Reining In Risk Turns Into Big Business

When Approva Corp. hit the venture capital circuit in late 2001, the Vienna company's founder Prashanth V. "PV" Boccasam pitched the increasing demand for security-control software, a high-tech gotcha system that would reduce internal waste and fraud by red-flagging unauthorized purchases by employees and other improper business practices.

Consul Risk Management Inc., a Dutch company, was already making software to help corporations limit their risk by controlling access to such critical information as financial statements and health care records.

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