SOURCE: OptionEase, Inc.

April 28, 2008 16:38 ET

Former eProsper Executive Joins OptionEase

OptionEase Attracts Top New Talent for EVP of Business Development Position

SAN JUAN CAPISTRANO, CA--(Marketwire - April 28, 2008) - OptionEase, Inc., the leader in web based on-demand accounting compliance software, announced today that Pam Washburn, formerly Vice President of Business Development and Marketing at eProsper, will join the company as Executive Vice President of Business Development.

"The addition of Pam to our management team brings tremendous validation for our company and product offering and we are thrilled to have her on board," said Kimberly Kovacs, CEO of OptionEase. "Her leadership, relationships, and operational experience will be instrumental in our becoming the premier accounting compliance solution provider for companies and their service providers."

Washburn will be responsible for sales initiatives and business development activities with companies, their investors, and service providers including financial consulting firms and audit firms.

"OptionEase has quickly established itself as a leader in stock option expensing compliance as evidenced by the phenomenal growth and adoption of the solution by both private and public companies and leading audit firms," said Washburn. "A solution architected from the audit perspective assures our clients that their stock option expense required under FAS123R will be calculated quickly and accurately, and that all compliance requirements, from the disclosure reports to the SAS70 report, are satisfied. I look forward to working with the team here at OptionEase and expanding the company's footprint in this evolving compliance marketplace."

Prior to joining OptionEase, Pam served as Vice President, Business Development and Marketing at eProsper, a company majority owned by SVB Analytics, a Silicon Valley Bank Financial Group company, focused on stock option administration and capitalization management solutions for private companies. Previously she spent 20 years at Hewlett-Packard Company where she held senior management positions in technical marketing, sales development and business development. Her experience also includes operations management of a private equity firm, and she has consulted leading hardware and software enterprise companies in channel and field sales strategies. She received a Bachelor of Arts in math and economics from Mount Holyoke College, and her MBA from the University of Michigan.

About OptionEase, Inc.

OptionEase, Inc. is the leading Web-based software-as-a-service company providing subscription on-demand tools for accounting and financial compliance. After its first year of operations, OptionEase FAS 123(R) is the compliance solution of choice for more than 130 companies and has withstood the rigors of more than 90 successful independent audits. Headquartered in San Juan Capistrano, Calif., OptionEase services publicly traded and privately held venture backed companies of all sizes. For more information visit or call 866-550-EASE (3273).

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