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Sageview leads hefty $60m for cloud app company MetricStream

5 Sep 2014

cloudInvestment firm Sageview Capital has led a $60m funding round for governance, risk and compliance company MetricStream.

Existing investors Goldman Sachs and Kaiser Permanente Ventures also took part in the financing round.

Sageview co-founder Ned Gilhuly will join MetricStream’s board of directors as part of the deal.

MetricStream provides enterprise and cloud applications for governance, risk and compliance (GRC).

Gilhuly said, “MetricStream impressed us not only with their visionary outlook for GRC, but also with their breadth of customer success amongst a who’s who of Fortune 500 enterprises and mid-market thought leaders.

“GRC is central to the success of every business today, and we are excited to work with the management team to capitalise on this significant market opportunity. We are delighted to have MetricStream in our portfolio.”

Last month Sageview took part in a $45m funding round for content management provider Alfresco Software.

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