Microsoft announced on Tuesday its acquisition of Prodiance.
Prodiance is a leading provider of Enterprise Risk Management (ERM) software and a close Microsoft partner. The software giant announced the acquisition in a blog post on the company’s Office blog. Microsoft will make Prodiance a wholly-owned subsidary and promises to integrate its software into future versions of Office and SharePoint. Microsoft highlighted the following features that Office customers should expect in future versions:
- Increased security and control over critical business information in spreadsheets
- Comprehensive audit trails, policy enforcements and continuous monitoring of documents
- Risk mitigation and improved compliance through automated risk assessment
“Prodiance has enabled over 100 Fortune 2000 companies to address some of their most complex challenges,” said senior Microsoft Office product manager Albert Chew. “The company’s customers include the world’s top computer manufacturer, several leading global insurance providers, and 4 of the top 5 largest financial services firms in the world.”
Microsoft has created a special pathways mini-site to assist Prodiance customers during the transition to Microsoft Office and SharePoint. Prodiance customers’ support experience for current products will remain the same during the transition to Microsoft, and existing support agreements will be honored through expiration. Upon expiration of these contracts, Microsoft will make new support contracts available for purchase.