SOURCE: OptionEase, Inc.

OptionEase, Inc.

August 12, 2009 03:00 ET

OptionEase Names Kevin J. Liebl Executive VP of Operations

Former LSI Corporation Executive to Lead Marketing, Customer Support and Professional Services Organizations

SAN JUAN CAPISTRANO, CA--(Marketwire - August 12, 2009) - OptionEase® Inc., a leader in on-demand Software as a Service (SaaS) applications for fair market value accounting and compliance, today announced that Kevin J. Liebl, former director of corporate marketing for LSI Corporation, has joined the company as executive vice president of operations.

OptionEase reached positive cash flow within 18 months of operations, is GAAP profitable, has been able to achieve triple-digit year-on-year growth, and continues to maintain a 98% customer retention rate. The company closed a Series A round of financing in May of this year to further accelerate this growth and launch significant new technology initiatives -- which will be announced shortly.

"As part of our aggressive expansion strategy, we recognize the need to attract proven leadership in key executive roles," said Kimberly Kovacs, CEO of OptionEase. "Kevin's extensive technology and management experience will be critical in helping to lead the company to the next level."

Mr. Liebl has over 20 years of executive experience in marketing, business development, sales, strategic planning, capital formation, mergers/acquisitions, public relations, analyst relations and investor relations. Prior to joining OptionEase, he was the director of corporate marketing for LSI Corporation, a multi-$B provider of silicon, systems and software technologies. Mr. Liebl joined LSI through the acquisition of StoreAge Networking Technologies, a software startup offering storage virtualization solutions. As vice president of marketing for StoreAge, he led the company's sales and marketing strategy from startup through acquisition. Before joining StoreAge, Liebl was the president and CEO for Nextier Solutions Corporation, a supply-chain management SaaS company offering solutions to the paper, printing and publishing industry. As CEO, he led the company from startup through acquisition by International Paper. Mr. Liebl has also held the positions of vice president of marketing for MTI Technology Corporation and director of North American marketing for MAI Systems/Basic Four.

Mr. Liebl received a Bachelor of Science in Information and Computer Science from the University of California at Irvine and a Master of Business Administration from Pepperdine University.

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. Over 350 private VC funded and large multi-national public corporations rely on the company's FAS 123(R) compliance software. The company 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:
    Tracey Claxton
    OptionEase, Inc.
    949-542-3800 ext. 723
    Email Contact