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FOR IMMEDIATE RELEASE

Release reinforces our commitment to establish ONE PROCESS for real-time management visibility and accountability. As a CIO, this could be VERY timely - your practical and best move to REDUCING your licensing and operational costs.

Piscataway NJ (April 10, 2009)  OpenMetrik, Inc (www.OpenMetrik.com) today announced the launch of its GRIP On Demand SaaS Framework for instant deployment of true Lean IT Governance, as well as R&D Commercialization.

GRIP is now available as a SaaS On Demand offering in three simple process domains: GRIP Enterprise Portfolio Governance layer, Day-to-day tactical Execution Pipeline layer and Operations & Architecture Excellence layer. The newly introduced “GRIP one-process layers” package is available at $99/user/month with high-availability Cloud Computing Infrastructure.

"Initially, preference is given to Customers who need immediate relief from ineffective PMO implementations. For Customers who have licensed Big Vendor PMO systems and other disjointed software pieces and suffering huge licensing and operational costs. For Customers who want to convert from conventional licensing to GRIP and get immediate cost savings and achieve process simplification ASAP ", said Chandra Sekar VP Product Strategy at OpenMetrik.

Customers who need ready interfaces to SAP / Oracle and other ERP, which are running within their firewall are encouraged to contact OpenMetrik. All SaaS plans include all the features and fully configurable application capabilities of GRIP 2.0 released last year at MIT Emerging Technologies Conference, with automatic software upgrades and various levels of customer support.

Many of the key administration, configuration and portal components have been pre-built and can be further extended for every unique Governance need. And all Event Alerts, Dashboards, Reporting, Messaging and User Interface have been made off-the-shelf.

"This is a breakthrough and a unique combo deal from many perspectives: process unification, consistent business process, build-your-own workflow, real-time BI and Metrics visibility – all for the first time as SaaS On Demand offering. We are excited to be the first in bringing tremendous value to Customers", said Ashok Kumar, President of OpenMetrik.

"Look at the paradigm-shift: we have seen big vendors selling functional silo bits and pieces of software. We have seen Customers struggling to integrate tools and then weave a common functional process through these tool-barriers. We have seen departments built around such tools, each having a huge but hidden resource and operational overhead. We have seen these departments sending file feeds to BI and other Performance Measurement systems, with obsolete data and information that cannot be cross-referenced. And GRIP makes these history and a bad memory. GRIP comes in at the right time of economic slow down to establish a true, lean IT enterprise that the CIOs have been waiting for."

Competitive proprietary software like HP, Oracle, SAP all have complex pricing plans and long-drawn partial implementations. "Being the first to offer SaaS /Cloud offering with in this market space, our prime objective is to pass our cost benefits to our Customers. GRIP On Demand plans put no limitations on the features and welcomes requests for free product upgrades scheduled to be four times a year – again very aggressive for products of this nature. It gives customers the freedom from endless customizations", Chandra says.

GRIP On-Demand Edition packages can be easily purchased online: by contacting Natalia Vargas – Director of Customer Acquisitions & Sales OpenMetrik at 732-465-0440 Ext 124. GRIP is also made available as an On-Premise Enterprise Edition for customers who wish to install GRIP on their servers behind their firewall.

About OpenMetrik:
OpenMetrik develops and markets a new class of enterprise software called GRIP: “metrics-driven management control systems,” representing the convergence of business intelligence, performance measurement, and business process integration. GRIP offers a single, wired, and instrumented enterprise that establishes real-time visibility and accountability, by designing a consistent and comprehensive one-process. It allows CIO, CTO, CFO, and R&D leaders to achieve execution excellence without the hassles of disparate functional silo processes, disjointed, redundant software tools implementation and manual methods of management data aggregation.