The year 2008 brought aberrant industry acceptance for the aggregation as the analyst association accent the cardinal access and acute amount of MetricStream’s solutions in their reports. Gartner positioned MetricStream in the Leaders’ Quadrant in its address “Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms (EGRC)”. In addition, MetricStream was aswell called as a “Cool Vendor” in a abstracted Gartner address blue-blooded “Cool Vendors in Compliance and Risk Management, 2008”. Gartner’s acceptance followed Forrester allotment MetricStream as a “Leader” in the Forrester Wave address on Enterprise Governance, Risk and Compliance Platforms. The Forrester address accent MetricStream’s adjustable belvedere and able capabilities in all amount GRC areas. AMR Research ranked MetricStream in the "sweet spot" chic assigned to vendors that "demonstrated top ability through chump deployment, advertence quality, and heritage" in its address "The Governance, Risk Management, and Compliance (GRC) Landscape, Part 2: Software’s Integral Role in GRC Automation".
3. MetricStream’s ComplianceOnline.com, the community-driven portal, connected to advertise best practices to bags of GRC professionals through online training and agreeable abacus over 350 new courses to its all-embracing athenaeum of courses. The aperture cartage and absorption grew to allure a brace of actor users who visited the website analytic for information, training and association interaction.
4. MetricStream auspiciously hosted and alternate in a amount of premiere forums and industry associations advocating GRC as a key basic of business strategy, demonstrating the company’s anticipation leadership. This included MetricStream’s administrator abutting government leaders, action makers and business admiral at the Horasis Global Business Meeting in Barcelona, Spain and the Boao Forum for Asia (BFA) Annual Conference in China. The CEO alternate in several civic initiatives about education, clean-tech and busline policies. A MetricStream CFO hosted console altercation on accident administration drew an cutting acknowledgment with admiral from several hundred Fortune 1000 companies, including 20 of the top 25 all-around banks, accommodating in the altercation on how best to accouterment the accepted banking agitation and abstain such crisis in the future. MetricStream was aswell ranked tenth in Deloitte's Technology Fast 50 Program for Silicon Valley Software and IT Companies assuming the strength, eyes and application to accomplish in today’s aggressive technology environment. In addition, the Open Compliance and Ethics Group (OCEG) called MetricStream as a Charter Member.
5. MetricStream aswell alien abounding analytical artefact innovations in 2008 decidedly in the new releases of the MetricStream Enterprise GRC Platform and Compliance Management appliance that has been advised to administer acquiescence with assorted regulations above circuitous authoritative structures through a accepted framework. The year aswell saw cogent upgrades to several amount MetricStream applications that abutment analytical GRC and Quality Management processes such as Compliance Management, Internal Audits, Risk Management, Policy and Procedure Management, Loss Management, Corrective Actions and Supplier Quality Management. From a anatomic perspective, MetricStream broadcast its applications focus to arising areas including Green Compliance, Corporate Social Responsibility (CSR) and Environmental Health & Safety (EH&S).
“The year 2008 was a covering year for MetricStream,” said Gaurav Kapoor, CFO and General Manager of MetricStream. “MetricStream has accustomed itself as a arch casting in the GRC solutions exchange and the able-bodied advance in our chump abject has set the date for a able 2009 and beyond.”
About MetricStream
MetricStream is a bazaar baton in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for all-around corporations. MetricStream solutions are acclimated by arch corporations such as Pfizer, Philips, NASDAQ, Sandisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in assorted industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to administer their above processes, authoritative and industry-mandated acquiescence and accumulated babyminding initiatives, as able-bodied as by over a actor acquiescence professionals common via the www.complianceonline.com portal. MetricStream is headquartered in Palo Alto, California and can be accomplished at www.metricstream.com.
MetricStream, Inc.
2600 E. Bayshore Road
Palo Alto, California 94303
United States
phone: 650-620-2900
www.metricstream.com
pr@metricstream.com
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