Technology Innovation, New Funding and Additions to Veteran Management Team Fuel Rapid Industry Adoption for Aveksa Enterprise Access Governance Platform

WALTHAM, Mass.—April 7, 2008—Aveksa, Inc., the market-leading provider of enterprise access governance solutions, today announced rapid growth and business momentum. Through a combination of unmatched technology innovation, new funding, key additions to its veteran management team and a thriving alliance ecosystem, Aveksa has added leading global companies to its growing list of customers and further extended its leadership position in enterprise access governance.

“The access governance failures that now occupy the headlines on a regular basis clearly illustrate the challenges today’s global enterprises face in managing the business risks associated with providing users with access to information assets. The demand for solutions to automate access governance policies and processes has never been greater,” said Arun Oberoi, CEO of Aveksa. “Aveksa has built a world-class organization to deliver the most complete enterprise access governance solution to the worldwide market. We look forward to experiencing even more impressive growth and success in the months ahead.”

Since delivering the first enterprise access governance solution to the market in 2006, Aveksa has continued to innovate to help companies address the risks associated with user access to information resources. Aveksa recently introduced the third generation of its Enterprise Access Governance Platform, which provides organizations with an automated, policy-based approach for governing user access that mitigates access-related business risks while reducing the cost, complexity and burden of ensuring sustainable compliance.

Bookings grew 22 times over the same corresponding period and the company increased the number of global Fortune 2000 customers using its access governance solution by 300 percent. Aveksa’s growing customer list now features top financial services, healthcare, retail, transportation and manufacturing organizations, including CIGNA, The Phoenix Companies, XL Capital and Amscan.

Aveksa has forged alliances with many of the world’s top systems integration and consulting organizations to collaboratively address diverse access risk and compliance needs for customers across a broad range of industries. As part of these efforts, the company recently announced a strategic alliance with PricewaterhouseCoopers LLP (PwC) to help enterprise clients simplify and automate access compliance and role management initiatives. Aveksa now has 15 global and regional system integration firms in its alliance program. In addition to these relationships, Aveksa has also partnered with a number of key technology vendors. Through complementary technologies, tight integration and a uniform focus on delivering customer value, Aveksa and its technology alliance partners offer unparalleled solutions for enterprise access governance.

Aveksa also recently announced that it raised $12 million in Series B funding. The capital will be used to fuel the market expansion of Aveksa’s access governance solutions as well as expand general operations to support recent customer wins and a growing sales pipeline. The company’s growth has also led to the expansion of its executive team. Aveksa recently named Arun Oberoi, a former IBM, Micromuse, Hewlett-Packard executive and proven industry veteran, as its new CEO. Oberoi succeeded Deepak Taneja, who assumed the role of president and chief technology officer. The appointment of Oberoi capped a year in which Aveksa built a veteran management team with deep identity and access domain knowledge. The new additions to Aveksa’s senior management boast successful track records at industry-leading organizations, including RSA, Netegrity, Computer Associates (CA), and PowerSoft.

About Aveksa
Aveksa provides the most comprehensive, enterprise-class, access governance, risk management and compliance solution. Aveksa automates the monitoring, reporting, certification and remediation of user entitlements and roles; enables role discovery and lifecycle management; and delivers unmatched visibility into the true state of user access rights. With Aveksa, business, security and compliance teams can effectively collaborate and enforce accountability. Our growing customer base includes leading global Fortune 2000 organizations in financial services, healthcare, retail, transportation and manufacturing. For more information, go to www.aveksa.com.