PLEASANTON, CA, July 30, 2010
/24-7PressRelease/ -- Prodiance Corporation, a leading provider of Enterprise Risk Management (ERM) solutions, and InstiSys, a technology consulting firm specializing in treasury operations, trading, and risk management solutions, today announced a formal partnership and new solution to help companies in South America automate internal controls over mission critical spreadsheets, Access databases, and end-user computing (EUC) applications. The joint solution combines best of breed technology from Prodiance with professional services and domain expertise from InstiSys to deliver efficient risk mitigation, improved compliance and process efficiency. Under the agreement, InstiSys will distribute the Prodiance Enterprise Risk Manager (ERM) system in Brazil and other countries in South America.
"South America has been somewhat buffered from the recent financial crisis, and represents a very healthy market for next generation IT solutions," said Bruno Schmidt, President and CEO at InstiSys. "Through the combination of best of breed technology from Prodiance, and our unique experience in the financial services and manufacturing sectors, we can deliver a world class solution for enterprise risk management."
"The combination of InstiSys's leadership in South America, and Prodiance's experience in Enterprise Risk Management solutions made this the perfect partnership," said Dr. Soheil Saadat, President and CEO at Prodiance Corporation. "By partnering with InstiSys, we're empowering companies to embed critical risk management controls into everyday business processes through best practices, domain expertise, and world class technology automation."
Prodiance delivers Enterprise Risk Management (ERM) solutions to help improve integrity, transparency and control 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 of experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations in more than 25 countries across 6 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, Brazil, and Shanghai. Additional news and information about Prodiance solutions, products, and services is available at http://www.prodiance.com or by calling +1.925.460.9191.
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