Approva Selected as 2011 CODiE(TM) Awards Finalist

HERNDON, VA--(Marketwire - Apr 20, 2011) - Approva® Corporation, the leader in continuous controls monitoring (CCM) and audit automation software, today announced that Approva One, the only complete CCM solution on the market, has been selected as a finalist for the prestigious CODiE™Awards in the "Best Security Solution" category. Established by the Software & Information Industry Association (SIIA), the CODiEs recognize excellence and achievement in the business software, digital content and education technology industries.

"For more than 25 years, the CODiE Awards have shone a spotlight on the companies and products that are revolutionizing software, education technology and digital content," said Ken Wasch, President of SIIA. "What sets this program apart from all others is that the winners are selected by those who really know their stuff -- whether they're tech executives, industry analysts, or journalists. Approva and all companies that become a finalist can say unequivocally that they are producing one of the finest, most innovative products on the market."

Being selected as a finalist is a unique and important distinction, as the CODiEs are the industry's only peer-reviewed awards program. To be named as a finalist for "Best Security Solution," Approva underwent an intensive review by subject matter experts, analysts, journalists and industry executives with deep experience in the field who evaluated the product on its ease of use, customization features, quality of design, content and technical support as well as the product's visual aesthetics, overall experience and functionality.

"We're honored to have the Approva One suite recognized for the role it plays in protecting organizations from insider threats," said Elisabet Hardy, Approva's vice president of product management. "We designed Approva One to enable business, finance, IT and audit professionals to rapidly identify, investigate and resolve business exceptions that impact their performance -- and respond appropriately. It's gratifying to see this innovation and excellence recognized by our peers in this constantly-evolving industry."

One hundred thirty-one nominations from 98 companies were selected as finalists from among 395 total nominations. Nominated products underwent an extensive review by judges via live demonstration, trial product access and analysis of product documentation. SIIA members will now review finalists and vote for a winner in each category. Winners will be announced on May 25 at the CODiE Awards Luncheon held during SIIA's All About the Cloud conference in San Francisco.

For a complete list of finalists, please visit www.siia.net/codies/2011

About Approva Corporation
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 risk, increase operational efficiency and prevent inappropriate payments. Global companies such as Bayer, DirecTV, Discovery Communications, 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.

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About the CODiE™ Awards
The CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other's work. Since then, the CODiE Awards program has carried out the same purpose -- to showcase the software and information industry's finest products and services and to honor excellence in corporate achievement.

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to 500 leading software and information companies. For further information, visit www.siia.net.