Prodiance Wins 2007 Innovator Award from Windows in Financial Services Magazine

San Ramon, CA - 5 November 2007

Prodiance Corporation, the leading provider of enterprise spreadsheet management solutions, today announced that it has won the 2007 Innovation Award from Windows in Financial Services magazine for "Innovation in Spreadsheet Risk Management and Compliance."

“Prodiance is an important ally of Microsoft’s in the banking industry, and we’re pleased they’ve been honored by Windows in Financial Services magazine for innovation in the area of spreadsheet risk management and compliance,” said Greg Haislip, U.S. banking industry solutions director, Microsoft Corp. “Prodiance has incorporated the newest advancements available in the 2007 Microsoft Office System into its solution, including integration with Microsoft Office SharePoint Server 2007, Outlook 2007 and the Windows Workflow Foundation, to the benefit of our mutual customers.”

“Each year we recognize firms who have pushed the envelope on technology innovation to help their clients drive competitiveness and demonstrate leadership within financial services,” said Joe Viviani, publisher of Windows in Financial Services magazine. “This year Prodiance has demonstrated these qualities by leveraging the latest enabling technologies available from Microsoft and incorporating them into the Prodiance Enterprise Spreadsheet Management solution.”

“We are delighted and honored to receive the 2007 Innovation Award from Windows in Financial Services magazine,” said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. “More and more financial institutions are facing significant operational and compliance risks presented by uncontrolled spreadsheets. Through our unwavering commitment to innovation and strong relationship, Microsoft and Prodiance deliver an integrated technology solution to help organizations establish sound governance over mission-critical spreadsheets and Access databases.”

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