SOURCE: OptionEase


January 05, 2010 09:00 ET

OptionEase CEO Kimberly Kovacs Appointed to The National Center for Employee Ownership Board of Directors

OptionEase CEO to Take an Active Role in Promoting NCEO Mission and Vision

SAN JUAN CAPISTRANO, CA--(Marketwire - January 5, 2010) - OptionEase®, Inc., a leader in on-demand software-as-a-service (SaaS) applications for equity administration and compliance, today announced that The National Center for Employee Ownership (NCEO) has appointed Kimberly Kovacs, co-founder and CEO of OptionEase, as a member of the NCEO's board of directors. The NCEO, a nonprofit organization, is the country's leading source of information on all forms of broad-based employee ownership, including employee stock ownership plans (ESOPs), employee stock purchase plans (ESPPs) and individual equity awards, such as stock options, restricted stock, phantom stock, stock appreciation rights and related awards.

Founded in 1981, the National Center for Employee Ownership has over 2,700 members nationwide. It is by far the most widely cited source for all media coverage of employee ownership. Its mission is to provide the most objective and reliable information possible about broad-based ownership plans at the lowest practical cost. It does that through extensive research, over 30 publications, over 50 annual webinars, a legal journal, several live seminars, a comprehensive annual conference, a newsletter and a website that attracts thousands of visitors daily.

OptionEase is a leader in the highly complex governance, risk and compliance (GRC) marketplace. The company's first product was designed for FAS 123(R) [now ASC Topic 718] regulations, but since then OptionEase has expanded into other areas such as online collaboration, comprehensive equity management and providing solutions to emerging regulatory challenges.

"I am honored to receive the distinguished appointment to the NCEO's board of directors," said Kimberly Kovacs. "As a founder of OptionEase, I understand the significant value NCEO provides executive teams. I look forward to continuing the NCEO mission and expanding our reach through my appointment to the board of directors."

Corey Rosen, the NCEO's executive director and founder, said, "We are delighted for Kimberly Kovacs to join the board. We have been very impressed with OptionEase and their commitment to creating high-quality products and services. Kimberly's leadership has been instrumental to the company's success. We know she will be a great addition to the board."

Kimberly Kovacs has been the CFO of both public and private companies for 20 years, as well as an active member of the community. She is a member of the Forum for Women Entrepreneurs, an advisor to the Association of Women in Technology and an active member of E2. She graduated with honors from California State University at San Diego with a Bachelor of Science in Business Administration /Finance degree.

About OptionEase, Inc.

OptionEase ( is leading the evolution of SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company's first product was designed specifically for audit compliance under FAS 123(R) (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. This SAS 70 Type II certified solution "standardizes compliance" and enables secure collaboration across multiple constituents, allowing clients to focus on strategic business functions. More than 400 private VC-funded and large multi-national public corporations rely on OptionEase's solutions and service to comply with financial and regulatory reporting requirements under FAS, SEC and IASB. OptionEase is located in San Juan Capistrano, Calif. and funded by venture capital and private equity.

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.

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