Prodiance Appoints Michael Hoye as Senior Director of Risk Management Services

Finance executive brings in a wealth of domain expertise from Jefferson Wells advisory practice to enhance Prodiance market leadership and meet increased demand for EUC risk management solutions.

Pleasanton, CA, May 26, 2010 --( Prodiance Corporation, a leading provider of Enterprise Risk Management (ERM) solutions, today announced that finance and risk management domain expert Michael Hoye has been appointed Senior Director of Risk Management Services for Prodiance. Mr. Hoye has 25 years of professional experience in accounting, financial process improvement, end user computing (EUC) risk management and project management.

Prior to joining Prodiance, Mr. Hoye was the global Subject Matter Expert (SME) for Financial End User Application Risk Services for Jefferson Wells International, where he developed the firm’s service delivery methodology and led global delivery. While working with Prodiance over the past 5 years, Mr. Hoye has been instrumental in developing world class spreadsheet diagnostic tools, and has helped many leading organizations automate and improve governance over critical spreadsheets and EUCs. Mr. Hoye has been presenting to international audiences on spreadsheet and EUC risk issues since 2006, and has advised and trained numerous organizations on spreadsheet remediation, controls, and development best practices. Prior to joining Jefferson Wells, Mr. Hoye was Director of Accounting Operations and Financial Reporting at Pepsi Cola General Bottlers, an internationally franchised producer and distributor of Pepsi products.

"Michael brings a wealth of industry experience and domain expertise to his role as Senior Director of Risk Management Services for Prodiance," said Dr. Soheil Saadat, President and CEO at Prodiance Corporation. "With his leadership, Prodiance will be able to offer comprehensive risk management solutions and best practices to clients through new professional services offerings and industry specific product enhancements. Michael’s appointment further enhances Prodiance’s market leadership, and will enable our company to help meet the increased market demand for EUC risk management solutions."

About Prodiance
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 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 or by calling +1.925.460.9191.

Prodiance Corporation
Eric Perry