SOURCE: OptionEase, Inc.

OptionEase, Inc.

October 07, 2009 10:00 ET

OptionEase Continues to Break Records and Hit Milestones

The Business Posts the Single Largest Quarter in Company History, Introduces New Products and Receives Award

SAN JUAN CAPISTRANO, CA--(Marketwire - October 7, 2009) - OptionEase® Inc., a leader in on-demand Software as a Service (SaaS) applications for equity administration and compliance, today announced several milestones in the company's history, including achieving record sales for the quarter ending September 30, 2009, demonstrating the robust demand for the company's compliance applications -- even in a soft economic period.

"Since our financing in May, we have accelerated our efforts on a number of fronts, and we are now seeing big returns," stated Kimberly Kovacs, OptionEase co-founder and CEO. "Sales have been excellent this summer and we are pleased to close Q3 with the strongest quarter in the company's history."

"Our increased focus on servicing public companies with integration tools and advanced workflow functionality has enabled us to significantly grow revenue and market share," continued Mrs. Kovacs. "In the prior quarter, we enhanced our product by releasing an updated version of our Re-Pricing / Modification Module that performs complex scenario modeling. So far, over 30 clients have utilized this tool to successfully reset their option plans. We were recognized last month by the Southern California Venture Network (SCVN) as the 'Emerging Growth Company of 2009' and we continue to maintain a 98% customer retention rate. I am really proud of the advancements the team has made over the past quarter. However, I am even more excited about the new items we have slated for release this coming quarter. Our goal is to infuse the latest technology into a space that has been behind the innovation curve for a long time. Stock plan administrators, CFOs and auditors need unique tools and functionality, but still need to collaborate on a single, unified platform. OptionEase is taking a new approach to delivering equity compliance solutions."

About OptionEase

Founded in 2006, OptionEase is fast becoming the industry leader by driving the new standard in equity compliance in the highly regulated Governance, Risk and Compliance (GRC) marketplace. The company's first product was designed for FAS 123(R) regulations (Topic 718 Stock Compensation), but now OptionEase has expanded into other areas such as online collaboration, comprehensive equity management and providing solutions to emerging regulatory challenges. Over 380 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, CA and can be reached at 866-550-3273, info@optionease.com or www.optionease.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.

All company, brand or product names are registered trademarks or trademarks of their respective holders.

Contact Information

  • Media Relations Contact:
    Jeff Onesto
    OptionEase, Inc.
    949-542-3800 ext. 748
    Email Contact