SAN RAMON, California, June 28 /PRNewswire/ --

- Prodiance Spreadsheet Risk Management & Compliance Solution Selected 
for Best Overall Capability and Best Control

Prodiance Corporation, the leading provider of enterprise spreadsheet
risk management and compliance solutions, today announced that UK-based Bloor
Research (http://www.bloor-research.com) has named the Prodiance Spreadsheet
Compliance Edition solution as the technology market leader in its newly
published Enterprise Spreadsheet Management 2007 report. Critical financial
and operational spreadsheets that are uncontrolled can expose organizations
to significant financial and compliance risks. In a comparison of 16
different vendor solutions, Prodiance was declared the technology market
leader in helping organizations effectively manage this risk while improving
compliance and boosting productivity for end users.

"We consider Prodiance to be a market leader along with these vendors,
because of the strength of its technology which, at present at least, we
believe to be superior to those of its rivals," said Philip Howard, research
director at Bloor Research.

As with any risk management and compliance solution, user adoption can
suffer due to product user interface complexities, and heavy administration
requirements posed on IT organizations. Prodiance addresses these issues by
providing a non-intrusive solution that does not require software to be
installed on end user desktops, and by optimizing the user experience. "We
find the more graphical approach of Prodiance to be more appealing and more
intuitive," said Howard.

"Prodiance has developed a comprehensive and integrated suite of products
to help organizations automate internal controls over critical spreadsheets,
from inventory, risk analysis and remediation efforts to establishing a
controlled environment and monitoring the overall process," said Dr. Soheil
Saadat, president and CEO of Prodiance Corporation. "We value Bloor's
independent research and analysis, and are delighted to be so highly
recognized as the technology market leader in the Enterprise Spreadsheet
Management Market."

About Prodiance

Prodiance Corporation is a world leader in delivering comprehensive
solutions and best practices for improving compliance with today's corporate,
regulatory and legal mandates, and boosting productivity for knowledge
workers. With proven technologies and solutions for enterprise spreadsheet
compliance, management of electronic evidence, automation of key business
processes, and federated search for eDiscovery, Prodiance leverages a 15-year
history in delivering solutions for highly-regulated markets. Organizations
across the financial, legal, food and beverage, telecommunications,
entertainment, aerospace and defense, health care, educational,
manufacturing, and engineering & construction markets have trusted Prodiance
as a strategic partner to achieve their goals -- driving down the cost of
compliance, achieving better visibility and control over critical information
and key business processes. Prodiance Corporation is an independent,
privately held corporation based in San Ramon, California. Additional news
and information about Prodiance solutions, products and services is available
at http://www.prodiance.com or by calling +1-866-569-5678.

Web site: http://www.prodiance.com
              http://www.bloor-research.com