The leader in controls intelligence solutions, Approva® Corporation, announced that CEO Prashanth "PV" Boccasam is a finalist for the Ernst & Young Entrepreneur of the Year® 2008 Award in the Greater Washington Region. The awards program, according to Ernst & Young, was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. A panel of independent judges selected PV as a finalist from over 100 nominations. At a special gala event on Thursday June 19, 2008 at the Ritz Carlton, Tysons Corner, award winners will be announced.

Since he founded the company in 2001, PV has been Approva's Chairman and CEO. He envisioned a huge market potential in developing controls intelligence solutions that would continuously monitor key processes to prevent another Enron or WorldCom from happening, as reports of corporate financial misstatements were first emerging. PV has transformed Approva, over the last seven years, from an idea on a white board to a market leader in controls intelligence software. Approva customers have moved beyond segregation of duties monitoring and SOX compliance to a more end-to-end approach to controls of their mission-critical business processes.

Companies can also master data, monitor critical transactions, key business processes at a much deeper level and take calculated risks while preventing fraud or other financial catastrophes, with the Approva BizRights® Platform and Controls Intelligence Suite.

Its 22nd anniversary is celebrated this year by the Ernst & Young Entrepreneur Of The Year awards program. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year national program. At the annual awards gala in Palm Springs, California on November 15, 2008, award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced.