Corporate Focus Offers Easier Cap Table Administration for Early-Stage Companies

NEEDHAM, Mass., April 16, 2012 /PRNewswire/ -- Corporate Focus, the leading cloud-based equity administration and reporting system for privately-held companies, today announced the release of Corporate Focus Version 7.0, with enhanced convertible note and warrant tracking capabilities and broader access for more web browsers.

"Early-stage companies often postpone the proper tracking of their initial debt and equity investments from angel and seed-stage investors," said Gary Levine, CEO of Corporate Focus (formerly Two Step Software). "As these companies approach their first venture capital round, they are often not ready for the mounting complexity related to equity administration, accounting and compliance that comes with rapid growth. With this release, it's easier for early-stage companies and their service providers to take advantage of best practices to manage their equity investments and compliance sooner."

Feature enhancements of Corporate Focus Version 7.0 include: 

• Enhanced Convertible Note Tracking
  Track the principal and interest on convertible notes and automate the related capitalization table reporting.
  
• Improved Warrant Tracking
  Track warrants using standard methodology, including the ability to automate conversion information, vesting schedules, and warrant calculations, as well as new warrant reports.
  
• Greater Browser Accessibility
  Support update and read-only capabilities on the latest versions of all major browsers, including Internet Explorer, Firefox, and Chrome. Corporate Focus is accessible via Windows and Mac machines, as well as tablet devices such as the iPad.

These new enhancements, now available to all customers, add to the system's existing set of comprehensive equity administration, accounting and compliance features, including:

• Stock and Option Administration and Reporting
• Fully-Diluted Capitalization Tables
• Option Expensing under ASC Topic 718 (formerly FAS 123R)
• Online Tracking of Historical Documentation
• Printing of Stock Certificates and Option Agreements
• Self-service, direct online access for stakeholders

As George Halsey of GRH Law comments based on experiencing the types of challenges faced by many of the early-stage, technology ventures he works with: "For some start-ups, the idea of producing capitalization tables is kind of traumatic. They know they're supposed to have them ready, but have difficulty getting them together. Using Corporate Focus, you can view the cap table in multiple formats, so investors can see who the participants are and what form of participation they have. All the data is there and easily accessed."

For more information about Corporate Focus Version 7.0, visit: www.corporatefocus.com/features or call (800) 223-8900.

About Corporate Focus

Corporate Focus is the leading cloud-based equity administration, accounting and compliance system for privately-held, emerging growth companies. Since 1995, Corporate Focus has helped finance and legal professionals take control of their equity challenges by delivering faster and more accurate results, reducing compliance risk, and sharing information more easily. By replacing multiple, error-prone spreadsheets with a centralized, automated and secure equity reporting system, growing companies save time and money as they manage increasing levels of complexity. No matter the equity event faced, Corporate Focus is backed by an experienced and knowledgeable support team who helps our customers navigate through every stage of the business life cycle, from start-up to exit. For more information, visit: www.corporatefocus.com.

SOURCE Corporate Focus