SOURCE: MetricStream, Inc.

February 22, 2007 09:00 ET

Charles Goldenberg Joins MetricStream to Run Its Governance, Risk and Corporate Compliance Business

REDWOOD SHORES, CA -- (MARKET WIRE) -- February 22, 2007 -- MetricStream, Inc., the market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and quality solutions, today announced that Charles Goldenberg has joined the company as its Vice-President for the Governance, Risk and Corporate Compliance Solutions Business. In this new role, Charles will be responsible for driving MetricStream's growth in the areas of Enterprise Risk Management, Corporate & Board Governance, Corporate Compliance including compliance with Internal policies, industry regulations and Sarbanes Oxley.

Charles brings more than 30 years of professional experience to MetricStream, including 25 years as a management consultant. At KPMG Consulting, Charles was the West Coast partner-in-charge for their World-Class Finance practice where he worked with a number of leading companies on Finance process and governance issues. Charles also was KPMG's thought leader regarding the Balanced Scorecard performance measurement framework and a leading practitioner on the topic of activity-based costing. At Deloitte Consulting, Charles was partner-in-charge of the Americas High Technology Industry Practice, and led Deloitte's business relationships at several major accounts, including: Cisco Systems, Microsoft, and Sun Microsystems. At Mercer Management Consulting, he was the managing director for the San Francisco practice. Charles holds a Master of Science degree from Stanford University in industrial engineering and a Bachelor of Science degree in mechanical engineering from the University of California at Santa Barbara, where he graduated with honors.

"We are delighted to have Charles join our organization to build our Corporate Governance, Risk Management and Corporate Compliance business," said Shellye Archambeau, CEO of MetricStream. "We had a successful 2006 driven by our exclusive NASDAQ partnership, expanding our customer base and launching http://corporate.complianceonline.com/ for our SOX compliance and Corporate Governance solutions. With Charles' expertise and guidance, I look forward to significant growth in this business segment in 2007. Combined with the rapid growth and adoption that we are seeing in our Operational Compliance and Quality business segment and the ComplianceOnline.com business, we expect MetricStream to firmly establish itself as a leader in the Governance, Risk, Compliance and Quality space."

"MetricStream has all of the five key ingredients needed for continued success in this business segment -- a very compelling vision, the right products, a list of happy customers that are leaders in their industries, strategic partnerships, and solid domain expertise," said Charles Goldenberg, Vice President, Governance Risk and Corporate Compliance Solutions, MetricStream. "I look forward to working closely with the team to realize our vision for 2007 and beyond."

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 Fairchild Semiconductor, Hitachi Computer Products (America), Pfizer, Subway and TaylorMade-Adidas Golf in diverse industries such as Automotive, Food, Pharmaceuticals, Manufacturing and Electronics 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 ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores, California, and can be reached at www.metricstream.com.

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