SOURCE: MetricStream, Inc.

March 18, 2008 09:30 ET

MetricStream Joins OCEG as the Newest Charter Member

REDWOOD SHORES, CA and PHOENIX, AZ--(Marketwire - March 18, 2008) - MetricStream and The Open Compliance and Ethics Group (OCEG) are pleased to announce that MetricStream, a global leader in Compliance, Risk, Corporate Governance and Quality Management Solutions, has joined OCEG as the newest Charter member. MetricStream is looking forward to contributing broad and deep experience in compliance, risk management processes, quality management and guidance on corporate governance to OCEG's expanding GRC process foundation, guidelines, tools and technology program initiatives.

"MetricStream is delighted to join OCEG at this significant point in the evolution of global GRC practices," said Gaurav Kapoor, General Manager and CFO of MetricStream. "OCEG's consortium of leading GRC practitioners and services, software and content providers is defining improved practices in Governance, Risk and Compliance management. OCEG is dedicated to the alignment of compliance, policy and risk management with information technology, improving corporate performance for thousands of GRC professionals and their companies. MetricStream's approach to comprehensive GRC excellence and supporting technologies is synchronized with OCEG's global vision. We look forward to the deepest collaboration with OCEG and to working with other GRC leaders at the OCEG Charter, Leadership and Technology Council levels."

"OCEG is thrilled that MetricStream has joined our esteemed group of Charter members. We believe that MetricStream's substantial expertise in compliance, risk and quality management software along with user training and organizational best practices available on MetricStream's ComplianceOnline.com portal will serve our entire community of more than 13,000 GRC practitioners. MetricStream's contributions to the expanding body of global GRC knowledge will deepen the value of OCEG GRC guidelines, implementation tools and standards for all our members," according to OCEG President, Carole Switzer.

MetricStream is a market leader in Enterprise-wide GRC and Quality Management Solutions for global corporations operating in diverse industries such as pharmaceutical, medical device, high tech manufacturing, energy, financial services, healthcare, manufacturing, food and beverages and automotive. MetricStream's product portfolio comprises of a comprehensive suite of applications based on the patent-pending Enterprise Compliance Platform (ECP). The applications are designed to manage compliance with quality standards, industry regulations, risk programs and corporate policies. MetricStream also operates ComplianceOnline.com, the leading internet destination for professionals interested in information exchange, best practices, training and consultation services on all aspects of Governance, Risk, Compliance and Quality Management.

With over 13,000 members representing 66 industries across 46 countries, OCEG provides critical information to some of the largest, most reputable companies in the world, while also meeting the needs of individual GRC executives. OCEG is the only nonprofit organization that offers comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance processes. OCEG's unique organizational structure allows members to take advantage of contributions from thousands of experts in companies on a similar mission: aligning overall company performance with GRC objectives.

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, American Airlines, NASDAQ, SanDisk, BP, Entergy, 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 ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores, California and can be reached at http://www.metricstream.com/.

About the Open Compliance & Ethics Group

OCEG is the only nonprofit organization offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk management, internal control and compliance (GRC) processes. Our unique platform and organizational structure helps you take advantage of contributions from thousands of experts and companies -- many of them just like yours. Our guidance, benchmarking, custom tools and communities of practice help you and your organization drive principled performance™. Please visit us at www.oceg.org.

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