September 8, 2011 – Lawson Software, an Infor affiliate, announced its acquisition of Approva Corporation, a continuous controls monitoring software provider, to reduce risk, improve audit efficiency and manage complex financial rules within existing software offerings.
Approva provides organizations’ governance, risk and compliance controls via CCM applications that will become part of the financial applications offered through Lawson and Infor. Approva’s CCM applications monitor control points across the enterprise and alert business users to risks. Approva serves finance, audit and IT functions within one platform; and provides business context to help clients mitigate risk. Approva was founded in 2002 and customers include Bayer, DirecTV, Honeywell, Kraft, Siemens and T-Mobile.
Stephan Scholl, chief executive officer, Lawson, was quoted in the announcement to say, “By adding this CCM capability to the Lawson financial applications, our customers will have new tools to help them quickly identify inconsistencies or broken processes and address them right away.”
“The governance and reporting requirements on our customers and prospects are only going to get more complex,” points out John Becker, Approva’s chief executive officer.
According to the announcement, Lawson plans continued investment in Approva products and will continue to support interfaces with non-Lawson and non-Infor enterprise applications. Terms were not disclosed. The deal closed on September 1.
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