Leading Life Insurance, Annuities and Asset Management Provider Chooses Aveksa for Access Review, Compliance Certification and Role Lifecycle Management

WALTHAM, MA—January 7, 2008—Aveksa, Inc., the market-leading provider of enterprise access governance solutions, today announced that The Phoenix Companies, Inc. (NYSE: PNX) has selected the Aveksa Access Governance Platform to automate its access review and compliance certification processes, and to provide continuous role lifecycle management across its entire organization. The Aveksa Access Governance Platform is comprised of the Aveksa Compliance Manager, which automates the monitoring, reporting, certification and remediation of user entitlements, and the Aveksa Role Manager, which enables role discovery, modeling and maintenance.

The Aveksa Access Governance Platform is the industry’s first comprehensive solution for access governance, risk and compliance management. With the Aveksa Access Governance Platform, organizations can more efficiently address security and regulatory demands through a collaborative process that automates manual tasks, enforces accountability, provides evidence of compliance and reduces user access related risk.

About The Phoenix Companies, Inc.
With roots dating to 1851, The Phoenix Companies, Inc. (NYSE: PNX) helps individuals and institutions solve their diverse and often highly complex personal financial and business planning needs through its broad array of life insurance, annuity and investment products and services. In 2006, Phoenix had annual revenues of $2.6 billion and total assets of $29.0 billion. For more information, visit www.phoenixwm.com.

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 Fortune 200 organizations in financial services, healthcare, transportation and manufacturing. For more information, go to www.aveksa.com.