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MetricStream Announces Record Growth and Customer Adoption in 2010

PALO ALTO, Calif. Feb. 9, 2011

MetricStream is widely recognized for the flexibility and scalability of its GRC solutions that are architected to address a variety of risk, compliance, governance, audit and quality management needs across the enterprise.

December 31, 2010

  • Operational Risk Management Audit Management
  • Existing customers expanded their use of MetricStream GRC Platform, resulting in more than doubling of sales to the existing customer base compared to the previous year.
  • Several companies replaced their existing legacy systems, originally created as stand-alone applications, with MetricStream’s next generation GRC solutions. In many cases, multiple legacy systems were retired in favor of an integrated GRC system spanning several processes.
  • Strong momentum was observed in Banking, Financial Services, Energy & Utilities and Healthcare sectors. Other industries that registered momentum were Life Sciences, Food & Beverage, Insurance, Manufacturing and Government sectors. Several Global 100 organizations, premier private and federal institutions and mid-tier corporations were added to MetricStream’s customer portfolio.
  • A healthy mix of Hosted and On-premise Licensing was seen in the MetricStream customer base. MetricStream’s flexible licensing and delivery model were strong differentiators in the market. Several mid-tier, as well as Fortune 100 companies, chose to host their applications with MetricStream’s hosting infrastructure.

Shellye Archambeau risk management

Additional trends and milestones in 2010 were:

Content-driven GRC:

Global footprint: Europe Middle East Asia-Pacific

Product innovation: IT-GRC solution

Services portfolio expansion:

Continued recognition:

Thought leadership: Gunjan Sinha Shellye Archambeau California Gaurav Kapoor

Gaurav Kapoor

About MetricStream

www.ComplianceOnline.com Palo Alto, California www.metricstream.com

Media contact:

[email protected]

Source: http://www.metricstream.com/press N ews/pr_266_record_growth_customer_adoption_2010.html

SOURCE MetricStream

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