Microsoft acquires tools to use Excel for compliance, risk analysis
- By Kurt Mackie
- Jun 09, 2011
Microsoft Excel spreadsheets could soon be a better tool for handling compliance tasks, automated risk assessments and other jobs.
The company on June 6 acquired Prodiance Corp., which makes a suite of solutions under its Enterprise Risk Manager product line that work with the Excel spreadsheet program. The solutions are designed help organizations with compliance issues, supporting inventory, discovery, risk analysis, management, remediation and the monitoring of "mission critical spreadsheets," according to the Prodiance's description.
Microsoft intends to integrate some of Prodiance's technologies into future Microsoft Office and SharePoint versions, according to Microsoft's announcement. The integration" will add "increased security and control over critical business information in spreadsheets." It will enable auditing and policy enforcement via "continuous monitoring of documents." It's also expected to enable "automated risk assessment."
Microsoft plans to disclose further details about its product integration at a future date. Existing Prodiance customers, as of June 6, can buy more Prodiance licenses. In addition, Prodiance support policies for current customers will continue through their expiration periods. Customers wanting to purchase Prodiance solutions today should wait for Microsoft to disclose pricing and licensing details to be offered with the Office product line at a later unspecified date, according to the FAQ.
A "Microsoft Pathways" page here lists additional transition details associated with the acquisition.