Approva has the industry's best cross-platform controls monitoring solution to help companies automate their audit and compliance process
Denver, CO (Vocus) April 14, 2008
Approva® Corporation, the leading provider of controls intelligence software, announced today that it has entered a partnership with Lumigent Technologies Inc., a recognized industry leader in application data auditing for compliance and security. Under the terms of the non-exclusive technology partnership, Approva will develop and market a unified offering that combines Lumigent's flagship solution, Audit DB™, with Approva's BizRights™ Platform and Controls Intelligence Suite. The new solution establishes Approva as the only company that is able to offer a single solution to monitor controls that span from the database layer up through all layers of the major ERP applications as well as legacy systems. The joint offering is planned for availability to the general public early in the third quarter of 2008.
"Approva has the industry's best cross-platform controls monitoring solution to help companies automate their audit and compliance process," said Cliff Pollan, CEO, Lumigent. "This partnership brings together the industry leaders in database auditing and controls management to help companies implement a holistic approach to data protection and privacy."
Seventy to eighty percent of data security breaches are a result of internal access to sensitive information. These statistics illustrate why companies are moving to safeguard data with approaches that go beyond network security and data masking or encryption which can be circumvented by clever perpetrators with inside access. With the number of data privacy and security breaches growing quickly, there is enormous demand for integrated data protection and monitoring solutions like the new combined Approva-Lumigent offering.
Lumigent Audit DB monitors for abuse of information security policies and inappropriate access and use of sensitive access at the database level including Oracle, IBM DB2, Microsoft SQL Server and Sybase ASE. The joint offering adds a second layer of information protection by monitoring access to both the company's databases and access to key financial systems within the organization. The other big advantage is that segregation of duties (SoD) monitoring can now be achieved at the database level with the Approva-Lumigent joint offering.
"Recently recognized by Forrester Research as a leader in the emerging database auditing market, Lumigent's technology combined with Approva's controls intelligence solutions offers a more comprehensive audit solution than anything else available in the market," said Prashanth "PV" Boccasam, Founder and CEO, Approva. "This partnership allows our customers to fully capitalize on the dual benefits of database auditing and continuous controls monitoring with a single solution offered jointly by Approva."
Find out more about Approva at COLLABORATE-08 in Denver, CO (April 14th-16th,), booth number: 1148. Approva will also be presenting two sessions on "Strengthening Data Privacy in PeopleSoft" and "Empower Finance to Take Control of Controls" at COLLABORATE.
Lumigent is the leader in enterprise data auditing solutions for compliance and security. Lumigent's award-winning technology offers the most complete database auditing capability available today, providing organizations with strong IT controls for database access to pass IT audits, address regulatory compliance and enhance data security. Through automation of costly manual controls, Lumigent solutions support a sustainable, cost-effective compliance program and assure the integrity of sensitive information. Lumigent enables organizations to understand what users can do to sensitive data and validate what they actually did. For further information, please call +1 866.586.4436 or visit http://www.lumigent.com.
Approva® Corporation is the leading provider of controls intelligence software and is the industry standard for three of the five largest audit and advisory firms. We automate controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy ERP applications. Global companies such as Bayer, Colgate Palmolive, 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 http://www.approva.net or call us at +1-703-956-8300.
priya.ramesh @ approva.net
roger.hodskins @ lumigent.com