Approva CEO Prashanth "PV" Boccasam Named Ernst & Young Entrepreneur Of the Year® 2007 Award Finalist in Greater Washington

RESTON, Va. - May 14, 2007 - Approva® Corporation (www.approva.net), the leader in continuous controls monitoring and audit automation software, today announced that CEO Prashanth "PV" Boccasam is a finalist for the Ernst & Young Entrepreneur of the Year® 2007 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.

"I am deeply honored to be a finalist for the Ernst & Young Entrepreneur Of the Year Award," said PV. "This recognition is about our company, its people, our partners and the solutions we deliver. The value of our solutions is eclipsed only by the quality of our team members, who understand compliance and forward looking, long-term repeat investors who believed in Approva's vision before Sarbanes Oxley was even passed as a law." PV has been Approva's CEO since the company's launch in 2001. As reports of corporate financial misstatements were first emerging, he envisioned a huge market potential in developing business controls that would continuously monitor key processes to prevent such issues. Over the last five years, PV has shepherded Approva from an idea on a white board to the leading provider of enterprise controls management software.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 21st anniversary this year. Awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 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 17, 2007. The national Entrepreneur Of The Year celebration is part of Ernst & Young's Strategic Growth Forum. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo. Award winners for the Greater Washington region will be announced at a June 21, 2007, event at the Ritz-Carlton in Tysons Corner.

About Approva

Approva® Corporation is the industry-leading provider of continuous controls monitoring and audit software. We enable business, finance, IT and audit professionals to automate the on-demand testing, closed-loop remediation and continuous, exception-based monitoring of controls within and across their business systems. Using our solutions, customers are able to significantly increase visibility into their controls, streamline the audit process, cost-effectively sustain their compliance initiatives and reduce exposure to mistakes, fraud and inefficiencies for business processes such as procurement, sales and delivery, payroll and financial close. In addition, our automated solutions act as key preventative and detective controls, further strengthening our customers' financial and operational control environments. Global companies such as Campbell Soup Company, Colgate-Palmolive, the Commonwealth of Pennsylvania, DirecTV, Discovery Communications, McCormick & Company, P&G, Pratt & Whitney, Siemens and Wyndham Hotels & Resorts rely on Approva BizRights® Platform and Enterprise Controls Suite to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. For more information, visit www.approva.net.

About the Ernst & Young Entrepreneur Of The Year Awards

The Entrepreneur Of The Year(®) 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 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.

For More Information Contact: Matthew Langan
DBC Public Relations for Approva
202.298.7600 x.219
matthew@dbcpr.com