SAN JUAN CAPISTRANO, CA--(Marketwire - September 9, 2009) - OptionEase® Inc., a leader in on-demand Software as a Service (SaaS) applications for fair market value accounting and compliance, today announced that Miramar Venture Partners has joined the Series A round of financing, bringing the total investment to $3.5 million. In addition, Bruce Hallett, managing director of Miramar Venture Partners, will join the OptionEase board of directors

"We are delighted to welcome Miramar Venture Partners as an investor in OptionEase. Our ability to attract such an industry leader both reinforces our business strategy and also provides us with additional leadership, guidance and resources," said Kimberly Kovacs, OptionEase co-founder and CEO. "As a profitable startup, we are raising this money to allow us to further accelerate our rapid growth. We see a unique opportunity to gain significant market share and capitalize on changes in the marketplace."

"The market for stock option administration, and in particular FAS 123(R) [now ASC Topic 718] compliance, has proven to be very robust," said Bruce Hallett, managing director for Miramar Venture Partners. "Having built the product from the ground up to address this specific market need has positioned OptionEase as a leader in this space. Over 350 companies worldwide depend on the OptionEase application to administer their stock plan, and OptionEase has a 98% customer retention rate. Additionally, there is plenty of opportunity for growth through add-on functionality."

About Miramar Venture Partners

Miramar Venture Partners invests in early-stage information technology companies, primarily in Southern California. Miramar's team is highly experienced at working with emerging companies, and it applies that experience as well as financial resources to support entrepreneurs and their teams in building and growing their companies. More information about Miramar can be found at www.miramarvp.com.

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.