Large Customer Wins and Market Recognition Propel MetricStream’s Success in Serving the Rising Demand for Governance, Risk, Compliance and Quality Management Solutions

PALO ALTO, CA–(EMWNews – July 23, 2008) – MetricStream, Inc., the market leader in

enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management

solutions, today announced that it has recorded outstanding growth in the

first half of 2008 with the quarter ending June 30 being the largest ever

quarter with respect to revenues and enterprise deployments.

The combination of customer wins, expanded usage of the MetricStream

platform by existing customers, unmatched technology innovation, and

continued recognition by analysts has enabled MetricStream to further

strengthen its leadership position in the marketplace. Key accomplishments

in the six months period include:

— The analyst community has highlighted the strategic approach and

compelling value of MetricStream’s solutions in their reports. Most

recently, Gartner placed MetricStream in the Leaders’ Quadrant in its

recently released report “Magic Quadrant for

Enterprise Governance, Risk and Compliance Platforms (EGRC).” In

addition, MetricStream was also named as a “Cool Vendor” in a separate

Gartner report titled “Cool Vendors in Compliance and Risk Management,

2008” published in April 2008. Gartner’s recognition follows Forrester

naming MetricStream as a ‘Leader’ in the Forrester Wave report on

Enterprise Governance, Risk and Compliance Platforms early this year. The

Forrester report highlighted the flexible platform and strong capabilities

in all core GRC areas.

— MetricStream continued to gain customer traction with new marquee global

customers from diverse verticals including energy & utilities, banking &

financial services, retail, high tech, automotive manufacturing, life

sciences and healthcare. Prominent wins included several large energy and

utility companies, one of the world’s top 5 food & beverage brands, a

global retail chain and a large international bank among several others.

MetricStream continued its international expansion by winning new customers

in Canada, Middle East, Africa, South East Asia and India.

— MetricStream continued its product innovation with the introduction of

the Enterprise

Compliance Platform (ECP) version 5.5. This version is rich with new

features and architectural innovations that uniquely address cross vertical

requirements for GRC and Quality Management solutions while improving

performance and increasing ease of use. The Document

Management and Change

Management applications were also upgraded with state-of-the-art

features including a robust framework for policy and procedure management, distributed server architecture and

highly flexible routing. From a functional perspective, MetricStream

expanded its applications focus to emerging verticals including Green

Compliance, Corporate Social Responsibility

(CSR) and

Environmental Health & Safety (EH&S).

— Within thought leadership forums and industry associations, MetricStream

took a leading role in advocating GRC as a key component of business

strategy. Most recently, the Open Compliance and Ethics Group (OCEG) named

MetricStream as a Charter

Member to its Technology Council which was formed to address the

strategic, operational and technical issues that professionals face when

applying information technology (IT) to governance, risk, compliance (GRC)

and ethics management.

— www.ComplianceOnline.com, the leading, community-based resource for

alerts, best practices, training and other information related to

compliance and quality, also posted strong growth of over 200% in terms of

subscribers during the first half of 2008. New areas of coverage on the

portal include Green Compliance, Trade & Logistics Compliance, and EH&S.

ComplianceOnline began offering a set of courses pre-approved for RAC

recertification credits from RAPS — the leading worldwide member

organization devoted to the Regulatory Affairs profession.

“We have seen change in the business environment in early 2008. The effects

of the subprime crisis and the looming economic slowdown accentuate the

need to have tighter controls and stronger risk management strategies in

place. Also, the role of regulators and corporate boards are being

redefined requiring companies to overhaul their GRC infrastructure,” said

Shellye Archambeau, CEO for MetricStream. “As we move through 2008, we are

continuing to innovate through our expanding product suite, dynamic thought

leadership and improved geographical reach to build on our vision of an

integrated GRC and Quality Management solution for our customers.”

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, American Airlines, NASDAQ, SanDisk, BP, Entergy, 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 ComplianceOnline.com portal. MetricStream

is headquartered in Palo Alto, California and can be reached at

www.metricstream.com.