Prodiance Receives"Positive" Rating in Report by Leading Analyst

28 March 2008

Prodiance Corporation, the leading provider of enterprise spreadsheet management solutions, today announced that it has received a "Positive" rating in Gartner’s "MarketScope for Spreadsheet Control Products 2008." Prodiance was one of 7 vendors evaluated for the report.

In the report, Gartner states "spreadsheets contain huge amounts of sensitive data but lack the risk controls inherent in IT-managed applications. Spreadsheet control products can reduce risk and improve user efficiency without affecting flexibility."

"Many of our customers are already realizing the benefits of automating controls over mission critical spreadsheets with Prodiance, including effective risk mitigation, improved compliance, and productivity gains," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "We believe Gartner’s "Positive" rating confirms Prodiance’s leadership position in the market and our ability to execute on understanding market needs, delivering the best technology solution, growing a viable and profitable business, and delighting our customers."

1) Gartner, Inc. "MarketScope for Spreadsheet Control Products, 2008" by Jay Heiser and David Furlonger, March 11, 2008.

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