Steve Springsteel

CFO

Lonergan Partners is pleased to announce that Steve Springsteel has been named CFO at MetricStream. The search was led by Dotty Schaffer.

About Steve

Steve brings over 30 years of domestic and international experience in operational and financial management. His accomplishments include the management of two successful IPOs, as well as multiple mergers and acquisitions. He also has extensive experience in SAAS and cloud businesses, raising equity and debt funding in the public and private marketplaces, as well as formulating and implementing complex business strategies.

Steve joins MetricStream from Actian, where he was CFO; responsible for all general and administrative functions (Finance, Legal, HR, IT, Facilities, Sales Operations) of the company. While at Actian, he helped double company revenues and successfully integrated four companies. Prior to that, he was CFO for MarkLogic, maker of an enterprise NoSQL database, and he also served as Entrepreneur-in-Residence for U.S.Venture Partners. Steve also held President and CEO positions at software firms including Chordiant Software, Verity and Sagent Technology. As Chairman, President and CEO of Chordiant, he steered the organization to profitability while more than doubling the company’s bookings to record levels.

About MetricStream

MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include UBS, Société Générale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp.

MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRCadvisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California.

We are delighted to welcome Steve as MetricStream’s CFO, where he will lead and execute the company’s financial, legal, and administrative strategies world-wide. Steve brings over 30 years of proven experience in operational and financial management, and he will play a leading role in MetricStream’s continued global growth and expansion.

Shellye Archambeau, CEO, MetricStream

I am excited to join MetricStream, the market leader in enterprise-wide GRC (Governance, Risk and Compliance) solutions at a time of global growth and expansion. I look forward to working with this exciting team to accelerate that growth and push to exceed our customers’ expectations and increase our shareholder value.

Steve Springsteel, CFO, MetricStream

Steve Springsteel is a business-oriented CFO, ideally suited for a fast-growing software company like MetricStream. He knows which levers to pull, and can drill down to detail and see the big picture. Along with his enthusiastic, upbeat leadership style, this makes him a terrific fit for MetricStream.

Dotty Schaffer, Partner, Lonergan Partners