OptionEase Names Kevin J. Liebl Executive VP of Operations
SAN JUAN CAPISTRANO, Calif., 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.
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.
|