SOX News

Aveksa Extends Access Governance Leadership through New Sales and Marketing Initiatives

(Aug 20, 2007)-- Aveksa, provider of enterprise access governance solutions, 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.

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