MetricStream

Press Release

A Leading Global Investment Management Company Selects MetricStream Operational Risk Management (ORM) Solution
MetricStream ORM Solution will help the firm drive integrated operational risk management to reduce losses and mitigate risks proactively September 08, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that one of the worlds largest investment management companies has selected MetricStream Operational Risk Management (ORM) solution for a firm-wide deployment. The company is one of the worlds largest investment management firms and provides investment products and services to individual investors, institutions, and financial professionals. With an assets base of over a trillion dollars, the company offers mutual funds, exchange-traded funds (ETFs), individual stocks and bonds, and convenient access to other funds. With thousands of employees and extensive worldwide operations of the firm, it is essential for the top managers to assess operational risks when shaping business strategy and making decisions. The company recognized the need for a new platform to manage risk as multiple legacy systems and applications were being used in silos limiting the managements ability to get a holistic view of risk data and metrics. This upgrade of the companys operational risk management infrastructure is part of its goal to build a risk-conscious culture, increase collaboration and build resilience for dealing with increased globalization, uncertain business environment, technology advancement and complex financial products. The firm will use MetricStream ORM solution to provide a central, group-wide risk management and reporting system and obtain a consistent and quick view of overall risk exposures across risk types, departments and geographies. Supported with a flexible data model and extensive workflow capabilities, the solution will centralize all data and processes related to operational risk management in a reusable library of risks and their corresponding controls and assessments, results from individual assessments, key risk indicators, risk data aggregation, internal and external events such as losses and near-misses, issues and remediation plans. About MetricStream MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as NASDAQ, UBS, Pfizer, Philips, SanDisk, Subway, Fairchild Semiconductor, Constellation Energy and Cummins in diverse industries such as Financial Services, Banks, Healthcare, Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing and Energy 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. Media contact: pr@metricstream.com Phone: 650-620-2900 Fax: 650-632-1953 Website: www.metricstream.com Email: info@metricstream.com