Date Posted: 1/6/2010
Prodiance Finishes 2009 Strong with 60% Revenue Growth, Gains Significant Momentum in Financial Services
Pleasanton, Calif. and London – January 5, 2010 – Prodiance Corporation, a leading provider of Governance, Risk and Compliance solutions, today announced a very strong finish to 2009 with a 60% growth in revenue over the prior year’s results. Several key wins came in fourth quarter from the capital markets and insurance sectors to help accelerate this growth, and Prodiance now boasts 2 of the top 3 largest financial institutions in the world as customers.
"We are very pleased with our results for 2009 which reflect increased demand for Spreadsheet Management and Control technology and our ability to execute in today’s challenging economic environment," said Dr. Soheil Saadat, president and CEO of Prodiance. "Prodiance has a very strong pipeline and we are optimistic on the outlook for 2010. To this end, we are investing aggressively in new product offerings, and have new job openings to bring in more top talent."
Through the development of advanced workflow, document management, and reporting technologies, Prodiance will address the greater Enterprise Risk Management (ERM) market in 2010.
About Prodiance
Prodiance delivers Governance, Risk and Compliance (GRC) software solutions to help mitigate risk, increase transparency, and automate internal controls 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 experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations in more than 15 countries across 5 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. Additional news and information about Prodiance solutions, products and services is available at www.prodiance.com or by calling +1.925.460.9191.
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