Approva Named Fastest Growing Company by Washington SmartCEO Magazine

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Selected as Future-50 Winner Based on Employee and Revenue Growth and Winner of Smart CIO Award for Leadership & Vision in Information Technology


We are excited to receive the SmartCIO recognition

Approva® Corporation, the leader in continuous controls monitoring, today announced it has been named to the SmartCEO Future 50 list of the region’s fastest growing companies.

SmartCEO Future 50, sponsored by SmartCEO magazine, recognizes the 50 fastest growing companies in the Greater Washington area based on employee and revenue growth. This year’s Future 50 winners employ 21,000 people and generate more than $6 billion in revenues.

“The Future 50 program is about celebrating growth, which cannot be done without the help and support of others. Whether it is a parent, business partner, or previous employer, we see the value and impact these individuals have and feel privileged to be part of the celebration of how far these CEOs and their companies have come,” says Publisher, Craig Burris.

“The SmartCEO magazine’s Future 50 recognition validates Approva’s growing momentum as the industry’s only independent continuous controls monitoring solution,” said Prashanth “PV” Boccasam, Founder & CEO of Approva. “Our commitment to help corporations comply with government regulations such as Sarbanes-Oxley, as well as improve overall business effectiveness through compliance automation solutions is the foundation to our continued success. This recognition underscores the dedication and the innovation that our world class team has demonstrated towards strengthening Approva’s leadership in the governance, risk and compliance industry.”

Approva CTO Selected as Washington’s Top-50 Information and Technology Pioneers

SmartCEO magazine has also named Steve Elliott, Approva’s chief technology officer (CTO), one of the SmartCIO: Profiles of Financial Excellence awardees. This is based on leadership and vision in building technology that solves real world business challenges. The SmartCIO award recognizes individuals who are making an impact on their company’s present and future success.

As Approva’s CTO, Elliott helps to drive corporate strategy and bring new products to market. Steve’s software and management experience includes building, marketing, and selling enterprise software products in the areas of security management, Internet applications, ERP tools and identity management (IdM). His current team at Approva comprises 120 software developers, some of whom come from the titans of the software industry like Microsoft and IBM.

“We are excited to receive the SmartCIO recognition,” said Steve Elliott, chief technology officer (CTO), Approva. “The synchronization of people, process and technology remains at the heart of Approva’s core business values and we strongly believe in innovation that creates value for our customers and demonstrates a true return on their compliance investments.”

About Approva
Approva® Corporation is the industry-leading provider of governance, risk and compliance (GRC) software for continuous controls monitoring and audit automation. We enable business, finance, IT and audit professionals to automate controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy applications. Our products are a controls monitoring standard for a majority of the Big-4 audit firms. Global companies such as Bayer, DirecTV, Discovery Communications, First Advantage, Honeywell, P&G, Pratt & Whitney, Siemens and T-Mobile rely on Approva to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. Approva has certified integrations with Microsoft, Sun Microsystems, IBM and SAP to provide a holistic GRC solution. For more information, visit

Editors Note: For company news and other information, please log onto to Approva’s press room at

About SmartCEO Magazine
Washington SmartCEO is a regional “growing company” publication. We are not news; we are a resource full of smart ideas to help educate, motivate and inspire Washington's decision-makers. Washington SmartCEO believes that a "growing company" is really determined by the spirit, drive and dynamics of a company's owners and managers, rather than by the size of its building, the number of its employees, or its sales volume. That's why our focus is on decision makers from many different-sized businesses. Each month, a variety of businesses in greater Washington turn to our pages for features, case-study advice and trend analysis, all with a uniquely local flavor. These readers range from younger, dynamic companies, to established multi-generational, family-owned firms. Many of our readers are also involved in companies that are emerging or going public.


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