News

Henderson Global Investors Selects Prodiance ERM to Automate Spreadsheet Controls

Pleasanton, Calif. and London – June 21, 2010 – Prodiance Corporation, a leading provider of Enterprise Risk Management (ERM) solutions, today announced that Henderson Global Investors (‘Henderson’), a leading independent global asset management firm with its principal place of business in London, has chosen the Prodiance Enterprise Risk Manager (ERM) system to mitigate operational risk and automate internal controls over mission critical spreadsheets, Access databases and other end-user computing (EUC) applications. The Prodiance ERM solution will enable Henderson to implement a sustainable solution for spreadsheet and EUC discovery, risk assessment, monitoring, change control, analysis and reporting.

"Asset management firms rely on hundreds of proprietary spreadsheets and EUCs for a variety of asset classes, including equities, fixed income, property and private equity," said Dr. Soheil Saadat, President and CEO at Prodiance Corporation. "The accuracy and integrity of these EUCs is critical to managing operational risk and ensuring compliance with FSA guidelines. Prodiance is pleased to be the chosen trusted partner in Henderson’s EUC initiative, and we look forward to a long and successful relationship, and to meeting their technology and support needs for the long term."

About Prodiance
Prodiance delivers Enterprise Risk Management (ERM) solutions to help improve integrity, 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 20 years of experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations in more than 25 countries across 6 continents, representing a wide variety of industries - banking, insurance, capital markets, energy, telecommunications, manufacturing, media and entertainment, food and beverage, health care, pharmaceutical, and education - have chosen Prodiance as trusted partner to achieve their strategic goals. Prodiance Corporation is an independent, privately held company based in Pleasanton, California with offices in London, Chicago, Philadelphia, New York, The Netherlands, Brazil, and Shanghai. Additional news and information about Prodiance solutions, products, and services is available at www.prodiance.com or by calling +1.925.460.9191.

Prodiance PR Contact:
Eric Perry
Vice President, Marketing
Tel: +1-925-460-9191
Email: eric.perry@prodiance.com

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