Approva Announced as North America Top 100 Winner by Red Herring

The leading provider of controls intelligence software, Approva® Corporation (http://www.approva.net ), announced that the company has been selected a Red Herring Top 100 winner, an award which recognizes the 100 most innovative private technology companies headquartered in North America.

Editor-in-chief of Red Herring, Joel Dreyfuss, declared: "The large number of entries in this year's competition demonstrates that the economic slowdown has not affected technology innovation". "The companies on this year's list are proof that creative ideas continue to find the funding that turns them into promising businesses."

An important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs, are Red Herring's annual lists of top private companies. Touted as leaders that would change the way we live and work, companies like eBay, Google and Skype were spotted in their early days by Red Herring editors.

Through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development, Red Herring's editorial staff rigorously evaluated more than 800 private companies.

Red Herring invited, to honor the CEOs of Red Herring 100 North America companies, each one to present his or her company at its Red Herring North America 2008 event, May 12-14, at the San Jose Fairmont. This event, as the venue for the unveiling of the Top 100 private companies in North America, draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 11th anniversary of the Red Herring 100 Awards.