Steve Elliott Appointed Chief Technology Officer of Approva Corporation
Promotion Reflects Continued Growth and Commitment to Product Innovation
March 01, 2007 - Reston, VA
Approva® Corporation (http://www.approva.net), the leader in continuous controls monitoring and audit software, today announced that it has named Steve Elliott to the position of Chief Technology Officer. The promotion reflects Approva’s continued commitment to leading the governance, risk & compliance (GRC) market with new and innovative solutions.
Elliott brings extensive experience in developing enterprise software for the audit and compliance market. In his new role he will be responsible for providing vision and leadership for Approva’s technology initiatives in the rapidly changing GRC marketplace. Elliott will also be responsible for driving product strategy and innovation by designing new solutions and enhancements to Approva’s entire suite of products. In this role, Elliott will work closely with Approva’s customers, partners and R&D teams.
“Steve’s experience developing software to automate IT auditing is nearly unparalleled in the industry,” said Prashanth (PV) Boccasam, Approva’s chairman and chief executive officer. “With his leadership and track record of defining groundbreaking new technologies, Approva is positioned to deliver cutting edge products that our customers and partners have come to expect from us.
Since joining the company as Vice President of Strategic Programs in April 2006 Elliott has played a critical role in driving corporate strategy and bringing new products to market for ERP role design and a new product for managing and automating concurrent audit projects. Elliott has also led Approva’s Open Controls Framework™ (OCF) effort, the industry’s first standards-based approach for companies and their auditors to simplify the way they design and analyze controls, report exceptions and audit key application and operational controls. As part of this effort, Elliott helped define two new XML control definition formats, the control reporting language (XCRL) and the control definition language (XCDL) which Approva is promoting to standards organization for adoption.
“Approva is the standard which other companies in the continuous controls monitoring and audit market measure themselves against when it comes to innovation and quality” said Elliott. “I am thrilled to have the opportunity to guide our technology strategy and to help our customers respond to new regulatory guidance while realizing their goals of turning compliance from a cost to an asset.”
Prior to joining Approva, Elliot served as the Vice President of Products at Virsa Systems (subsequently acquired by SAP), where he designed and managed a broad portfolio of products. He also served as Senior Manager in PricewaterhouseCoopers’ Security and Controls practice where he developed a highly successful global service offering called SAFE that focused on the automated testing of segregation of duties controls and preventative provisioning for ERP systems.
About Approva
Approva® Corporation is the industry-leading provider of governance, risk and compliance (GRC) software and is the continuous controls monitoring standard for half of the Big-4 audit firms. We enable business, finance, IT and audit professionals to automate and strengthen business and IT controls across SAP, Oracle, JD Edwards, PeopleSoft and other legacy applications. Global companies such as Bayer, DirecTV, Discovery Communications, First Advantage, Honeywell, P&G, Pratt & Whitney, Siemens and T-Mobile rely on Approva to reduce compliance risk, increase operational efficiency and flag exceptions to their business controls. Approva has certified integrations with Microsoft, Sun Microsystems, IBM and SAP to provide a holistic GRC solution. For more information, visit http://www.approva.net.