OPTRACK and Ez Custom Brokerage Services join forces to offer automated brokerage services for stock-based plans

TORONTO, Feb. 16 /CNW/ - 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.

Lilian Hanna, Manager of Marketing and Strategic Alliances, SyncBASE Inc. at lilian@optrack.net / (647)284-2244 or
Peter Pesic, Managing Director, Ez Custom Software Solutions Inc. at ppesic@ezcustomsoftware.com / (877)249-5980

www.optrack.net

SOURCE SyncBASE Inc.

For further information:

Lilian Hanna, Manager of Marketing and Strategic Alliances, SyncBASE Inc. at lilian@optrack.net / (647)284-2244 or

Peter Pesic, Managing Director, Ez Custom Software Solutions Inc. at ppesic@ezcustomsoftware.com / (877)249-5980

Profil de l'entreprise

SyncBASE Inc.

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