SOURCE: Bharosa

June 30, 2007 00:21 ET

Bharosa CEO Jon Fisher Named Ernst & Young Entrepreneur Of The Year® 2007 Award Recipient in Northern California

Award Recognizes Entrepreneurial Excellence in Emerging Growth/Security Category

SANTA CLARA, CA--(Marketwire - June 30, 2007) - Bharosa, Inc., a global provider of online security software, today announced that Jon Fisher, CEO, received the Ernst & Young Entrepreneur Of The Year® 2007 Award in the Emerging Growth/Security category in Northern California. According to Ernst & Young, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Jon Fisher was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur Of The Year gala event at the San Francisco - Fairmont Hotel on June 29, 2007.

"I am honored to be named a winner of the Ernst & Young Entrepreneur of the Year Award," said Jon Fisher. "At Bharosa, our goal is to effect positive change, using innovative technology to help ensure trust within the Internet community and to curb a societal ill -- online identity theft and fraud. I attribute our success to our committed customers and our tremendously dedicated employees, including co-founders Thomas Varghese, Bharosa's president & CTO and Don Bosco Durai, Bharosa's vice president of engineering."

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 21st anniversary this year and continues to honor entrepreneurs who have demonstrated excellence in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

"Ernst & Young is honored to recognize extraordinary business leaders, such as Jon Fisher, and the companies they have built," said Rick Fezell, Ernst & Young Entrepreneur Of The Year program director for Northern California.

As a Northern California award winner, Jon Fisher is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 national program. Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award recipient, will be announced at the annual awards gala in Palm Springs, California on November 17, 2007. The national Entrepreneur Of The Year celebration is part of Ernst & Young's Strategic Growth Forum. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are pleased to have Bank of America as the national presenting sponsor, as well as SAP America and the Ewing Marion Kauffman Foundation as national sponsors.

In Northern California, local sponsors include NYSE Group, Inc., Scherzer International, SHIFT Communications, LLC and The Big Picture.

About Bharosa

Bharosa is a global provider of proactive, real-time fraud detection and multifactor online authentication security solutions for the enterprise. Bharosa's Tracker product works behind the scenes to verify a host of factors used to confirm a user's identity, including the user's computer, location and online behavior. Tracker scores risk through a unique and proprietary "gated" security method and responds to risk in real time by increasing online security. Tracker offers strong asset and transaction authentication security that can be implemented without requiring any change to the online experience.

Another Bharosa enterprise product, Authenticator, protects sensitive credentials data from Phishing, Trojans and Proxy-Based Fraud. Tracker and Authenticator together form the organization's most powerful weapon in the fight against online identity theft.

Bharosa, Inc. is a privately held company founded in May 2003 and headquartered in Santa Clara, California. More information is available at www.bharosa.com.

About the Ernst & Young Entrepreneur Of The Year Awards

The Entrepreneur Of The Year® awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Year® Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.

About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to enhancing the public's trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, a U.K. company limited by guarantee, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited.

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