Compliance Requirements and Stock Option Investigations Spur Growth at Two Step Software

Corporate Focus delivers proven corporate governance framework as more companies embrace SOX type controls.

August 17, 2006, Needham, MA — Two Step Software, Inc., a leader in corporate governance, stock plan administration, and online minute book software solutions, announced today that over two dozen companies have signed agreements to purchase Two Step’s Corporate Focus software in recent months. Two Step has more than 500 customers, including more than 40% of the AmLaw 100 law firms, and recent growth further establishes its Corporate Focus software product as the leading and most comprehensive product in the corporate governance market.

Companies are selecting Corporate Focus to centralize corporate records, manage stock plan information, and help their organizations adopt best practices for corporate governance. Two Step’s new customers include law firms and corporate legal departments that plan to use Corporate Focus to increase productivity and decrease legal and business risks.

“In this age of Sarbanes-Oxley and heightened financial oversight and regulation, it is more critical than ever that companies and their lawyers embrace technologies that support good corporate governance and adopt best practices for corporate compliance. They must be absolutely certain that their policies and procedures ensure that their corporate governance records are current, complete, organized and easily accessible. Being able to provide the right information at the right time is critical for any law firm or legal department, and that’s where our solution, Corporate Focus, comes in,” said Gary D. Levine, President and Founder of Two Step Software.

“Whether top executives want to be more confident when signing financial statements or they’re nervous about the latest stock option backdating scandal, companies want to bring their corporate records management in line with the best practices suggested by Sarbanes-Oxley. Our new customers are discovering that Corporate Focus is an indispensable tool for this new and more stringent age of corporate compliance. It provides a snapshot of their entire set of corporate governance records. It’s the market’s most powerful solution for legal departments seeking instant access to all their corporate records in one place,” Levine concluded.

Corporate Focus unifies a firm’s fragmented systems for managing corporate entity information. With Corporate Focus, law firms and corporate legal departments gain control over their entity tracking procedures, increase visibility into corporate information, and more easily access minute book documents and ownership records. By implementing Two Step’s Corporate Focus solution, organizations can centrally organize their information, standardize processes that had too many different steps, and provide real-time information to those who need it when they need it. Corporate Focus reduces the legal and business risk in the corporate governance process, while at the same time delivering productivity gains and enhanced collaboration.

Some of the new law firms and companies that have joined Two Step’s fast-growing customer base are: