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OptionEase Wins Spot on Red Herring Global 100 List of Most Promising High-Tech Companies in the World
Award Recognizes OptionEase’s
Technological Innovation and International Strategy
SAN JUAN CAPISTRANO, Calif., January 28, 2010
– OptionEase® Inc., a leader
in on-demand software-as-a-service (SaaS) applications for equity
administration and compliance, today announced that Red Herring magazine has
awarded OptionEase a spot on its Red Herring Global 100 list of the most
promising high-tech companies in the world. The selection of OptionEase from a pool of thousands of
applicants and more than 200 finalists indicates the judges’ belief that
OptionEase is among a small group of companies that will lead “the next wave of
disruption and innovation.”
Previous Red Herring Global 100 winners include Google, Yahoo!, Skype,
Netscape, Salesforce.com and YouTube.
“The Red Herring Global 100
has long been a reliable predictor of a company’s innovation, drive and
promise,” said Kimberly Kovacs, CEO and co-founder of OptionEase. “This award is a clear message to our
market, our customers and our investors that OptionEase products and services
are unrivaled in meeting the worldwide need for fair market value accounting
and compliance solutions. We are honored to have been selected.”
In May, OptionEase appeared on
the Red Herring 100 list of top companies in North America. Since that time, the Red Herring
editorial staff has assessed all of its regional winners to determine which
ones show the highest potential in financial performance, technology
innovation, quality of management and execution of strategy. The judges also gave heavy
consideration to company presentations given at the Red Herring Global 100
Conference held in Laguna Niguel, Calif. earlier this month.
“The Red Herring designation
comes at the end of a year in which OptionEase closed Series A financing, grew
our customer base to more than 400 companies across the globe, and greatly
expanded our product functionality,” said Kovacs. “We anticipate a continuation of significant demand for our
solutions in the coming year, and we look forward to fulfilling the
expectations for success implied by our inclusion on the Red Herring Global
100.”
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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