SOURCE: MetricStream Inc.

January 31, 2007 09:00 ET

MetricStream Participates in TCS Innovation Forum 2007

REDWOOD SHORES, CA -- (MARKET WIRE) -- January 31, 2007 -- MetricStream, Inc., a market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and quality solutions, today announced its participation in the TCS Innovation Forum 2007. The TCS Innovation Forum is sponsored by Tata Consultancy Services (TCS), (BSE: TCS) (NSE: TCS), a leading global IT services and consulting firm. Gunjan Sinha, Executive Chairman of MetricStream participated in an exclusive media event on Innovation with other panelists that included Dr. Mary Jean Harrold -- Professor of Computing, Georgia Institute of Technology and Ajit Nazre, Partner Kleiner Perkins Caufield and Byers (KPCB is an investor in MetricStream as well). This invitation and participation further validates MetricStream's recognition in the TCS ecosystem as a highly innovative company and a leader in the GRC and the Quality space.

MetricStream has a strategic partnership with Tata Consultancy Services to help clients manage their Governance, Risk, Compliance and Quality better and reduce costs associated with complying with federal, state and international regulations, industry mandates and internal policies and procedures.

"TCS continues to invest in partnering with pioneering companies like MetricStream, so our clients can benefit from the emerging disruptive innovation," said Ajoy Mallik, Global Head, Venture Capital Tata Consultancy Services. "The Innovation Forum was set up as an opportunity for our select clients to interact with an eclectic mix of technology experts, including premier Venture Capital Funds and their select start-ups, other select TCS clients, academic partners, R&D and management and exchange ideas."

"We are happy to be part of the Innovation Forum, said Gunjan Sinha, Chairman of MetricStream. "Coming on the heels of the Red Herring Top 100 and Silicon India Top Innovative Companies, this further strengthens the recognition of MetricStream as an innovative company by the market, partners and customers as we firmly establish ourselves as leaders in the Governance, Risk, Compliance and Quality markets."

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the "Global Network Delivery Model," this strategic services delivery concept has reshaped the IT services industry.

More than 95% of TCS customers reward the company's reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 80,000 of the world's best trained IT consultants located in 35 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information:

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 portal. MetricStream is headquartered in Redwood Shores, California and can be reached at

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