SOURCE: OptionEase, Inc.

OptionEase, Inc.

September 20, 2010 16:21 ET

OptionEase, StockCross Partner to Provide Complete Equity Data Tracking, Broker Services to Joint Customers

StockCross Financial Services to Offer OptionEase Technology for Client Equity and Valuation Management and Reporting

MISSION VIEJO, CA--(Marketwire - September 20, 2010) -  OptionEase® Inc., the leader in on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, today announced a partnership with StockCross Financial Services, Inc., a multi-faceted national brokerage firm that provides support, guidance and technology for individual investors.

StockCross, which has differentiated itself in the brokerage industry by offering personal service, financial guidance and best execution trading results, will continue its work as broker/dealer for clients with equity transaction needs while providing the advantage of OptionEase as the back-end technology system to manage and analyze current and future equity financings. Access to OptionEase's technology provides joint customers with full participant functionality to exercise and transact a multitude of equity compensation instruments, real-time equity plan administration, option valuation, comprehensive reporting and compliance. Clients will benefit from the power to pick and choose the most relevant services and technology offerings to best meet their individual needs.

"StockCross clients, like all companies facing complex and evolving regulations, need an easily accessible, intuitive and complete technology solution," said Kim Kovacs, OptionEase CEO. "Through our partnership with StockCross, these businesses now have access not only to the personal and responsive support of StockCross brokers, but also to OptionEase's compliance solution, which will enable them to drastically reduce the time needed to analyze and report on complicated equity data in a real-time environment."

The OptionEase solution will provide StockCross clients nationwide with an on-demand application accessible from any browser or PDA. The multi-user environment will allow these clients to define specific user roles and create secure portals for their participants while maintaining a full audit trail on every entry. Users will gain filtering and complex query capabilities, as well as the option to export and import directly to and from Excel spreadsheets.

"There are many platforms available, and we could not find a better offering to extend to our clients than OptionEase," said Eric Tassell senior vice president and managing director of StockCross Corporate Services. "Many of the solutions offered today are inflexible, difficult to implement and a challenge to keep relevant with all the regulatory changes. By offering our clients OptionEase, we give them the benefit of the latest compliance and technology enhancements every time they log in to our secure website. No additional costs, no upgrades and no additional implementation."

About OptionEase, Inc.
OptionEase (www.optionease.com) 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 Level 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.

About StockCross, Inc.
StockCross is a multi-faceted brokerage firm providing comprehensive financial services at value-priced commissions since 1973. StockCross consistently delivers on its full scope of offerings including Fixed-Income products, Financial Guidance and Stock Plan Services in 45 countries through online trading capabilities, and a domestic and international trading infrastructure. StockCross is a self-clearing firm specializing in finding unique fixed income products for our clients, market making activities in over 3000 stocks domestic and international and stock plan services for all size companies and plans. StockCross is headquartered in Beverly Hills Calif. with offices in, Boston, Dallas, Houston, Jersey City, Orlando, Omaha, Philadelphia, and Seal Beach. StockCross is a member of the New York Stock Exchange (NYSE) and SIPC. StockCross offers additional asset protection through a London insurer.

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

  • Media Relations Contact:
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    Metis Communications, Inc.
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