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OptionEase Completes Investment with Pasadena Angels and Tech Coast Angels
SAN JUAN CAPISTRANO, Calif. --(Business Wire)-- OptionEase Inc., a Software as a Service (SaaS) provider for the equity-compensation compliance marketplace, eclipsed another company milestone on Nov. 14 by closing an investment round led by Pasadena Angels with additional funding from Tech Coast Angels. To date, OptionEase has captured more than $1.4 million in cash, service and technology investments.
"We are privileged to be recognized by Pasadena Angels and Tech Coast Angels and as a qualified investment," said Kimberly Kovacs, founder and chief executive officer, OptionEase. "Their active participation in our business will enable us to rapidly expand our customer reach by funding branding, business development and customer acquisition activities. Since releasing our application and service offerings in 2006, we have garnered an overwhelmingly positive response from the CFO community and will use the funding to expand our market footprint."
OptionEase is a software solution, delivered as a service, designed around approved valuation methodologies and particulars of the FAS 123(R) regulations. OptionEase's customers, such as Integrien Corp., say its Web-based technology is flexible and robust enough to meet the complex requirements of large public companies yet simple and cost-effective for small private companies.
"OptionEase really helped us prepare for our audit and drastically reduced the amount of time we needed to spend on the usually daunting task," said Mark Smialowicz, chief financial officer, Integrien, a venture-backed, intelligent systems management company. "The OptionEase team includes CPAs and other industry experts, so they understand the complexities of equity compliance. More importantly, the OptionEase software application is by far the easiest to use and the best in the marketplace."
About OptionEase Inc.
OptionEase is the leading Web-based Software as a Service (SaaS) for stock option administration, valuation and compliance with the new accounting regulations under FAS123(R). The San Juan Capistrano, Calif.-headquartered software company services both publicly traded and privately held venture-backed companies with its quarterly subscription service. OptionEase can be found on online at www.optionease.com.
About Pasadena Angels
The Pasadena Angels is a group of more than 100 accredited entrepreneurial investors who provide early-stage financing and counsel to emerging companies located in Southern California. In the first seven years since its founding in 2000, Pasadena Angels investors have funded more than 45 companies with more than $16 million.
About Tech Coast Angels
Tech Coast Angels is the largest angel network in the United States and the number one source of startup funding in Southern California. TCA members have invested more than $90 million in more than 140 companies and have helped attract more than $900 million of additional capital, mostly from venture capital firms. TCA operates networks in Los Angeles, Orange County, San Diego and Westlake/Santa Barbara.
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