Released on: December 19, 2007, 12:37 am

Press Release Author: Metricstream

Industry: Management

Press Release Summary: New solution follows strong demand for an integrated platform
for addressing multiple regulations in Asia

Press Release Body: MetricStream, Inc., the market leader in enterprise-wide
Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced
its extended offering to support compliance with the Clause 49 requirement laid down
by the Securities and Exchange Board of India (SEBI), adding it to its already
strong and comprehensive solution for SOX compliance. MetricStream enables its
customers to adopt a single platform for managing the multiple GRC initiatives, to
significantly improve the effectiveness of their compliance programs while lowering
the associated costs.
SEBI\'s objective of adding Clause 49 in the Listing Agreement between a company and
the stock exchange it is listed on is to effectuate good corporate governance
practices in Indian companies. The Clause aims to protect the interests of the
investors through improved quality and quantity of disclosures. With the increased
regulatory oversight and investors\' expectations for good governance, it has become
imperative for companies to incorporate best practices in their business conduct and
compliance programs.

\"By implementing compliance programs for Clause 49, Indian companies are
demonstrating their sincerity in following good governance and business ethics and
this will surely raise their ability to compete in the global market,\" said
Ghanshyam Das, MD APAC of NASDAQ Stock Market. NASDAQ and MetricStream have
partnered to offer MetricStream compliance products and solutions to NASDAQ-listed
companies globally. MetricStream\'s products and solutions enables companies to
better manage their governance, risk and compliance processes and potentially reduce
their overall costs related to compliance efforts.

Organizations that are relying on paper and spreadsheet-based processes to implement
their control framework and document and test internal controls to comply with
Clause 49 are realizing that such an approach is excessively resource intensive and
increases the cost of compliance. MetricStream\'s solution enables companies to
achieve and sustain Clause 49 compliance at significantly lower costs and reduces
the risk of non-compliance by seamlessly integrating the design and testing of
internal controls, enabling the automation of testing of controls, tracking and
managing activities to correct deficiencies and weaknesses, streamlining change
control to ensure processes and their documentation always stays in sync, and
providing complete visibility and control over the compliance process through
dashboards and risk heat maps.

In addition, MetricStream provides a library containing over 1500 tests for
automating the testing of application level controls within standard ERP systems in
key financial processes. The solution also supports procedures for surveys and
certifications for affirming the strength of the internal controls and adherence to
policies. This information rolls up to the executive management who can review and
certify overall risk and control assessment for the enterprise.

The Clause 49 solution is built on MetricStream\'s Enterprise Compliance Platform, a
robust infrastructure for web-based applications that drive enterprise process
management for governance, risk, compliance and quality. It also leverages best
practices and domain knowledge from ComplianceOnline.com, MetricStream\'s training
and content portal dedicated to regulatory information and issues.

Through its broad suite of applications, MetricStream provides a common framework
and an integrated approach to meet cross-industry mandates and regulations such as
SOX, OSHA, EH&S, FCPA, and ISO standard as well as the industry focused regulatory
guidelines from FDA, FERC, FAA, HACCP, OMB A-123, AML, Basel II and Data Retention
laws.

\"Our success with extending our market leading solution suite to include Clause 49
compliance demonstrates the value of our solutions for Indian companies looking to
adhere to regulatory compliance\" said Shankar Bhaskaran, Head - Asia Pacific of
MetricStream. \"By enabling our customers to adopt a single platform for managing the
multiple GRC initiatives, we significantly improve the effectiveness of their
compliance programs while lowering the associated costs.\"

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 Fairchild Semiconductor, Hitachi Computer Products
(America), Pfizer, Subway and TaylorMade-Adidas Golf in diverse industries such as
Automotive, Food, Pharmaceuticals, Manufacturing and Electronics 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 ComplianceOnline.com portal. MetricStream is headquartered in
Redwood Shores, California and can be reached at www.metricstream.com

Web Site: http://www.metricstream.com

Contact Details: Gaurav Kapoor
MetricStream, Inc.
3000 Bridge Parkway
Redwood Shores, California
United States 94065
650-620-2932
http://www.metricstream.com
pr@metricstream.com