Oversight Technologies to Present at Mid-Atlantic Venture Associations Capital Connection

Venture Capital Group Recognizes Oversight Technologies as Among the Top Emerging Growth Companies on the East Coast

ATLANTA, GA (PRWEB) May 27, 2004 --- With a proven management team and market-validated software solutions, Oversight Technologies has been recognized as one of the top emerging growth companies on the East Coast by the Mid-Atlantic Venture Association and will present at MAVAs Capital Connection June 1 and 2 at the JW Marriot in Washington, D.C.

In March, Oversight Technologies introduced the industrys first continuous transaction incident monitoring system to tackle the threats from authorized users performing inappropriate transactions. Oversights customers include members of the Fortune 500 who rely upon Oversights patent-pending system to monitor their enterprise financial systems to detect, prevent and deter financial loss from systems-based fraud, misuse and errors.

As investors look for strong businesses with compelling technology and a real market opportunity, I look forward to delivering the Oversight Technologies story of customer wins, protected intellectual property and an expanding horizon of transaction incident monitoring applications," said Patrick Taylor, co-founder and CEO of Oversight Technologies.

Produced by the Mid-Atlantic Venture Association (MAVA), Capital Connection 2004 is one of the nations most successful and influential venture events. Over the years, MAVA venture fairs have helped to shape the region's entrepreneurial economy, generating more than $2.3 billion of venture investments in the presenting companies.

In this more challenging investment environment, only the best companies will survive," said Harry Weller, co-chair of Capital Connection 2004 and partner at New Enterprise Associates. The companies presenting at Capital Connection 2004 are among the best emerging companies with talented management teams, exciting technologies and solid business strategies."

About Oversight Technologies, Inc.
Atlanta-based Oversight Technologies pioneered the concept and technologies of Continuous Transaction Incident Monitoring with its real-time solutions that analyze the activities of authorized users in automated business applications. Oversight detects, prevents and deters financial loss from systems-based fraud, misuse and errors by analyzing transactions across multiple business applications in real time. With a team of seasoned executives from information security, fraud examination, business intelligence and financial systems integration, Oversight Technologies designs its solutions to combine the benefits of a systems auditor, fraud examiner, forensics auditor and an information security specialist on duty 24x7 to monitor integrity of business transactions.

About MAVA/Capital Connection
Founded in 1986, MAVA represents the collective interests and leverages the success of venture capitalists investing in the mid-Atlantic. MAVA provides a wide range of programs, information and forums designed to facilitate quality deal flow, encourage collaboration, and foster solid relationships among industry professionals who are committed to helping business growth. Membership includes 375 venture capital professionals at 126 firms with more than $10 Billion in capital under management. In addition, over 265 key professional service providers from the legal, financial, executive search and consulting fields are also MAVA members. For more information, please visit www.mava.org.

Contacts:
Brian Moran               
brian.moran@oversighttech.com
404.920.2039

Amanda Jones
amandaj@ConnectPR.com
801.373.7888