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OptionEase Recognized by SCVN as "Emerging Startup of 2009"
Southern California Venture Network (SCVN) awards OptionEase, Inc. as part of their OC Emerging Growth Awards Ceremony
SAN JUAN CAPISTRANO, Calif., October 1, 2009 – OptionEase®Inc., a leader in on-demand Software as a Service (SaaS) applications for fair market value accounting and compliance, today announced that they were recognized by the Southern California Venture Network at the annual awards ceremony on September 29, 2009 in Newport Beach, CA. The "Emerging Startup" award is reserved for companies demonstrating significant of growth in key areas including revenue and market share; as well as industry leading levels of customer satisfaction.
"We are pleased to be honoring OptionEase with this award", said Eric Tanezaki, SCVN executive director. "The SCVN selection committee was extremely impressed with the success OptionEase has demonstrated over the past year. Their growth, both in terms of revenue and number of customers, is very impressive in this difficult economy."
"It is an honor to be recognized by the Southern California Venture Network for our hard work over the past year", stated Kimberly Kovacs, OptionEase co-founder and CEO. "Having recently completed our Series A round of funding, we are in an excellent position to capitalize on our success and move the company to the next level. With close to 400 clients and a customer retention rate of 98%, we are very proud of our accomplishments to date. Over the next 12 months, we plan to invest aggressively to scale the company to the next level."
About the Southern California Venture Network
With over 1,000+ influential members, the Southern California Venture Network (SCVN.org) is Orange County's premier entrepreneur and business growth network. SCVN’s mission is to increase the entrepreneurial velocity of both start-up and emerging growth companies through its network of skilled professionals, high-level business contacts, and sources of funding. The goal is to help navigate the many road blocks that often prevent early stage and late stage entrepreneurial companies from reaching their full potential in a timely manner.
As a "venture development" organization, SCVN focuses its efforts on helping those companies with revenues between $1M and $25M and that already have funding in place. It does this by hosting open networking events, invitation-only company presentations, executive educational events, and DealMaker lunches.
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.
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