Prodiance and InstiSys to Deliver New ERM Solution to South America
Prodiance and InstiSys announced a partnership to and new solution to help companies in South America automate internal controls over mission critical spreadsheets, Access databases, and end-user computing (EUC) applications.


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."

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Eric Perry
Prodiance Corporation
Vice President, Marketing
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Pleasanton, CA
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