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Approva And MEGA Partner On GRC

Interoperability enables end-to-end controls management process

HERNDON, VA. and BOSTON – June 27, 2011 – MEGA, an innovator in enterprise governance, risk, and compliance (EGRC) solutions, and Approva Corporation, the leader in continuous controls monitoring (CCM) and audit automation software, announced an alliance agreement today to provide an optimized GRC approach. It will allow organizations to use Approva to monitor and test their controls for core financial applications and then publish that control evidence and associated contextual information in the MEGA Suite.

The MEGA Suite provides EGRC solutions that help companies gain control over their operations and maximize business performance within acceptable risk levels. It is used by leading companies to strengthen risk analysis, coordinate GRC processes, and establish a corporate governance approach to managing risk.

Approva One automates IT and financial controls for the major applications used by companies to run their business. CCM assists businesses in reducing business losses and the cost of auditing. Approva One provides an accurate and unified view of enterprise-wide controls.

This alliance will enable organizations to:

Design, test, monitor and manage GRC information for financial and IT operational controls Access dynamic decision support capabilities that go beyond financial controls management Reduce risk and lower overall compliance costs while strengthening the controls environment.

The two solutions are already used in many industries worldwide.

“The partnership between MEGA and Approva will help organizations manage their overall compliance costs while providing a more comprehensive and holistic enterprise-wide business governance solution,” noted Lucio de Risi, CEO, MEGA. “Once again, we are delivering added value to our customers to solve their most pressing GRC challenges.”

“We’re excited to partner with MEGA,” said John Becker, Approva’s CEO. “This is a great example of how Approva’s open integration framework simplifies the way we work with complementary software solutions. It provides enhanced customer value that leverages customers’ investments in compliance solutions such as the MEGA Suite.”

About MEGA

MEGA International provides software solutions for GRC, EGRC, enterprise and operational risk management, internal audit and compliance, business architecture, business process analysis, and enterprise architecture. Based on the powerful MEGA Suite technology, MEGA solutions are used by more than 75,000 people worldwide. Clients include AT&T, DirecTV, Morgan Stanley, NASA, Nissan, Procter & Gamble, Renault, UniCredit Group, and Wyeth. www.mega.com.

About Approva

Approva' Corporation is the industry-leading provider of continuous controls monitoring software and is the industry standard at Big-4 audit firms. We enable business, finance, IT and audit professionals to identify, manage and prevent business exceptions in order to reduce compliance risk, increase operational efficiency and prevent inappropriate payments. Global companies such as Bayer, DirecTV, Discovery Communications, Honeywell and T-Mobile rely on Approva to deliver actionable and auditable intelligence of control breakdowns across their business systems. For more information, visit http://www.approva.net.

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