Societe Generale Goes Live with MetricStream for Compliance Risk Program

MetricStream GRC Platform implementation to streamline, automate and integrate compliance risk management, reduce costs and enhance business assurance

PALO ALTO, California, August 11, 2010 - MetricStream Inc., the market leader in enterprise-wide Governance, Risk
and Compliance (GRC) solutions, today announced that Societe Generale has
gone live with MetricStream for a Compliance Risk Assessment and Management
Solution. The solution will enable the bank to streamline and simplify
compliance by integrating risk assessments across countries, functions and
processes, using a single platform. The first phase has been rolled out in
France and the UK for the corporate and investment banking division.

Societe Generale is one of the largest banks in the world with operations
in over 80 countries. The bank focuses on three main areas of banking –
Retail Banking and Specialized Financial Services, Corporate and Investment
Banking, and Global Investment Management and Services. Given the scale and
complexity of its operations, the bank is sharply focused on complying with
regulations, effectively managing risks and safeguarding the interests of its
customers and shareholders.

Since the 2008-09 financial crisis, banks across the globe, including
Societe Generale, are confronted with a barrage of new risks and regulations,
as well as increasing scrutiny by global bodies. In this demanding and
complex environment, banks have begun to prioritize consistent compliance
with regulations and effective risk management.

By implementing MetricStream, Societe Generale can comprehensively assess
and manage risks, establish and monitor controls and meet the demands of
regulations across its vast multi-country operational network. MetricStream
has delivered the bank a complete end-to-end workflow automation system for
the compliance risk management process, along with unique capabilities such
as integration of regulatory content with the compliance workflow. The bank's
complete risk and regulatory requirements can now be managed through a
single, central platform.

Chris Davis, Head of Compliance at Societe Generale, was delighted with
the results. "We believe we are the first global bank to conceive and
implement an enterprise-wide Compliance Risk Assessment and Management
platform — it is a model in technology advancement that will potentially be
a benchmark in the industry for how complex compliance challenges can be
managed effectively. We did experience a certain apprehension before
embarking on this initiative due to its magnitude; however, our fears were
quickly dispelled with MetricStream's proficiency in delivering a solution
architected in line with our vision and expected benefits."

"Phase I of the Compliance Risk Program has been extremely successful and
we look forward to Phase II," says Shankar Bhaskaran, VP-International at
MetricStream. "MetricStream was selected over other GRC solution providers
for several reasons. Our platform has the flexibility to adapt to the bank's
complex operations. Our solutions contain a unique built-in architecture with
content-based intelligence to provide relevant regulatory information and
initiate appropriate actions. More importantly, MetricStream can ensure
consistent compliance across business units, processes and locations in the
complex multi-country, multi-regulatory environment that global banks operate
in."

MetricStream Compliance Risk Assessment and Management solution will
enable Societe Generale to conduct risk assessments and mitigation based on
configurable methodologies and algorithms based on risk impact and
likelihood. Additional capabilities include:

    -- Compliance risk dashboards that use risk heat maps and color-coded
       charts to provide increased visibility into the bank's risk profile
       across the enterprise.
    -- Action plans that are triggered from the risk assessment process.
       Automatic notifications are sent to appropriate personnel for
       investigative task assignment and remedial action.
    -- Compliance risk reports that allow for comprehensive tracking and
       reporting of compliance status, compliance/business action plans and
       changes in risk rating over a specific period of time.
    -- Alerts and notifications that are generated using emails and task
       assignments, allowing managers to proactively track compliance
       regulations, track issues and apply corrective measures.

"We are delighted that Societe Generale will utilize MetricStream for
their compliance and risk requirements and this implementation is a testimony
to the rich capabilities of our solution as well as our ability to meet the
complex IT requirements of global banks in the areas of integration,
configurability, scalability and security," says Shellye Archambeau, CEO at
MetricStream. "Since the recent financial crises, MetricStream has emerged as
the preferred GRC partner for leading financial institutions across the
world. We aim at providing a comprehensive range of solutions that extend
beyond software to include consultancy services and content specifically
designed to meet the unique needs of the banking and financial services
industry."

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, NASDAQ,
UBS, SanDisk, Subway, Fairchild Semiconductor, SunTrust Banks and Cummins 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 www.ComplianceOnline.com portal. MetricStream is
headquartered in Palo Alto, California and can be reached at
www.metricstream.com.

    Media contact:
    pr@metricstream.com

MetricStream, +1-650-620-3943, pr at metricstream.com