Microsoft acquires Prodiance to integrate risk-management into future Office releases

Microsoft acquires Prodiance to integrate risk-management into future Office releases

Summary: Microsoft announced on June 7 its acquisition for an undisclosed amount of enterprise risk management (ERM) software vendor Prodiance.

SHARE:

Microsoft announced on June 7 its acquisition for an undisclosed amount of enterprise risk management (ERM) software vendor Prodiance.

Microsoft bought Prodiance "to bring more compliance functionality within Microsoft Office," according to a frequently asked questions (FAQ) document on Prodiance's site. "Microsoft plans to integrate its technologies into a future version of Office and SharePoint. Roadmap and licensing will be announced later," the statement added.

So far, it's unclear which version of Office will get the technology first. Microsoft is in the midst of developing Office 15, the version of Office expected to come to market by 2013. Microsoft has yet to release a test build of Office 15.

On its own blog, Microsoft officials noted that Prodiance is currently a Microsoft partner and that Prodiance will become a wholly-owned Microsoft subsidiary.

Microsoft said to expect Prodiance's technology to bring to future versions of Office and SharePoint functionality including increased security and control over critical business information in spreadsheets; comprehensive audit trails, providing policy enforcement and continuous document monitoring; and risk mitigation and improved compliance through automated risk assessment.

Prodiance's technology already is used by more than Fortune 2000 companies, according to Microsoft.

During the transition in ownership, existing Prodiance customers will continue to obtain support for their current products from Prodiance. "(E)xisting support agreements will be honored through expiration," Prodiance said on its Web site. "Upon expiration of these contracts, new Microsoft support offerings will be available for purchase (where support is not covered by customers’ existing support contracts with Microsoft) to ensure ongoing support availability of Prodiance technologies."

Topics: Software, Collaboration, Microsoft

About

Mary Jo has covered the tech industry for 30 years for a variety of publications and Web sites, and is a frequent guest on radio, TV and podcasts, speaking about all things Microsoft-related. She is the author of Microsoft 2.0: How Microsoft plans to stay relevant in the post-Gates era (John Wiley & Sons, 2008).

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

6 comments
Log in or register to join the discussion
  • This I could understand

    The Opalis acquisition seemed to be in left field. Prodiance makes for a nice synergy. Will this become part of the Systems Center line like Opalis or the Office line, like SharePoint?
    Your Non Advocate
    • Opalis and Prodiance

      Hi. Opalis is already part of the System Center family, with a new version with Sys Center branding due later this year. Prodiance is going to be integrated with Office and SharePoint, not with Sys Center family. MJ
      Mary Jo Foley
  • RE: Microsoft acquires Prodiance to integrate risk-management into future Office releases

    Another example of MicroSoft innovation.
    john_gillespie
  • Microsoft & Prodiance

    With the possible release of Office 15 I would suggest that Microsoft fixes the NOT RESPONDING problem that has plagued Office programs; especially Outlook, before they issue the new program. I also hope that the support problems that knowledge, some of the contracted Philippine Support Centre staff have are enhanced.
    punkah1
  • RE: Microsoft acquires Prodiance to integrate risk-management into future Office releases

    A more improved Microsoft Office 15

    <strong><a href="http://hlcgroup.net/areas-served/florida-2/tampa-florida">Mortgage Tampa FL</a></strong>
    <strong><a href="http://hlcgroup.net/areas-served/florida-2/tampa-florida">Mortgage Tampa Florida</a></strong>

    <strong><a href="http://GARMIN-REVIEW.COM">Garmin Reviews</a></strong>
    nuel.stein
  • RE: Microsoft acquires Prodiance to integrate risk-management into future Office releases

    Tremendous vital personal data, more and more credit about the novelist. It is definitely difficult beside me in these times, despite the fact mostly, examples of the capabilities and also added benefits is recognized mind-boggling. A fantastic dollar amount cheers problems and even advanced the beginners chance! [url=http://www.pro-nfl-jerseys.com/]cheap saints jerseys[/url],[url=http://www.pro-nfl-jerseys.com/matt-ryan-jersey-matt-ryan-jersey-atlanta-falcons]matt ryan jersey[/url],[url=http://www.pro-nfl-jerseys.com/bo-jackson-jersey-oakland-bo-jackson-jersey-large]bo jackson jersey[/url],[url=http://www.pro-nfl-jerseys.com/women-jack-lambert-jersey-steelers-jack-lambert-jersey]jack lambert jersey[/url], Aristocrate, remarkable house world-wide-web web present. Purely where solution to may appropriately with the web internet site's Rss?
    homeioy89-24353649207314981462912785253739