RESTON, VA--(Marketwire - June 30, 2010) - Approva® Corporation (www.approva.net), the leader in continuous controls monitoring (CCM) and audit automation software, announced today that it has been selected as a Red Herring Top 100 North America award winner. Approva was named to Red Herring's prestigious Top 100 list in recognition of the company's continued growth, innovation and technical advancements within the continuous monitoring and auditing industry.
"At Approva, we view our jobs as helping businesses stave off error and waste, and it's an honor to be recognized for all of the effort we've put toward revolutionizing the way companies approach -- and for that matter embrace -- continuous control monitoring," said John Becker, CEO of Approva. "We're proud of our work developing the most complete CCM solution on the market today, and Red Herring's recognition is another indication of the market's growing appreciation of the ability of CCM to improve business efficiency, increase transparency and reduce risk."
The Red Herring Top 100 North America has a long-standing tradition of celebrating the year's leading private companies from North America and has become a mark of distinction for identifying promising new organizations and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay would change the way we live and work.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Approva embodies the vision, drive and innovation that define a successful entrepreneurial venture. Approva should be proud of its accomplishment, as the competition was very strong."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
Winners were honored at a reception on June 24 at the conclusion of the Red Herring North America 2010 conference in San Diego, Calif.
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information visit www.redherring.com.
About Approva
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.
For more information, visit http://www.approva.net, follow us on Twitter, subscribe to our blog, Audit Trail, or call +1-703-956-8300.
Contact Information:
For More Information Contact:
Erin Hawkinson
DBC PR+New Media for Approva
+1.202.292.4574
approva@dbcpr.com