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September 30, 2008
 
 
 
Jones Lang LaSalle
 

HAPPY NEW YEAR


A big shout-out to great sponsor Virginia Tech's Executive MBA Program!  Go from a middle manager to an effective executive in just 18 months. See ad to the right for more details and tell'em we sent you.

 

Our headline above refers both to Rosh Hashana today, and the start of the 2009 government fiscal year tomorrow. Regarding the latter, we thought that'd be an apropos time to check in with Approva CEO PV Boccasam, who likes to joke that his company "keeps CEOs out of jail." Its auditing software automates both IT and financial controls for all major ERP applications (SAP, Oracle, PeopleSoft and legacy) that companies use to run their business, aiming to reduce risk, prevent fraud and lower compliance costs.

 

PV started his company in 2001 just a month after 9/11, but has raised more than $30 million in venture capital from Novak Biddle, Columbia Capital and New Enterprise Associates. As we mentioned yesterday (when we reported on a charity event PV was involved in), the company was recently named by Deloitte the second fastest growing company in Virginia with more than 13,708 percent growth (from 2003 to 2007), and the only software company among the top 10. "Our software is being implemented by a large share of the Fortune 500," PV says, naming Honeywell, Northrop Grumman and Siemens as customers.

 

That's PV showing off a picture of his daughter. Another of PV's loves is wines. He takes part in a monthly wine club that the hosts select wines from specific countries to test. "We get pretty into it, so it's great fun," says PV. So is "PV's Winery" in the future? "Maybe," he says, "but you'll never see my face on the bottle."


DC'S NEWEST TECHIE
 

Former GW president Steve Trachtenberg popped into our office this week (our staff is pretending to look industrious in the background), and we found out he's become quite the Blackberry/cellphone/computer jock.  He had none of those devices for the nearly 20 years he presided over GW, which is what happens when you have a battery of four secretaries trained in dictation and shorthand. Now he spends two hours answering email each day—oh, and even driving himself around. He was under a lot of family pressure to get with it:  One of his sons is in Silicon Valley as a tech evangelist for eBay.


TECHIE GONE GOLFING!
 

Speaking of GW, Bill Collins came by our office on Friday. (We're cheap about decorations and just have people sign the wall.) The former GW baseball player made a fortune founding Alexandria's Metrocall (the onetime huge national paging company—remember pagers?), then led a valiant decade long effort to bring baseball to Northern Virginia, which eventually led to getting a team. But he finally figured out the world's best occupation and is today CEO of National Capital Golf, which acquire golf resorts along the eastern seaboard. We assume that means he's required to test every course.

 
 
 
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