SAN JUAN CAPISTRANO, CA--(Marketwire - May 18, 2009) - OptionEase, the leader in on-demand software as a service (SaaS) applications for fair market value accounting and compliance, won Red Herring's Top 100 Tech Company North America Award for 2009 and closed $2.5 Million Series A Financing on the same day.

"I must admit that Wednesday was one of the wildest and rewarding days in my career," exclaimed Kimberly Kovacs, co-founder and CEO of OptionEase. "I collected a check from our new private equity partner in Irvine and then headed down to San Diego for the Red Herring awards dinner. OptionEase is now the second company I have co-founded that has received this prestigious recognition and I am so proud of my team for their dedication and drive to build a game changing application for the equity compliance industry."

"OptionEase has definitely earned the opportunity to be counted among a long series of Red Herring Top 100 Tech Companies in North America," stated Alex Vieux, CEO, Red Herring, Inc. "Their SaaS model fits the accounting and compliance field's demands perfectly and their seasoned team deserves kudos for a great series of achievements."

Ms. Kovacs accepted the Red Herring distinction at the 2009 award ceremony on Wednesday night held at the US Grant Hotel in San Diego. In attendance were hundreds of CEOs from leading tech companies across the US. Past award winners include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube.

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.

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