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MetricStream Achieves Record Revenue Growth in 2009 with Global Customer Adoption of its Enterprise GRC Platform and Solutions
Date:2/3/2010

MetricStream achieves over a 75% growth in annual sales.

Palo Alto, CA (PRWEB) February 3, 2010 -- Governance, Risk and Compliance (GRC) leader MetricStream today announced significant growth in 2009, achieving over a 75% increase in sales over 2008 combined with record profits. MetricStream’s growth was fueled by companies prioritizing their need to drive business performance by better managing ever increasing complex risk scenarios and compliance requirements. This resulted in both new implementations as well as a high number of replacement implementations. In 2009, MetricStream saw a large number of customers that replaced their existing solutions, from some of its leading competitors, with MetricStream solutions. Research conducted among such customers highlighted three primary reasons they chose to move away from other GRC solutions: lack of scalability, expensive upgrades, and poor vendor responsiveness.

Integrated GRC Drives Momentum: MetricStream’s strongest growth came from corporations that needed either integrated GRC solutions right at the start of their initiatives or needed best-of-breed applications in one or two areas (such as Audits, Risk, Compliance, Policy Management, Environmental Management and Quality Management) but were looking to lay a strong foundation for compliance programs by investing in the right IT architecture that could be extended over time for integrated enterprise-wide GRC. As an example, one of the largest utility companies in the US embraced MetricStream to manage SOX, FERC, NERC, Environmental, ERM, Audits and Corporate and IT Policy programs on a common platform.

Growth in Key Indust
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