Approva CEO Prashanth "PV" Boccasam Named Ernst & Young Entrepreneur Of the Year® 2008 Award Finalist in Greater Washington

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Approva® Corporation (http://www.approva.net), the leader in controls intelligence solutions, today announced that CEO Prashanth "PV" Boccasam is a finalist for the Ernst & Young Entrepreneur of the Year® 2008 Award in the Greater Washington Region.

Chairman and CEO Prashanth "PV" Boccasam

This recognition is a testament to Approva’s leadership in the governance, risk and compliance (GRC) sector and our world class team of professionals that are dedicated to innovation and customer success. Approva has demonstrated consistent growth in the last five years and is now the de-facto controls intelligence solutions used by Global 2000 and Accounting and Risk Advisory firms.

Approva® Corporation (http://www.approva.net), the leader in controls intelligence solutions, today announced that CEO Prashanth "PV" Boccasam is a finalist for the Ernst & Young Entrepreneur of the Year® 2008 Award in the Greater Washington Region. According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. PV was selected as a finalist from over 100 nominations by a panel of independent judges. Award winners will be announced at a special gala event on Thursday June 19, 2008 at the Ritz Carlton, Tysons Corner.

"I am deeply honored to be a finalist for the Ernst & Young Entrepreneur of the Year Award," said Boccasam. "This recognition is a testament to Approva’s leadership in the governance, risk and compliance (GRC) sector and our world class team of professionals that are dedicated to innovation and customer success. Approva has demonstrated consistent growth in the last five years and is now the de-facto controls intelligence solutions used by Global 2000 and Accounting and Risk Advisory firms."

PV has been Approva's Chairman and CEO since he founded the company in 2001. As reports of corporate financial misstatements were first emerging, he envisioned a huge market potential in developing controls intelligence solutions that would continuously monitor key processes to prevent another Enron or WorldCom from happening. Over the last seven years, PV has transformed Approva from an idea on a white board to a market leader in controls intelligence software. Approva customers have moved beyond segregation of duties monitoring and SOX compliance to a more end-to-end approach to controls of their mission-critical business processes.

With the Approva BizRights® Platform and Controls Intelligence Suite, companies can also monitor critical transactions, master data, key business processes at a much deeper level and take calculated risks while preventing fraud or other financial catastrophes.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 22nd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

Sponsors
1. Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.
2. In Greater Washington sponsors include HSBC Bank, Pillsbury Winthrop Shaw Pittman, Reznick Group, Lockton Companies and the Washington Business Journal.

About the Ernst & Young Entrepreneur Of The Year Awards

The Entrepreneur Of The Year(R) awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Year(R) Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.

About Ernst & Young
Ernst & Young, a global leader in professional services, is committed to enhancing the public’s trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at http://www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, a U.K. company limited by guarantee, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited.

About Approva
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.

Media Contacts:
Priya Ramesh
Approva
703-956-8409
priya.ramesh @ approva.net

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