News

Major Telecom Selects Prodiance to Accelerate the Spreadsheet Management Lifecycle

San Ramon, Calif. – August 25, 2008 – Prodiance Corporation, the leading provider of enterprise spreadsheet management solutions, today announced that a major telecommunications company based in the U.S. has selected the Prodiance Enterprise Spreadsheet Manager (ESM) system to manage and control critical spreadsheets used in finance and accounting operations.

"For almost a year now, the Prodiance ESM system has been successfully deployed at one of our wireless communications subsidiaries," said the director of financial controls for the company. "This expansion of the project builds upon that initial success while delivering an enterprise wide solution for managing the lifecycle of critical spreadsheets, from inventory, and risk assessment, to management and control, review and approval, and continuous monitoring."

"We’re delighted to have been selected to help automate spreadsheet management and control processes for this leader in the telecommunications market and look forward to a long term, successful partnership," said Dr. Soheil Saadat, president and CEO of Prodiance. "We’ve worked very hard to provide a comprehensive solution that is easy to use and easy to maintain while delivering a rapid return on investment. It’s great to see that our customers acknowledge and value these attributes."

About Prodiance
Prodiance delivers enterprise class software solutions to help organizations increase visibility and control over mission critical spreadsheets and Access Databases while improving compliance, mitigating operational risks and driving process improvement. Prodiance leverages over 18 years experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations across the banking, insurance, capital markets, telecommunications, manufacturing, aerospace and defense, 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 corporation 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

###