SOURCE: MetricStream, Inc

November 18, 2008 09:00 ET

VeriSign Selects MetricStream GRC Solution for Sarbanes-Oxley Compliance

Solution to Serve as the Company-Wide Internal Controls Platform for Regulatory Reporting and Compliance

PALO ALTO, CA--(Marketwire - November 18, 2008) - MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that VeriSign, Inc. has selected the MetricStream solution for its Sarbanes-Oxley (SOx) compliance initiative. VeriSign is the leading provider of Internet infrastructure for the networked world.

The MetricStream solution will serve as an enterprise-wide internal controls platform within VeriSign for financial and non-financial controls. It will enable VeriSign to automate the ongoing testing and review of its internal controls documentation lowering costs associated with complying with Section 404 of SOx. The solution will also ensure the effective implementation of best practices frameworks for internal auditing and risk management programs.

"We are pleased that VeriSign has selected us and we look forward to working closely with them to make this implementation a success," said Shellye Archambeau, CEO of MetricStream. "With a multitude of regulations to comply with, companies today are seeking an integrated technology platform for multi-regulatory compliance to bring down the cost of compliance and reduce the risk of noncompliance. We are pleased to add VeriSign to our growing portfolio of customers looking to streamline their GRC initiatives."

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, 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 www.complianceonline.com portal. MetricStream is headquartered in Palo Alto, California, and can be reached at www.metricstream.com.

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