Signs New Customers and Expands Executive Team; Forges Strong Systems Integration and Consulting Partnerships

WALTHAM, Mass.—August 20, 2007—Aveksa, Inc., the leading provider of enterprise access governance solutions, today announced significant expansion of its sales and marketing efforts. Building on the momentum created by the recent release of the Aveksa 3 Enterprise Access Governance Suite, Aveksa has increased its customer base, added new partners, expanded its executive team with industry veterans, launched new marketing initiatives and forged strong partnerships with a rapidly growing number of leading systems integrators and consulting organizations.

In June, Aveksa unveiled Aveksa 3, which includes the new Aveksa Role Manager, a role discovery, modeling and lifecycle management solution; and the third generation of its flagship Aveksa Compliance Manager product, a policy-based solution for automated monitoring, review and remediation of user access privileges and compliance automation. The combined capabilities of these two products make Aveksa 3 the industry’s first comprehensive solution for identity and access governance, risk and compliance.

“The effective management of user access rights to enterprise information assets plays a critical role in regulatory compliance and IT risk management. Leading companies are waking up to the benefits of managing them effectively,” said Deepak Taneja, CEO, Aveksa. “By helping organizations to dramatically simplify and automate their previously manual access governance processes, Aveksa has enjoyed strong adoption of our solution. We will continue building on this success through the aggressive expansion of our sales and marketing initiatives.”

Customer Wins Demonstrate Growing Demand for Enterprise Access Governance
Industry-wide demand for Aveksa’s technology has resulted in significant recent customer wins for the company. Leading organizations that have recently turned to Aveksa to automate their enterprise access governance processes include:

• CIGNA, one of the largest investor-owned health and related benefits organizations in the United States, has deployed Aveksa 3 to manage more than 28,000 employees and 300 applications. Using Aveksa 3, the company will have a significantly higher level of visibility into the state of user access rights for risk-relevant applications and dramatically simplified reporting for continuous  compliance.

• XL Capital, a global insurance, reinsurance and financial risk specialist, will rely on Aveksa to obtain visibility into entitlements and roles, and to deploy an automated end-to-end reporting, certification and remediation process for Sarbanes-Oxley compliance. Aveksa combines all of these capabilities, providing XL Capital the ability to serve key business constituents, automate controls assurance and ensure that risk and compliance management is integrated into the IT fabric.

• Amscan, the largest designer, manufacturer and distributor of decorated party goods and party accessories in the world, is utilizing Aveksa services to automate and simplify its identity-driven compliance and risk management initiatives across its entire enterprise. Aveksa automates access rights monitoring and compliance reporting across Amscan’s identity and security infrastructure, compliance-relevant business and financial applications, payroll system and legacy financial and ERP applications.

Established Executive Team Adds Security Sales & Marketing Veterans
CEO Deepak Taneja continues to increase the depth and talent of his executive team with the appointments of domain experts in security and compliance who will play key roles in helping the company expand upon its market leadership. Aveksa recently added the following industry veterans to expand customer and partner programs while advancing sales and marketing initiatives:

• Pamela Cyr was named vice president of business development and is responsible for Aveksa’s channel and alliance initiatives. Cyr has more than 17 years experience in global strategic alliance management, business development, corporate M&A, product management, and engineering management in the enterprise software and the security solutions space; and previously served as director of business development at RSA.

• Brian Cleary was named vice president of marketing and is responsible for driving all facets of Aveksa’s global marketing effort, expanding awareness of the company’s brand and the business impact of its technology. Cleary has more than 15 years of marketing experience, working with leading enterprise security and risk management companies such as Computer Associates (CA), Netegrity and OpenPages.

Forging Strong Systems Integration and Consulting Partnerships
Aveksa continues to build strong relationships with a rapidly growing number of consulting firms and systems integrators that now implement Aveksa solutions as part of their overall service offerings in the areas of identity management, audit, and controls and compliance consulting. Driven by Aveksa’s commitment to providing customers with solutions that are tailored to their unique requirements and provide measurable business results, the company’s efforts have yielded tremendous success, resulting in strong systems integration and consulting partnerships to service a broad range of markets. Recent additions to Aveksa’s growing list of partners include:

• Certified Security Solutions, Inc., a national information security consulting firm specializing in identity management, application and platform security, and security performance management.

• Crowe, one of the top 10 public accounting and consulting firms in the United States.

• ILANTUS Technologies, a global company offering end-to-end Identity Management Solutions.

• Mycroft Inc., a premier provider of IAM and related IT security services to large and medium sized organizations across a variety of vertical markets.

• SDG Corporation, a leading global strategy and services firm with a full spectrum of services to enable customers to plan, assess, select, implement and integrate complete infrastructure and application projects.

• SENA Systems, a leading provider of consulting services in the Identity and Access Management domain.

• Tevora Business Solutions, an enterprise solutions provider focused on security and compliance that aids enterprises in protecting their most important assets from external and internal threats.

About Aveksa
Aveksa provides the only 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 organizations in financial services, healthcare and manufacturing. For more information, go to www.aveksa.com