Award Recognizes the 100 “Most Promising” Companies Driving the Future of Technology

WALTHAM, Mass. —April 14, 2008 — Aveksa, Inc., the market-leading provider of enterprise access governance solutions, today announced that it has been named a finalist for the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America. The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

“We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring. “It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

“We are honored to be a finalist for this year’s Red Herring 100,” said Arun Oberoi, CEO of Aveksa. “This recognition is a strong point of affirmation of Aveksa’s innovation and execution in providing solutions that resolve critical access governance issues. We are dedicated to delivering technologies that enable customers to achieve sustainable access compliance, while providing them the positive outcome of business assurance by reducing access-related risks.”

The 100 winning companies will be announced at the Red Herring North America conference on May 12-14 in San Jose, Calif. The CEOs of the winning companies will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists at the event. Additional information about the Red Herring North America is available online at: http://herringevents.com/northamerica08/index.html

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.

About Red Herring
Red Herring is a global media company which unites 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. More information about Red Herring is available on the Internet at www.redherring.com.