Bangalore based MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, has announced record growth globally in 2010, achieving over 85% increase in sales over the year 2009. The rapid pace of regulatory changes and an increasing need for senior management to gain an integrated view of enterprise-wide risks and their impact, have accelerated investments in GRC technology, driving a high demand for MetricStream products and services.
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.
“2010 was an exciting year for MetricStream with a range of key customer wins and achievements – demonstrating our innovation leadership, broadening our business model and delivering substantial value for our customers,” said Shankar Bhaskaran, Vice President – International Business at MetricStream. “As we turn to 2011, we are in an excellent position to benefit from key industry trends: board focus on proactive risk management, increased regulation, continued globalization, and rising complexity of business operations. These trends are driving the need to structure and synthesize massive amounts of risk, policy, regulatory and compliance information, enable collaboration between various business assurance functions and provide actionable intelligence to enable relevant and timely business decisions.”
“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” added Shankar Bhaskaran.
“Our success in 2010 reinforces our market leadership in GRC and positions us strongly to keep providing value to organizations,” said Gaurav Kapoor, Chief Operating Officer at MetricStream. “The GRC market is evolving with an increasing need for companies to create a common GRC information and collaboration model across multiple functional and business areas. Our ongoing innovation around best-of-breed packaged GRC applications combined with industry specific content built on the foundation of a highly configurable, flexible and scalable GRC Platform continues to make us the preferred GRC partner for businesses around the world.”
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, UBS, SanDisk, Subway, Fairchild Semiconductor, and Cummins 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 two million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California.
The company can be reached at www.metricstream.com.
