MetricStream’s ComplianceOnline.com Community Wins Prestigious Analyst Award

PRLog (Press Release) – Nov 12, 2009 – MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced that its ComplianceOnline.com online portal and community has been honored with a 2009 Forrester Groundswell Award in the Business-to-Business Spreading category. The Forrester Groundswell Awards recognize excellence in achieving business and organizational goals with social technology applications.

ComplianceOnline.com has emerged as the world’s largest online destination for GRC and Quality Management professionals. ComplianceOnline.com offers its members quick access to relevant information in the Corporate Governance, Risk Management, Compliance (including Commercial Compliance, RAC Audits, Corporate Integrity Agreements, ISO, PCI, NERC, FERC, FDA, AML, Basel) and Quality Management domain, as well as connects them directly with a vast community of consultants and experts with the right experience and knowledge. This award recognizes ComplianceOnline.com’s ability to successfully leverage the power of individual knowledge for spreading best practices and information as a trusted member of a prestigious online community.

Understating the value of integrated content and community with software solutions, MetricStream created ComplianceOnline.com after intensive market research with the purpose of engaging senior executives in the risk, compliance and corporate governance functions. Today, the portal is a reliable source for professionals seeking information, best practices, training, products and tools on corporate governance, risk management, regulatory compliance and quality management. To enable effective implementation and adoption of compliance programs for meeting regulatory demands, ComplianceOnline.com offers a variety of channels for dissemination and exchange of information through online training, alerts, vertical search, discussion forums and best practices library services. Compliance alerts service enables ComplianceOnline.com members to monitor developing compliance-related news stories and keeping current on industry regulations.

“We are happy to have been recognized for our innovative use of social media and professional networking in delivering GRC solutions. Governance, Audit, Compliance, Risk and Quality professionals constantly worry about changes in regulatory environments, standards, resulting risks and uncertainty, and how to best deal with them. By tapping into the wisdom of ComplianceOnline.com’s expert community and information library, users derive significant value while saving effort and expense,” said Gaurav Kapoor, CFO and General Manager at MetricStream. “Further, since the ComplianceOnline.com content repository is integrated with MetricStream GRC platform, our customers benefit from best practices that are accessible from within the applications. For example, the integration enables intelligent and content driven features such as triggering of business processes such as risk assessments or policy updates based on regulatory alerts and industry notifications.”

The Forrester Groundswell Awards support and recognize the principles outlined in the Forrester Research book Groundswell: Winning in a World Transformed by Social Technologies (Harvard Business Press, 2008). Winners were selected based on specific results demonstrating the successful use of social technologies to advance an organizational or corporate goal. More information about the Forrester Groundswell Awards is available at www.forrester.com/groundswell

MetricStream partnered with Regalix, Inc., an innovative digital marketing and technology firm, to develop and make ComplianceOnline.com one of the leading social media B2B properties on the web.

The award was jointly received by MetricStream and Regalix.

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, UBS, SanDisk, BP, 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.