Copanion Appoints Stephen Royal to the Position of Chief Financial Officer
ANDOVER, MA, November 24, 2008 -- Copanion, Inc., an innovator in tax document automation, today announced that Stephen Royal has joined the company as Chief Financial Officer reporting to founder and CEO, Steven Ladd. Royal brings to his position more than 25 years of financial and operational experience in successful private and public companies.
Prior to Copanion, Stephen served as senior vice president and CFO of OATSystems, Inc., a leading provider of RFID software solutions (acquired by Checkpoint Systems). Before that, he served as CFO for CXO Systems, Inc., a provider of real-time operational intelligence software (acquired by Cisco Systems), CFO of Net to Net Technologies, Inc, a provider of network access solutions (acquired by Paradyne Networks) and CFO of Engage, Inc., where he led the company's IPO and built the necessary infrastructure to support the company's aggressive M&A initiatives.
"Stephen's in-depth industry knowledge and proven track record in all phases of a company's life cycle made him the ideal choice for the management team at Copanion," said CEO Steven Ladd. "I look forward to working with him as we expand our business into new markets and bring it to the next level."
"In a short time, Copanion has launched its first two products and formed alliances with leading companies in the tax preparation market," said Stephen Royal. "I am honored to join the team and look forward to continuing to build the business from the solid foundation they have created."
The addition of the new CFO is another milestone for Copanion. The company also recently launched its next generation solution, GruntWorx Pro, and formed alliances with two of the profession's largest tax software companies; Intuit and Thomson Reuters.
About GruntWorx and GruntWorx Pro
The GruntWorx family of products is based on patent-pending biometric technology that identifies information in scanned and electronic documents with the highest levels of accuracy. Since its introduction in November of 2007, GruntWorx products have achieved unprecedented levels of adoption with more than 2000 tax professionals using the products. GruntWorx has also received wide-spread industry recognition, winning a CPA Technology Advisor 2008 Tax & Accounting Technology Innovation Award and the K2Annual Quality Award for Best New Technology.
Copanion is a leading innovator in tax document automation. The company saves tax professionals hundreds of hours during tax season with accurate and secure web-based applications for automating client tax document organization, data entry and review. Copanion is a privately held company with financing from Commonwealth Capital Ventures and Pilot House Ventures.
For more information about Copanion, Inc., visit the company's website at www.copanion.com .
The Copanion and GruntWorx names and logos are trademarks or registered trademarks of Copanion in the United States and in other countries. All other companies and products referenced herein are trademarks or registered trademarks of their respective holders.