Prodiance Corporation, a leading provider of Governance, Risk and Compliance (GRC) software solutions, today announced that in has been ranked as one of the "Big 4" providers of Spreadsheet GRC Software in the latest report from UK based Bloor Research entitled Spreadsheet Governance, Risk, and Compliance: Market Update 2010. The report ranks vendors in four functional categories including Error Checking & Remediation, Discovery & Risk Assessment, Infrastructure, Collaboration, and Monitoring & Control. All vendors scored high and within 0.5 points in terms of overall composite scores, with no clear leader.
"These are all excellent products, and it would be foolish to exclude any of them from any selection process," Philip Howard, research director at Bloor Research. Howard went on to state that "Prodiance has an extensive background in compliance solutions across a variety of vertical sectors. It has excellent workflow, reporting and workbook analysis capabilities and we especially like its graphical visualisation. It supports an extensive range of end user computing sources and storage options, and it has a specific tool for maintaining links between spreadsheets and other data sources (whether spreadsheets or otherwise) when spreadsheets are moved (these can easily get broken). Prodiance has also added significant audit and control capabilities for fraud prevention and detection, including policy checks and proactive email alerts when spreadsheets or Access databases contain suspicious changes."
"We are very pleased to have caught up with the other vendors that have been in this market significantly longer than Prodiance," said Dr. Soheil Saadat, president and CEO at Prodiance. "Being the newest entrant has provided Prodiance the opportunity to leverage the latest technologies while providing a more future proof solution to our customers." In addition to a strong technology solution, Prodiance offers best in class professional services directly through offices in the U.S. and Europe, and through a global network of SI partners. A strong pipeline of enhancements and new products to be released later this year will position Prodiance as the global leader in Enterprise Risk and EUC Management.
Prodiance (prodiance.com) delivers Governance, Risk and Compliance (GRC) software solutions to help mitigate risk, increase transparency, and automate internal controls 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 experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations in more than 15 countries across 5 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, and Shanghai.