Prodiance Raises the Bar for Performance and Scalability with Enterprise Risk Manager Version 5.5

PLEASANTON, CA, April 07, 2011

Prodiance Corporation, a global provider of Enterprise Risk Management solutions, today announced a new release of the Prodiance Enterprise Risk Manager (ERM) System to help global organizations increase efficiencies and mitigate risk associated with mission critical spreadsheets and Access databases. The new release, Prodiance ERM v5.5, incorporates numerous performance and scalability innovations to further support global users, departments, and lines of business across multiple geographic office locations, including:

- Multitenant Architecture Simplifies Global Deployment, Reduces Cost - Prodiance Audit & Control Manager (ACM) incorporates a new multitenant architecture for v5.5 to support separate system deployments, each with their own security and configuration, without requiring additional hardware. This new feature offers significant cost savings in hardware and IT support.

- Usability Enhancements Drive Adoption - Prodiance ACM v5.5 incorporates a fresh new end user portal with flexible dashboard web parts for tracking the status of critical spreadsheet and Access files through personalized reports and charts.

- New Dashboard Tracks Auditor Recommended Controls - Prodiance ACM v5.5 ships with a new management dashboard for tracking controls applied to each critical file, including versioning, access control, change control, logic inspection, backup, archival, documentation, and other auditor recommended or required controls. These controls are automated through Prodiance lifecycle management and workflow.

- Supports the Latest Microsoft Platform - Prodiance ERM v5.5 incorporates full support across all products for the latest Microsoft platform, including Office and SharePoint 2010, Windows Server 2008 R2 and both 32-bit and 64-bit operating systems.

- Increased Performance Speeds Processing of Monster Spreadsheets - Prodiance Spreadsheet IQ v5.5 incorporates significant speed improvements with a new, highly scalable analysis engine capable of processing ultra large and complex spreadsheets. The product also supports expanded cell analysis options and significant usability enhancements.

- Central Master Inventory Speeds Discovery and Risk Assessment - Prodiance eDiscovery v5.5 incorporates a new architecture with a central SQL Server master inventory for supporting simultaneous discovery instances and rapidly processing ultra-large inventories across distributed file share and SharePoint environments.

"With the Prodiance ERM v5.5 platform release, we have delivered numerous enhancements across the product suite based on customer feedback, auditor guidance, and industry best practices," said Eric Perry, Vice President of Marketing for Prodiance. "Prodiance technology is now even easier to use, easier to deploy across global environments, and even more robust for handling the most complex spreadsheet data. These enhancements will enable our customers to solve one of their most challenging and complex business issues - controlling mission critical spreadsheets - while driving process efficiencies and satisfying data governance mandates."

Availability
Prodiance ERM v5.5 will be generally available and shipping to customers starting March 16, 2011. For more information or to request an upgrade, please send an email to support@prodiance.com or call +1.925.460.9191.

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 http://www.prodiance.com or by calling +1.925.460.9191.