Greatholder's troops trailed 1-0 at halftime and had one opportunity and a couple of half chances they couldn't convert in the second half. Midfielder Guy Reeves and forward Liam Shackleton impressed with their work on attack for the villagers while defenders Liam Carrington and Kurtis Mayney operated well.
Greatholder predicted Cambridge, who he described as "big and strong", will win the Satellite division title.
Napier Marist lost their Satellite division quarterfinal 4-2 on penalties to Tauranga City after the score was 1-all at the end of regulation time.
"It was tough to take. We got on top during the second half and dominated both periods of extra time," disappointed Napier Marist coach Jamie Dunning said.
He was ordered away from the game's sidelines after expressing his disgust at what he claimed was a poor standard of officiating.
"There was a hand ball situation which one of the linesmen saw but he said he didn't want to say anything. You are better off having no officials if the ones we have don't want to say or do anything," Dunning said.
He agreed he had to accept the standard of officials in the Satellite division of such a big tournament may not be as good as teams get in the premier division.
"We lose six or seven players from this team to university next year so it was hard team talk in the changing room afterwards. Tauranga City also had the easier draw in a smaller section which meant they only had one 11am game before our 4pm match when we had games at 11am, 1pm and 4pm.
"But it has still been a memorable season for us winning the Premier League and the Challenge Cup."
Tauranga City will play Oratia United of Auckland in their semifinal and Cambridge will take on Christchurch team FCTwenty 11.
Napier Marist and Havelock North were two of five Hawke's Bay teams competing in the 22-team Satellite division of the tournament. The other three failed to reach the quarter-finals.
Porthill United recorded one win and three losses in section play, hosts Napier City Rovers lost all four of their section games and Taradale lost all five of their section games.
Last year's premier division title winners, Western Springs, and runners-up Birkenhead will be missing when the semifinals for the 24-team division begin this morning.
Birkenhead were beaten in the quarter-finals and Western Springs didn't reach the top eight.
Wellington Olympic will take on Cashmere Technical of Christchurch in one semifinal and Ellerslie will meet Hamilton Wanderers in the other.