Scientific Software Announces Spin-off of Productivity and Compliance Solutions Business

Pleasanton, Ca., May 17, 2005

Scientific Software, Inc., a world leader in the development, sale and support of software systems to the scientific community, announced today the formation of an independent, privately held company, Prodiance Corporation. Leveraging over 15 years of experience in compliance solutions for highly regulated markets, Prodiance Corporation emerges from Scientific Software to deliver productivity and compliance solutions based on enterprise content management (ECM), business process management (BPM), and enterprise search technologies.

Prodiance = Productivity + Compliance

"The name Prodiance (pronounced "prO-D-an(t)s"), which comes from the words Productivity and Compliance, captures the essence of the company’s focus on providing comprehensive solutions for the business problems that senior executives care most about – enhancing productivity and complying with today’s regulatory mandates,” said Dr. Soheil Saadat, president and CEO of Prodiance Corporation.

Solution Focus

Prodiance Corporation delivers integrated business solutions to address the most pressing concerns of today’s executives, including increasing productivity for knowledge workers, improving key processes to decrease time to market and increase customer satisfaction, and making compliance with regulatory mandates such as Sarbanes-Oxley, HIPAA, TREAD Act, ISO 9001/TickIT an inherent part of everyday business activities.

"We have found that productivity and compliance are the top business initiatives of most major corporations and that these initiatives are being driven more and more by line-of-business executives in charge of finance, HR, legal, supply chain, sales, marketing and customer support," added Saadat. "With software technologies spanning enterprise content management (ECM), business process management (BPM), and enterprise search, Prodiance delivers the productivity and compliance solutions to address these initiatives."

Over 15 Years of Experience in Compliance

Prodiance is capitalizing on over 15 years of success that Scientific Software has experienced in developing data management and acquisition software for laboratories in highly-regulated markets, including pharmaceutical, biotech, petrochemical, government, forensics, food and beverage, agriculture, and environmental.

With the advent of the U.S. Food and Drug Administration’s 21 CFR Part 11 mandates in the late 1990’s, companies were required to increase security, traceability and authenticity of their electronic records. Having already developed software to capture and analyze raw analytical instrument data, Scientific Software quickly added new ECM and search technologies to enable compliance with the new regulatory mandates. Most recently, BPM technology for process automation was added to their product portfolio, and today the integrated platform is used in several large-scale deployments in 9 of the Top 10 pharmaceutical and biotech organizations in the world.

Building on the knowledge and success that Scientific Software has experienced over the past 15 years, Prodiance is poised to effectively address and meet the compliance and productivity needs and expectations of today’s leading global corporations.

Customer Success

Leading global organizations across the financial, legal, real estate, telecommunications, entertainment, aerospace and defense, health care, educational, manufacturing, and engineering & construction industries, and across the business value chain trust Prodiance for their productivity and compliance needs. Key customers include Aeroflex, Crown Media Holdings (Hallmark Channel), Arizona State University, and Agilent Technologies.

"We felt that Prodiance was a smart choice to help us improve Sarbanes-Oxley compliance for financial spreadsheets because of their clear vision and understanding of corporate governance, risk management and compliance and their commitment to product quality and customer satisfaction," said Richard Bruder, CFO at Aeroflex Colorado Springs.

"The Prodiance ECM platform is a strategic component in our IT infrastructure helping engineers, scientists and professors improve productivity by securely accessing the latest discoveries and research data via the web, while ensuring compliance with regulatory requirements for ISO 9001 and the FDAs GMP/GLP and 21 CFR Part 11", said Dr. Carl Yamashiro, product development leader at the Center for Applied NanoBioscience at the Biodesign Institute at Arizona State University.

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