Approva Selected by AlwaysOn as Top 100 Private Company Award Winner; Further Praise for Leader in Enterprise Controls Management Software.

VIENNA, Va. -- Approva, the leader in enterprise controls management software, today announced that it has been chosen by AlwaysOn as one of the Top 100 Private Company award winners. Approva was handpicked by the AlwaysOn editorial team based on a set of five criteria - innovation, market potential, customer adoption, media buzz and investor value creation.

The AO 100 was selected from over 1,000 companies, nominated by leading venture capitalists, investment bankers and industry analysts. The AO 100 consists of private companies at all stages of development, from early to late stage.

Approva has quickly come to lead the market in enterprise controls management software, which looks at a company's ERP and other IT systems to detect mistakes, fraud or problems with financial processes. As well as helping large companies such as DIRECTV, Wrigley, and Colgate-Palmolive meet compliance requirements set by the Sarbanes-Oxley Act, Approva software also improves business processes and saves money for its customers.

"The AO 100 companies are shaping today's web-driven, connected environment," said Tony Perkins, founder and editor of AlwaysOn. "We were inundated with nominations from leading companies, many of which I hope will appear on our list next year. My congratulations to each AO 100 winner - these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year."

"We are very happy to receive this prestigious award," said Prashanth (PV) Boccasam, president and CEO of Approva. "Many of the world's leading companies are using Approva to transform the way they manage controls and business processes. With excellent customer traction and continued innovation, Approva is proud to receive this important recognition from a leading voice in the IT industry."

The AO 100 will be honored at the AO2005: Innovation Summit at a VIP reception at 5.00pm on July 19, 2005 at the Frances C. Arrillaga Alumni Center on the Stanford University campus in Palo Alto, California.

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(R) 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 Colgate-Palmolive, Wrigley, Pratt & Whitney 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.

About AlwaysOn

AlwaysOn is transforming the communication business with its online blogging network, establishing it as a leader in the Open Media revolution. Borrowing from the underground traditions of blogging and social networking, ALWAYSON (http://www.alwayson-network.com/) was launched in 2003. Today, AO's annual Summit @ Stanford and OnHollywood events, print "blogozine" and online services encourage direct collaboration between global thought leaders and technology insiders. No other media brand has dared allow such openness amongst its readers and participants. ALWAYSON, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.