MetricStream’s solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management

MetricStream, a provider of governance, risk, and compliance (GRC) applications and solutions, announced today that it has completed a US$65 million financing round, led by Clearlake Capital.

Singapore-based global fund EDBI and existing investors including Goldman Sachs, Sageview Capital and others also co-invested.

The funding will enable California-based MetricStream to accelerate its global growth, enhance its customer support and success, expand into Asia through Singapore, drive innovation in the industry, and increase GRC application adoption with its latest product, M7.

MetricStream’s presence in Singapore will further augment its standing as a trusted business location and encourage the adoption of enterprise risk management solutions in Asia through the city state as its regional headquarters. Local and regional companies would benefit from MetricStream’s GRC solutions which can accelerate their understanding and management of enterprise risk.

In the highly-regulated fintech sector, MetricStream can provide financial institutions with regulatory technologies to address and manage emerging regulatory requirements arising from the proliferation of fintech solutions.

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“This investment will enable us to accelerate our global growth and industry leadership,” said Shellye Archambeau, CEO of MetricStream. “As organizations shift their thinking from risk as a compliance issue, to risk as a performance and decision-making input, they are turning to MetricStream as their strategic and long-term technology partner. MetricStream enables organizations to preserve their corporate integrity, protect their brands and reputations, and perform exceptionally.”

Founded in 2008, MetricStream’s apps and solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including financial services, healthcare, life sciences, energy and utilities, food, retail, CPG, government, hi-tech and manufacturing.

Also Read: Regulation tech has a lot of challenges but comes with big opportunities

MetricStream has an operations and R&D centre in Bangalore, and sales and operations support in 12 other cities globally.

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