Metricstream partners with TCS

BANGALORE: MetricStream, Inc. and Tata Consultancy Services (TCS) announced a strategic partnership to help clients significantly decrease costs associated with complying with federal regulations such as cGMP, Sarbanes-Oxley 404 and such industry mandates as ISO9000.

By combining TCS' strengths in process and methodologies with MetricStream's software, the two companies will target companies facing varying industry mandates.

In the March 2005 AMR Research report, “Spending in an Age of Compliance,” analyst John Hagerty finds, “companies will spend nearly $15.5B on compliance-related activities,” in 2005. The report also found that 67 per cent of companies with a compliance solution in place planned to add to or improve their current compliance solutions and 31 per cent planned to maintain their current compliance solutions in 2005.

The new partnership between MetricStream and TCS looks to tackle rising compliance costs by integrating MetricStream's market leading technologies with TCS' domain expertise to deliver solutions that reduce the cost of compliance.