Approva Selected by AlwaysOn as an OnDC Top 100 Winner

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Recognized for game-changing technology and positive impact on public sector

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It's no secret that technology and innovation are vital to bringing our country out of economic recession and transforming important sectors like energy and healthcare

Approva® Corporation (http://www.approva.net/), the leading provider of continuous controls monitoring software, today announced that it has been chosen by AlwaysOn as one of the OnDC Top 100 Winners. Inclusion in the OnDC 100 signifies major developments in the creation of new business opportunities that contribute to the renewed and continued prosperity of our country. Approva was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

“It’s no secret that technology and innovation are vital to bringing our country out of economic recession and transforming important sectors like energy and healthcare,” said Tony Perkins, founder and CEO of AlwaysOn. “We congratulate the OnDC 100 for their success in introducing new tools, services, and systems to address the nation’s top priorities.”

Approva’s continuous controls monitoring applications enable companies to automatically identify and respond to business exceptions that impact their performance. Using Approva, organizations are able to identify and prevent inappropriate payments, reduce fraud, automate compliance obligations and flag accounting errors when they occur to ensure they do not impact financial statements.

Approva and the OnDC Top 100 Companies will be honored at AlwaysOn’s OnDC event on October 19th-21st at the Four Seasons Hotel in Washington DC. This two-and-a-half-day executive event features CEO presentations and high-level debates on sectors most impacted by the federal government including greentech, on-demand computing and IT security, education, and the life sciences.

“Approva is pleased to be selected by AlwaysOn for this prestigious honor,” John Becker, Approva’s chief executive officer. “Some of the largest federal, state & local government agencies rely on Approva to ensure that they are effectively managing the public funds taxpayers have entrusted them with and to minimize exceptions and anomalies in their financial processes that distract them from fulfilling their missions.”

The OnDC 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list. A full list of all the OnDC Top 100 Winners can be found on the AlwaysOn Web site at http://alwayson.goingon.com/permalink/post/33638 .

About Approva
Approva® Corporation is the industry-leading provider of continuous controls monitoring software and is the industry standard at Big-4 audit firms. We enable business, finance, IT and audit professionals to identify, manage and prevent business exceptions in order to reduce compliance risk, increase operational efficiency and prevent inappropriate payments. Global companies such as Bayer, DirecTV, Discovery Communications, First Advantage, Honeywell, Pratt & Whitney and T-Mobile rely on Approva to deliver actionable and auditable intelligence of control breakdowns across their business systems, processes and transactions. Approva has certified integrations with Microsoft, IBM and SAP to provide a holistic Governance, Risk & Compliance (GRC) solution. For more information, visit http://www.approva.net or call us at +1-703-956-8300.

A full list of all the OnDC Top 100 Winners can be found on the AlwaysOn Web site at
http://alwayson.goingon.com/permalink/post/33638

About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, OnDC, GoingGreen East and West, Venture Summit East and West) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

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