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Jul 12 2011: OPTRACK Builds myStockOptions.com Knowledge Center Into Its Web Portals
OPTRACK has enhanced its stock plan education and communications tools by partnering with the experts at myStockOptions.com. This arrangement will offer OPTRACK’s over 1,000 corporate clients a built‐in platform that allows users to access myStockOptions.com’s award‐ winning Knowledge Center. OPTRACK clients will be able to strengthen their stock plan education and stay current on equity compensation developments without leaving the OPTRACK application platform.
Toronto, ON, and Brookline, MA, July 12, 2011 – SyncBASE, Inc. and myStockOptions.com, two leaders in the stock plan industry, have announced that they have established a strategic partnership. SyncBASE is the provider of the popular OPTRACK, the leading web‐based solution for stock‐based compensation plan accounting, administration, and brokerage services. myStockOptions.com is the premier online resource of educational content and tools for stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans.
This arrangement will offer OPTRACK's over 1,000 corporate clients a built‐in platform that allows users to access myStockOptions.com’s award‐winning Knowledge Center. OPTRACK clients will be able to strengthen their stock plan education and stay current on equity compensation developments without leaving the OPTRACK application platform.
"This strategic alliance marks a key milestone in our continued commitment to improving the experience for clients who use OPTRACK," says Ramy Taraboulsi, the CEO of SyncBASE. "At a click of a mouse, OPTRACK clients will have full access to unbiased articles, FAQs, podcasts, tax guides for over 25 countries, podcasts, a glossary, quizzes, and other interactive tools that help plan participants understand their stock grants, make smarter decisions, maximize gains, and plan better."
The Knowledge Center, which contains all of the premium content on myStockOptions.com, will help educate stock plan participants; financial and wealth advisors; corporate professionals in stock plan administration, HR, compensation, and finance; and attorneys and other legal staff.
OPTRACK clients who use the Knowledge Center will cut the time and expense of answering questions, holding employee meetings, and distributing paper materials. "Along with these benefits, companies will be helping their employees and executives better appreciate their stock grants and get value from them," explains Bruce Brumberg, the Editor‐in‐Chief of myStockOptions.com.
For more details, please contact Lilian Hanna at (647) 284‐2244 or Bruce Brumberg and Matt Simon at 617‐734‐1979.
About myStockOptions.com
With exclusive articles, 750+ FAQs, podcasts, the Tax Center, the Learning Center with courses for CE credit, the Global Tax Guide, an extensive glossary, and interactive patented tools, myStockOptions.com is the premier online resource of educational content and tools on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. myStockOptions.com is written and managed by leading experts in equity compensation, and is produced by a company with a long history of successful publications explaining complex legal and financial subjects in plain English.
The influential consumer magazine PC World ranks myStockOptions.com among "the most useful sites ever" that "deliver top‐notch information, support, and services." The accounting journal CPA Wealth Provider selected myStockOptions.com among companies "that have taken the lead through innovation, efficiency, initiative, or growth in the financial‐planning area." The Specialized Information Publishers' Foundation honored MSO Pro with one of its Editorial Excellence Awards in the category of Best Interactive Content among niche publishers. myStockOptions.com also has a related site on nonqualified deferred compensation at myNQDC.com, and the staff created the successful insider trading prevention video series Think Twice, available at www.insidertradingvideos.com.
About SyncBASE
SyncBASE is the leading provider of governance, risk and compliance software solutions to international markets. Based in Toronto, Canada, since 2003, SyncBASE has been providing leading edge web‐based solutions for financial executives in both public and private companies in the areas of stock‐based compensation accounting, administration and brokerage, risk management and internal control certification, and International Financial Reporting Standards conversion.
View the Press Release
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Feb 14 2011: OPTRACK and Ez Custom Brokerage Services join forces to offer automated brokerage services for stock-based plans
Contact:
Lilian Hanna, Manager of Marketing and Strategic Alliances, SyncBASE Inc.
Peter Pesic, Managing Director, EZ Custom Software Solutions Inc.
Toronto, Canada – February 14, 2011 – SyncBASE, Inc., the provider of OPTRACK, the leading provider of stock-based compensation plan accounting and administration software, and Ez Custom Brokerage Services of New York, announced today that they have established an agreement. This agreement will offer automated brokerage services to their joint customer base of over 1,400 corporations currently served by both entities using the administration platform that they have jointly developed.
This online platform enables equity plan participants to initiate options or restricted stock exercises over a direct connection via OPTRACK and Ez Custom Brokerage Services. The joint platform will enable this entire process to be streamlined and completed, if desired, without any involvement of corporate in-house stock plan administrators.
OPTRACK is pleased to announce that this new service offering will be available to all OPTRACK clients at no additional cost.
"This is a pivotal step for OPTRACK. This relationship with EZ Custom Brokerage Services will further establish our position as the premier provider of cost effective solutions for stock-based compensation plans for companies of all sizes. In addition, it will reinforce our commitment to continue improving our platform to fit the needs of our existing and future clients." said Ramy R. Taraboulsi, CEO of SyncBASE, Inc.
"We are excited about this new relationship with OPTRACK, which will enable us to service larger customers with thousands of participants in their plans, while maintaining the same commitment to quality of service we have been consistently providing since 2000." said Peter N. Pesic, Managing Director of Ez Custom Software Solutions, Inc., parent company of Ez Custom Brokerage Services.
For more details, please contact:
Lilian Hanna at lilian@optrack.net / (647) 284-2244 or
Peter Pesic at ppesic@ezcustomsoftware.com / (877) 249-5980
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Jun 15 2010: SyncBASE Inc. at the AICPA Controllers Workshop West in Las Vegas this July!
We are very happy to announce that Ramy Taraboulsi will be a featured speaker at the upcoming AICPA Controllers Workshop West in Las Vegas. The conference is from July 20-21 at the Bellagio in Las Vegas, NV.
During the conference, Ramy will be presenting 2 educational sessions entitled Session 1: Strategies for Managing Employee Stock Options (Part 1 - Accounting Strategies) and Session 2: Strategies for Managing Employee Stock Options (Part 2 - Performance Units and Exercises). For a detailed description of the sessions please see below.
We are also pleased to announce that the two sessions Ramy is presenting qualify for one CPE credit each in the field of study of SKA (Specialized Knowledge & Application). The credits will be granted by the AICPA. Take advantage of a great opportunity to accumulate CPE credits and gain timely industry knowledge.
The conference will allow attendees to gain expert insights into various topics and issues that financial executives are facing today. There will be interactive, hands-on learning workshops which will provide solutions you can immediately apply. Take advantage of several networking opportunities with various product and service providers who will help you get ahead and stay ahead.
We would love for you to visit our booth while at the conference where you can learn more about our products and see how our products help over 1000 financial executive with their financial reporting. * Also, don't miss out on your chance to win one of our great prizes just by visiting our booth!
GREAT NEWS For SyncBASE clients!!: The AICPA will be offering our clients a discount of $150 off of the conference registration fee of $1,390.00 to take advantage of (if you are an AICPA Member: $1,090). Please click here for the SyncBASE promotional code.
Session 1: Strategies for Managing Employee Stock Options (Part 1 - Accounting Strategies)
This session will provide the attendees with a comprehensive overview of the current challenges and principles of accounting for Stock-based Compensation. At the end of the session, the attendees will be able to identify how to manage the expenses of their stock-based compensation, and the specific intricacies associated with the different types of equity instruments. A brief comparison between GAAP and IFRS as it relates to Stock-based Compensation will be provided in the different sections of this presentation. The session will cover the following topics:
- Why do companies issue employee stock options?
- Types of Stock-based Compensation
- Valuation Methods and Key Assumptions
- Expense Attribution and IFRS
- Consultant Options and Liability Instruments
- Expected Life Estimations
- Forfeiture Rate Impacts
- Impact on EPS
Session 2: Strategies for Managing Employee Stock Options (Part 2 - Performance Units and Exercises)
This session will provide the attendees with a comprehensive overview of the current HR and financial benefits, challenges and principles of Stock-based Compensation. In addition to the HR aspects, accounting for special performance options is also addressed. The principles of variable accounting associated with performance options and liability instruments are also addressed in this session. At the end of this session, the attendees will be able to design a new stock-based compensation performance plan that will align the objectives of the employee with the objectives of the company, and to identify the methods of accounting for this plan. The session will cover the following topics:
- Methods of exercising options
- Variable Accounting: When and how do we use them?
- What are Performance Options?
- What are the business benefits of Performance Options?
- Types and Examples of Performance Options
- Methods of Accounting for Performance Options
- Performance Options under IFRS
To view the conference brochure and register please click here.
For more information, please feel free to contact Ramy by phone at 416-258-1376 or by email.
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Apr 30 2010: Strategic Partnership with Avisar Chartered Accountants
Avisar Chartered Accountants and SyncBASE Inc. are pleased to announce their strategic partnership. Avisar has recently implemented OPTRACK, SyncBASE's flagship product for managing and administrating employee stock options, to manage all of its public company clients' employee stock options, and is also currently in the process of implementing IFRSTRACK to manage the transition of its clients to International Financial Reporting Standards.
"Many public companies today are experiencing difficulty meeting their accounting and business advisory needs internally. Public company CFOs are typically faced with increasing responsibilities, which often does not leave them with the time to research complex accounting issues, or to invest in additional training required to keep up to date on changes in accounting and reporting requirements" noted Mr. Bernie Zacharias, Managing Partner of Avisar. With regard to smaller companies who do not currently employ a CFO, Partner Steven Krause added: "Many start-up or junior public companies do not currently require the services of a full-time CFO, but are in need of expertise to deal with required regular reporting and high risk tax issues."
With regard to Avisar's use of SyncBASE's products, Bernie Zacharias states: "The SyncBASE products have allowed us to better service our clients by reducing the time required to prepare quarterly financial statements and to provide accurate and reliable financial reporting."
"We are very happy and excited about the strategic partnership that we now have with Avisar Chartered Accountants. Avisar is an organization that has a vision that aligns with ours, and I believe that this partnership will provide significant benefits for both company's clients" noted Ramy Taraboulsi, CEO of SyncBASE Inc.
About Avisar:
Avisar's team of highly skilled public company specialists provide regular quarterly accounting, financial reporting, management reporting, and specialized advisory services - such as IFRS conversion and reporting - to public companies on Canadian and U.S. stock exchanges. Avisar's experience working with public companies ranges from development stage technology companies to established resource companies with operating mines. In addition to a diverse public company team with auditing experience and expertise in financial reporting and regulatory compliance, Avisar's professional staff includes a full-service tax team offering U.S. and Canadian corporate tax services.
About SyncBASE:
SyncBASE is a leading provider of governance, risk and compliance software solutions to international markets. Based in Toronto, Canada, since 2003, SyncBASE has been providing leading edge web- based solutions for financial executives in both public and private companies in the areas of stock-based compensation management and accounting, risk management and internal control certification, and International Financial Reporting Standards conversion.
Avisar Contact:
Mr. Bernie Zacharias, CA
Managing Partner
bernie@avisar.ca
604.513.5707
http://www.avisar.ca
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Apr 20 2010: Swenson Advisors, LLP to Expand SOX Consulting Services with SyncBASE Automation Tools in Western U.S. and China
San Diego, California, April 20, 2010 – Swenson Advisors, LLP has signed a value-added reseller agreement with Toronto-based SyncBASE, Inc. to offer a suite of web-based solutions designed to assist public companies in the automation of their compliance with the Sarbanes-Oxley (SOX) Act – Section 404 and other accounting requirements.
The product suite will also assist companies in their conversion process from their local GAAP (Generally Accepted Accounting Principals) to IFRS (International Financial Reporting Standards) and in the management and accounting for stock options.
Swenson and SyncBASE will be featuring these automation tools at an upcoming CCH conference in Shanghai on May 20-21, 2010 in connection with SOX and IFRS training workshops in China.
"The cost of compliance has been a growing issue for many public companies over the last few years. The introduction of this suite of automation tools in the U.S. will assist those companies in bringing down the cost of their compliance in 2010 and beyond," noted Stephen Austin, Managing Partner of Swenson Advisors, LLP.
"The strategic alliance with Swenson is an important milestone for SyncBASE, and will further establish SyncBASE's leadership position in the international markets," noted Ramy Taraboulsi, CEO, SyncBASE Inc.
This alliance with SyncBASE is the first step in Swenson's efforts to expand its SOX consulting services throughout the Western United States and Hawaii as well as an expansion of its consulting services in its Hong Kong office, Mainland China and other Asian markets.
ABOUT SWENSON ADVISORS, LLP
Swenson Advisors, LLP is a full service regional PCAOB accounting firm with global outreach. Swenson Advisors is dedicated to providing the highest quality services to their clients, in their own marketplaces and around the world.
Since 1998 Swenson has been a growing firm of certified public accountants with national firm capabilities and local firm responsiveness. Swenson Advisors, LLP serves both public and private companies in the technology, manufacturing, service, non-profit, and real estate markets.
Swenson has offices in San Diego and Murrieta, California and an office in Hong Kong to service the Asian market. Worldwide, they provide accounting and tax services to their clients through their membership in Integra International, a global federation of accounting, tax and consulting firms.
In 2007 they were ranked one of the Top 100 SEC Audit Firms in the United States and more recently were ranked No. 2 in the Top Accounting Firm survey for Riverside County. Swenson Advisors, LLP is registered with the Public Company Accounting Oversight Board and is a member of the American Institute of Certified Public Accountants. Additional information is available on www.SwensonAdvisors.com
ABOUT SYNCBASE, INC.
SyncBASE is a leading provider of governance, risk and compliance software solutions to international markets. Based in Toronto, Canada, since 2003, SyncBASE has been providing leading edge web-based solutions for financial executives in both public and private companies in the areas of stock-based compensation management and accounting, risk management and internal control certification, and International Financial Reporting Standards conversion.
Swenson Contact:
Carla Sanchez
Carla.sanchez@swensonadvisors.com
600 B Street, Suite 1400
San Diego, CA 92101
619-237-3400
619-237-3401 fax
www.SwensonAdvisors.com
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