MetricStream, Inc., a Palo Alto, CA-based provider of Governance, Risk and Compliance applications and solutions, completed a $65m financing round.
The round was led by Clearlake Capital Group, L.P., with participation from EDBI, a Singapore-based global fund, and existing investors Goldman Sachs, Sageview Capital, and others. In conjunction with the funding, Prashant Mehrotra, Partner at Clearlake, will join MetricStream’s board of directors.
The company intends to use the funds to accelerate global growth.
Led by Shellye Archambeau, CEO, MetricStream provides a cloud-delivered platform that streamlines and strengthens an enterprise’s risk management, corporate governance, regulatory compliance, vendor governance, and quality management practices. The company’s solution enables customers to navigate the complex regulatory landscape and ensure they are appropriately managing risk.
MetricStream, which serves enterprise and mid-market customers around the world, across a variety of verticals including financial services, healthcare, energy and utilities, technology and more, has operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally.