SOURCE: OptionEase

OptionEase

November 10, 2009 09:00 ET

Central Desktop Saves Hundreds of Hours and Thousands of Dollars Annually With OptionEase

Rapidly Expanding Company Leverages OptionEase's Solution and Service to Ensure Equity Compliance

SAN JUAN CAPISTRANO, CA--(Marketwire - November 10, 2009) - OptionEase®Inc., a leader in on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, today announced that Central Desktop, a leading SaaS-based social technology platform for next-generation business teams, is using OptionEase for equity administration, valuation and compliance. The comprehensive OptionEase solution lets Central Desktop navigate the complex FAS 123(R) [now ASC Topic 178] regulation, saving Central Desktop hundreds of hours and thousands of dollars annually.

Central Desktop's venture capital funding in 2008 fostered explosive growth and the need to move beyond managing its equity administration with simple Excel spreadsheets and into an equity compliance software application. Central Desktop chose OptionEase to ensure scalable growth without increasing operational overhead, allowing the company to remain focused on managing its business.

"As we continue on our growth trajectory, it is critical that we stay focused on the strategic direction of our company, even during the rigorous audit process," said Steve Anderson, director of finance and operations for Central Desktop. "OptionEase's solution and superb service gave us peace of mind as we headed into our annual audit. It helps us streamline equity administration and ensure ongoing compliance, eliminating the need to spend excessive time and money with accountants and legal teams throughout the audit."

Built to address audit and compliance issues, OptionEase has more than 400 customers worldwide who use the solution to save time and money with complex regulatory issues and audits. With a 98 percent customer retention rate, OptionEase helps clients across a broad number of industries to administer stock plans and remain compliant.

"Central Desktop is a rapidly expanding company that needs a trusted, long-term partner to achieve ongoing audit readiness and accounting compliance," said Kim Kovacs, CEO and founder of OptionEase. "We built our company and technology from the ground up to deliver a superior solution that is cost-effective, flexible and supported by an expert, dedicated team."

About OptionEase, Inc.

Founded in 2006, OptionEase has become a leader in the highly regulated governance, risk and compliance (GRC) marketplace. The company's first product was designed for FAS 123(R) regulations, but now OptionEase has expanded into other areas such as online collaboration, comprehensive equity management and providing solutions to emerging regulatory challenges. More than 400 private VC-funded and large multi-national public corporations rely on the company's FAS 123(R) compliance software. The company is headquartered in San Juan Capistrano, Calif. and can be reached at 866-550-3273, info@optionease.com or www.optionease.com.

About Central Desktop

Central Desktop delivers a pure Software-as-a-Service (SaaS) social technology platform that allows next-generation business teams to communicate and collaborate more efficiently. Easy to implement and scalable for small and medium-sized businesses, Central Desktop's collaboration software solution allows business teams to interact, share and manage their daily work activities from anywhere at any time. Key Central Desktop customers include the Humane Society, CBS, U.S. Department of Health & Human Services, Avid Technology, Omniture, Gymboree, InterContinental Hotels Group and the University of Wisconsin-Madison. Founded in 2005, Central Desktop is a privately-held company with headquarters in Pasadena, California. For more information about the company, visit http://www.centraldesktop.com.

This press release may include forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement.

Contact Information

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