MetricStream’s $65 Million Financing


Fenwick & West represented MetricStream Inc. in its $65 million financing. KPMG Corporate Finance LLC served as the financial advisor to MetricStream for this financing round.

MetricStream Inc., a market leader in Governance, Risk and Compliance (GRC) applications and solutions. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.

Clearlake Capital, a leading private investment firm based in Santa Monica, California, with participation from EDBI, a Singapore-based global fund, and contributions from existing investors including Goldman Sachs, Sageview Capital and others.

The funding will enable 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, a fourth generation GRC technology and platform designed to support dozens of apps and solutions for risk management, compliance, audit, IT security, third party management and other GRC professionals.

The Fenwick transaction team was led by corporate lawyers David Bell (Picture), Andrew Harper, Ryan McRobert and Alex Petersen.???

Involved fees earner: David Bell – Fenwick & West LLP; Andrew Harper – Fenwick & West LLP; Ryan McRobert – Fenwick & West LLP; Alex Petersen – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: MetricStream;

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Author: Ambrogio Visconti