Aceva COO Named to Treasury & Risk Management Magazine's List of Most Influential People in Finance


SAN MATEO, Calif., June 7, 2006 (PRIMEZONE) -- Aceva Technologies, a leading provider of applications for enterprise cash flow performance management, today announced that Aceva's COO, Sanjay Srivastava, has been named one of the world's "100 Most Influential People in Finance" in the 2006 ranking by Treasury & Risk Management magazine (June 2006), a 47,000 closed-circulation monthly magazine that serves Fortune 1000 CFOs, treasurers and controllers. Srivastava is recognized as a thought leader on technology alliances and service-oriented architecture.

"Every year, it is quite a challenge to identify the 100 people most worthy of recognition," said Pat Wechsler, editorial director of Treasury & Risk Management magazine, "We are pleased to include Aceva's Sanjay Srivastava in our list of the 100 Most Influential People in Finance because he and his company are providing the kind of progressive thinking and momentum that will help shape this new era in finance."

"At Aceva, we are proud to be building out an entire industry segment with innovative, market-leading solutions for the office of the CFO," said Sanjay Srivastava, chief operating officer of Aceva. "A key aspect of our success has been building a deep understanding of the current landscape of the operational environment in enterprise finance and layering on top of that which we foresee as the emerging requirements in the industry." He added, "We are honored that Treasury & Risk Management and other leading industry representatives are recognizing the results of our work."

For more information about the 100 Most Influential People in Finance and to see the complete list, please visit: http://www.treasuryandrisk.com/issues/2006_06/careers/536-1.html

About Aceva

Aceva Technologies is a leading provider of software solutions for enterprise cash flow performance management. Aceva's solutions directly address quote-to-cash process breakdowns, quality issues, and automation requirements by delivering global financial visibility, continuous business policy monitoring, comprehensive process automation and workflow, as well as robust reporting and analytics. As a result, customers are able to optimize financial performance and working capital, improve operational excellence and customer satisfaction, and comply with internal controls and regulatory requirements.

Headquartered in San Mateo, California, Aceva's customers include Applied Materials, Avaya, BP, Chiquita, Honeywell, Network Appliance, and Sprint. For more details, visit www.aceva.com, send email to info@aceva.com or telephone (650) 227-5500.

Aceva is a trademark of Aceva Technologies, Inc. All other trademarks and company names mentioned are the property of their respective owners.


            

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