Kapoor said the additional funds will also go to fueling the company's channel initiatives, including partner enablement, geographic expansion and partner support, and R&D investments to enable partners to sell more.
"This investment will help support the expansion of our global field presence, as well as our partnerships with consulting firms, system integrators and resellers," he said. "Additionally, MetricStream University will expand its reach to train and certify thousands of GRC professionals on MetricStream within our channel partner network." "MetricStream is aggressively expanding its channel partner base," Kapoor said. "We expect that to at least double in the next year." Additional funding to "support M&A activities in the future could be accessed from private or public sources," he said. "With MetricStream’s expanding customer base, and recent funding, we are self sufficient to support expansion and growth strategies."