MetricStream

MetricStream
Industry Governance, Risk Management, and Compliance
Founded 1999
Headquarters Palo Alto, California, United States
Key people
 Gunjan Sinha, Executive Chairman[1]
Shellye Archambeau, CEO[2]
Number of employees
 1,500+[3]
Website www.metricstream.com

'"MetricStream"' is an American Governance, Risk, and Compliance (GRC) apps company with headquarters in Palo Alto, California.[4][5] The company employs more than 1,000 people and has received awards and recognition that include being listed as a Red Herring Top 100 and being ranked 10th on Deloitte's Technology Fast 50.[6][7] The company is best known for its enterprise governance, risk management, and compliance software.[8][9]

History

MetricStream has received funding from various sources, including its original co-founders[10] and current Executive Chairman Gunjan Sinha.[11] One of its earliest funding rounds included $14.1 million from Kleiner Perkins Caufield & Byers in 2006, followed up by $2.5 million in 2009 from Gold Hill Capital and Montage Capital.[12] It also held three rounds of funding in 2013, with its largest being a $48 million of a planned $70 million financing round.[13][14]

MetricStream merged with Zaplet, Inc. in March 2004.[15] As part of the merger, CEO and Chairman Gunjan Sinha became the company's Executive Chairman and Zaplet CEO Shellye Archambeau became CEO of MetricStream.[15] The company moved its headquarters from Santa Clara, California to Zaplet's offices in Palo Alto and the newly formed company kept the MetricStream name.[15] Upon completion of the merger, the company had 100 employees working at its offices in Redwood Shores, California, Halifax and Nova Scotia in Canada, and Bangalore, India.[15][16]

Platform and services

MetricStream provides its software through a main enterprise platform, with applications that are customized for individual entities for compliance with quality standards, industry regulations, risk programs and corporate policies.[17] It also has an online portal for GRC professionals to receive training and updates in the GRC field.[18] MetricStream also provides cloud, implementation, post-sales support, and validation services to support its software.[19]

Awards and recognition

MetricStream has received numerous awards and recognition for its technology innovations, GRC software and customer implementations. Awards include the GRC 20/20 Research 2015 Innovation Awards, which recognized MetricStream for its Mobile Middleware Architecture for Enterprise GRC, as well Quality Management App.[20] In 2015, MetricStream customer Bank of Tanzania and MetricStream were awarded “Best Governance, Risk, and Compliance Project in Africa” at the Asian Banker Middle East and Africa Technology Implementation Awards 2015 hosted by Asian Banker.[21] In 2013, MetricStream was awarded Operational Risk & Regulation's Best GRC Platform [22] and a 2014 GRC Technology Innovation Award from GRC 20/20.[23] Additional awards and recognition have included Forrester Groundswell award in 2009, Deloitte’s Technology Fast 50 award in 2008, and Red Herring’s top 100 hottest private companies in 2006.

See also

References

  1. ↑ "MetricStream to host GRC Summit 2014 in Las Vegas". Indian News and Times. 29 January 2014. Retrieved 16 April 2014.
  2. ↑ Caldwell, Douglas E. (13 March 2005). "Managing through that 'glass ceiling'". Silicon Valley Business Journal. Retrieved 16 April 2014.
  3. ↑ "MetricStream profile". CrunchBase. Retrieved 16 April 2014.
  4. ↑ "Users to focus on 11i tools". Info World via Google Books. 26 November 2001.
  5. ↑ Cleaver, Joanne (2012). The Career Lattice: Combat Brain Drain, Improve Company Culture, and Attract Top Talent. McGraw Hill Professional. ISBN 9780071791700.
  6. ↑ "Technology Fast 500 Asia Pacific Rankings and CEO Survey" (PDF). Deloitte. Retrieved 16 April 2014.
  7. ↑ "MetricStream named among Red Herring 100 hottest private companies". MetricStream. Retrieved 16 April 2014.
  8. ↑ Dipietro, Ben (4 April 2014). "Survey Roundup: Executives on Analytics, Internal Audit". Wall Street Journal. Retrieved 16 April 2014.
  9. ↑ Kolawole, Emi (10 February 2012). "MetricStream CEO Shellye Archambeau on America's innovation economy and the art of success". Washington Post. Retrieved 16 April 2014.
  10. ↑ Brown, Ken Spencer. "MetricStream bags $4M as founders continue dizzying pace". San Jose Business Journal. Retrieved 16 April 2014.
  11. ↑ Salkowitz, Rob (2010). Young World Rising: How Youth Technology and Entrepreneurship are Changing the World from the Bottom Up. John Wiley & Sons. ISBN 9780470644324.
  12. ↑ Ricketts, Camille (2 April 2009). "MetricStream lands $2.5M for compliance software". VentureBeat. Retrieved 16 April 2014.
  13. ↑ Schubarth, Cromwell (12 July 2013). "B2B software maker Metricstream raises $48M". Silicon Valley Business Journal. Retrieved 16 April 2014.
  14. ↑ "MetricStream Completes Strategic Financing". FinSMEs. 1 May 2013. Retrieved 16 April 2014.
  15. 1 2 3 4 Roberts, Timothy (31 March 2004). "MetricStream merges with Zaplet". Silicon Valley Business Journal. Retrieved 16 April 2014.
  16. ↑ Kulkarni, Vishwanath (22 February 2004). "MetricStream to take over Zaplet; double India staff". The Hindu Business Line. Retrieved 16 April 2014.
  17. ↑ Bailey, Brandon (3 May 2013). "Mercury News interview: Shellye Archambeau, CEO of MetricStream". Mercury News. Retrieved 16 April 2014.
  18. ↑ "ComplianceOnline Announces Seminars on Auditing and Administrating Human Resource Policies and Practices". Street Insider (press release). 2 April 2014. Retrieved 16 April 2014.
  19. ↑ Lennon, Mike (10 January 2013). "MetricStream Adds Big Data Analytics Support For Enhanced Risk Intelligence". Security Week. Retrieved 16 April 2014.
  20. ↑
  21. ↑
  22. ↑ Alexander-Webber, Miranda (15 April 2013). "GRC platform of the year: MetricStream". Financial Risk Management News. Retrieved 16 April 2014.
  23. ↑ Rasmussen, Michael (4 March 2014). "2014 GRC Technology Innovation Award: MetricStream Offers Capability to Actively Deliver GRC Content from Multiple Sources". GRC 20/20. Retrieved 16 April 2014.
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