Fenwick & West represented MetricStream Inc., a market leader in Governance, Risk and Compliance (GRC) applications and solutions, in its recently completed $65 million financing. Clearlake Capital led the round with participation from EDBI and contributions from existing investors including Goldman Sachs, Sageview Capital and others.
MetricStream will use the funds to accelerate its global growth, enhance customer support and success, drive innovation 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. More information about MetricStream’s $65 million financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate lawyers David Bell, Andrew Harper, Ryan McRobert and Alex Petersen.