Former IBM, Micromuse, Hewlett-Packard Executive and Proven Industry Veteran Joins Aveksa to Further Extend Enterprise Access Governance Market Leadership

WALTHAM, Mass.—March 5, 2008—Aveksa, Inc., the market-leading provider of enterprise access governance solutions, today announced that it has named Arun Oberoi as the company’s new chief executive officer and member of Aveksa’s board of directors. As CEO, Oberoi will be responsible for leading all areas of the business and will work directly with Aveksa’s senior management team to implement its worldwide growth strategy. Oberoi succeeds Deepak Taneja, who will assume the role of president and chief technology officer at Aveksa and will remain on the company’s board of directors.

The Aveksa board selected Oberoi as CEO based on his track record of leading rapid growth at top software organizations, his deep understanding of the IT market, his global perspective, as well as his ability to build high performance teams. In addition, the transition of Taneja, the company’s founder and first CEO, to president and CTO will further strengthen Aveksa’s management team. Taneja was formerly the CTO at Netegrity, a leading identity and access management vendor that was acquired by CA in 2004.

“Arun Oberoi is a proven executive with an exceptional blend of strategic and operational management skills,” said Barry Bycoff, chairman of Aveksa’s board. “His unique skills and experience will enable Aveksa to leverage its first-to-market mover advantage and scale that into global market leadership in enterprise access governance. With the addition of Arun Oberoi, we have a world-class leadership team in place.”

Before joining the company, Oberoi served as executive vice president of worldwide field operations for Micromuse, where he ran all worldwide sales and services. Micromuse was acquired by IBM in 2006 and Oberoi led its continued worldwide field expansion and strong growth, as vice president within IBM Tivoli.

Prior to joining Micromuse, Oberoi held a series of senior executive positions at Hewlett-Packard, including vice president and general manager, corporate accounts and industries. In this role, he managed and expanded HP’s cross-company business with its top 100 Global customers. Oberoi also served as HP’s vice president and general manager, where he was chartered to build and lead HP’s dedicated worldwide software sales and marketing organization. In this position, he was responsible for HP’s software product lines, including OpenView, security and middleware. Oberoi led the sales growth at industry-leading rates, from relatively initial stages to $1 billion in revenues across the portfolio.

“The selection of Arun Oberoi as our new CEO, combined with my transition to the role of president and CTO, is the right next step for Aveksa,” said Taneja. “We have seen tremendous growth in our company in a very short period of time. Arun has the knowledge, expertise and track record to expand our operations and take Aveksa to the next level of success.”

“Aveksa is the innovation leader in enterprise access governance with an impressive list of global customers,” said Oberoi. “I am very enthusiastic about working with our talented team and business partners in delivering the very best-in-class customer value and expanding our leadership position in the market.”

Oberoi received his bachelor’s degree from Delhi University and has a double master’s in Business, with an MBA from Kellogg School of Management, Northwestern University.

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 global Fortune 1000 organizations in financial services, healthcare, transportation and manufacturing. For more information, go to www.aveksa.com.