3.18.2008 - 08:00am ET

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

"MetricStream is thrilled to join OCEG at this significant point in the evolution of global GRC practices,” said Gaurav Kapoor, 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 and risk management software, process implementation, user training and organizational best practices 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 Solutions for global corporations. MetricStream enterprise solutions are used by leading corporations in diverse industries such as pharmaceutical, medical device, high tech manufacturing, energy, financial services, healthcare, manufacturing, food and beverages and automotive to manage quality processes, regulatory and industry-mandated compliance and corporate governance initiatives.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.

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 headquartered in Redwood Shores, California with offices in Atlanta, Georgia, and Bangalore, India. MetricStream, along with its network of partners, provides hosting, implementation, post-sales support, and validation services for its solutions to ensure that customers realize the maximum value from their investments. In addition, MetricStream's ComplianceOnline.com portal is used by over a million compliance professionals worldwide to improve their work productivity and for professional growth. MetricStream has received numerous awards including the Red Herring 100, Enterprise Outlook Investors' Choice, Supply and Demand Executive 100, and the HotTech award. Investments from blue-chip venture capital firms such as Kleiner Perkins and Integral Capital in association with corporate investors such as Cisco, Novell and Oracle have enabled MetricStream to make continued investments in its market leadership. For more information, please visit 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(TM). Please visit us at www.oceg.com.

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