Two Step Software Announces Record Growth In 2009 - 28 Jan 2010

Two Step Software Announces Record Growth In 2009

PR Newswire

NEEDHAM, Mass.,
Jan. 28 /PRNewswire/ -- Two Step Software, Inc., a leader in equity management and
FAS 123R reporting
solutions, announced today a record 50% surge in customers as well as
increased profitability in 2009.  The growth is directly related to
Equity Focus, Two Step's consolidated online system for equity
administration and FAS 123R reporting (now ASC Topic 718).  

"Our unprecedented performance in 2009 signifies the growing
demand for a more efficient solution that simplifies equity
administration and FAS 123R reporting—particularly for venture-backed
technology and life sciences companies," says Gary D. Levine, President and CEO of
Two Step Software.
 "Even at privately held companies, CFOs and auditors are frustrated
with the amount of time spent reconciling numbers for their FAS 123R
year-end reporting. They're eager for a system that streamlines the
process."

Two Step Software's Equity Focus combines stock and option
administration, equity accounting under FAS 123R, and corporate
compliance in a cost-effective, online application (
http://www.twostep.com/equityfocus).
 Equity Focus facilitates equity compensation reporting for companies
with smaller finance departments, allowing them to more easily convert
data from spreadsheets and make fast, highly accurate calculations.  In
addition to providing Equity Focus customers the education and training
they need to get the most out of the system, Two Step offers expert
support when customers or auditors have a question.  Finally, Equity
Focus customers receive a world-class, SAS 70 Type II, hosted
infrastructure that delivers superior security and automatic upgrades.

Two Step Software has a 15-year reputation in the market and
long-standing relationships with CFOs, investors, accounting firms and
law firms. Despite delaying purchases for most of 2009, many companies
bought Equity Focus later in the year in order to be adequately
prepared for year-end financial reporting.

"2009 turned out to be a banner year for us," Levine says. "We
expect 2010 to be even better, based on the number of companies that
have postponed their investments until the economy shows more signs of
a stable recovery."

Companies that are ready to move away from
spreadsheets and simplify the tasks involved with stock plan
administration, FAS 123R reporting, and equity compliance can watch a four-minute introduction to Equity Focus (
http://www.twostep.com/equityfocus).

About Two Step Software, Inc.

Two Step Software, Inc. offers the online applications Equity
Focus™ and Corporate Focus™, equity management and FAS 123R reporting
solutions used by financial executives, stock plan administrators,
lawyers, and corporate legal departments to track equity administration
records for more than 200,000 companies. The company is located in Needham, Massachusetts. For more information, visit their website at:
http://www.twostep.com or call: (800) 223-8900. 

SOURCE Two Step Software, Inc.