News

Prodiance Raises the Bar for Enterprise Scalability

San Ramon, Calif. – April 15, 2009 – Prodiance Corporation, a leading provider of Governance, Risk and Compliance (GRC) solutions, announced today a new release of the Prodiance Enterprise Spreadsheet Manager (ESM) system with significant performance and scalability enhancements. The new release allows the Prodiance ESM system to easily process complex spreadsheets exceeding hundreds of MBs in size with millions of formulas.

In today’s ever changing business environment, organizations are creating incredibly complex spreadsheets to support mission critical processes such as derivatives trading, insurance operations, energy trading, budgeting and forecasting, and closing the books. Such complex spreadsheets often contain embedded macros and Visual Basic code, special functions, integrations with ERP systems, links to other spreadsheets and data sources, pivot tables, encryption, and hidden data. This complexity combined with the rapid adoption of Microsoft Office 2007 and newer file formats is further increasing file sizes and placing new demands on Spreadsheet Management and Control software.

"By adding support for very large and complex files, increasing auditing efficiency, and reducing memory demands, Prodiance has set the bar for scalability and performance within global enterprise environments," said Eric Perry, vice president of marketing at Prodiance.

Performance enhancements include:

Availability
The new release, including Prodiance ESM, Prodiance eDiscovery, Prodiance Spreadsheet IQ and associated products, is shipping and available immediately to Prodiance customers. Upgrades are available as part of the standard maintenance and support package and customers interested in upgrades may contact their local Prodiance representative, send an email to contact@prodiance.com or call +1-925-543-0054.

About Prodiance
Prodiance delivers Governance, Risk and Compliance (GRC) solutions to help increase visibility, transparency and control over End User Computing applications such as spreadsheets, databases and BI reports which comprise a significant portion of mission critical data within organizations. Prodiance leverages over 18 years experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations across the banking, insurance, capital markets, energy, telecommunications, manufacturing, media and entertainment, food and beverage, health care, and educational markets have trusted Prodiance as a strategic partner to achieve their goals. Prodiance Corporation is an independent, privately held company based in San Ramon, California. Additional news and information about Prodiance solutions, products and services is available at www.prodiance.com or by calling 1-866-569-5678.

Prodiance PR Contact:
Eric Perry
Vice President, Marketing
Tel: +1-866-569-5678
Email: eric.perry@prodiance.com

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