Approva Corporation Relocates to Accommodate Dramatic Growth; Company Expands in Response to Market Demand for Controls Intelligence.

RESTON, Va. -- Approva(R) Corporation, the leader in continuous controls intelligence software for global enterprises, today announced that its Virginia headquarters has moved from Vienna to Reston to accommodate the company's growth over the last year. Having more than doubled its employees in the past year, Approva anticipates continued strong growth in the number of employees during the next year. Approva is now located at 1950 Roland Clarke Place, Suite 300 in Reston, Virginia.

Established in January 2002, Approva is redefining the Enterprise Controls Management market to help companies move beyond compliance to continuous controls intelligence. In a recent survey conducted by Approva, an overwhelming majority of financial executives said they were using compliance technology as a primary method of improving their businesses, as well as for automating compliance and holding down costs.

The Approva BizRights product suite provides an extensible, scalable and comprehensive controls management system designed for the world's largest business environments, automating the testing and monitoring of internal controls and business processes across the enterprise. It is the only solution that provides continuous controls intelligence across leading business software systems, including SAP, Oracle, PeopleSoft and Hyperion, as well as other systems such as legacy applications, and interfaces directly with identity management and document management systems such as SAP's Management of Internal Controls (MIC).

"As a company, we have seen exponential growth due to the rising need for an immediate and sustainable solution to compliance issues in the marketplace since the passage of the Sarbanes-Oxley Act in 2002," said Prashanth (PV) Boccasam, president and CEO of Approva. "But companies also are discovering that improving business controls translates to more efficient business processes and increased profitability. We're growing because Approva delivers products that fuel real business improvement and enhanced productivity."

About Approva Corporation

Approva Corporation enables large organizations to transform compliance efforts into competitive advantage. By offering unique, continuous and actionable insight into business processes, Approva software provides sustainable compliance and delivers improved control, increased profit and enhanced shareholder confidence. The patent-pending Approva BizRights platform is the first product to allow all corporate compliance stakeholders - including business managers, auditors, and information technology specialists -- to collaboratively manage controls and optimize related processes. BizRights provides continuous, independent visibility into ERP activity, producing business-friendly reports that both business and IT managers can act upon. The software correlates user, transaction and system setting data against pre-defined and configurable rules to proactively pinpoint control violations and business exceptions. Valuable risk analysis ranks the impact of potential violations for improved prioritization. With BizRights, companies can resolve issues faster, prevent new control conflicts and create complete audit trails for change management. Global brands such as Campbell Soup, Colgate-Palmolive, Lucent Technologies and others are reducing the cost of compliance, minimizing business risk and increasing operational efficiency with Approva solutions. For more information, visit us at www.approva.net.