SmartVault Receives 2010 Tax and Accounting Technology Innovation Award

LOS ANGELES, CA – June 7, 2010 – At the 2010 California Accounting & Business Show, SmartVault, a leading provider of Software as a Service (SaaS) document management solutions, today announced its document management solution, SmartVault, was honored with a Technology Innovation Award from CPA Technology Advisor for the second year in a row.

“This award from CPA Technology Advisor, which we are thrilled to receive for the second year in a row, supports what we are consistently hearing from our customers’ that our product is innovative, easy to use and provides an immediate impact on their day to day workflow,” said Eric Pulaski, founder and CEO, SmartVault. “SmartVault will continue to innovate and deliver a solution that is easy to use and helps firms and small businesses run leaner and more profitably.”

Building on the core principle of being both intuitive and easy to use, in early 2010 the company delivered the third major release of SmartVault, which moved the company beyond its initial market as an add-on for QuickBooks to a general-purpose document management platform. With SmartVault V3, accounting professionals and business end-users can easily and securely store and share all their documents, as well as copies of their accounting database files. SmartVault users can customize a folder structure to meet their specific business needs, and access all documents anytime, anywhere from a web browser, smart phone, iPad — even map a virtual disk drive directly to SmartVault from a PC or Mac computer. Accounting professionals and their clients can now enjoy a single solution to go paperless with QuickBooks, share files, and simply and safely manage all their business documents online.

The Innovation Awards are sponsored by The CPA Technology Advisor to recognize innovative developments in technologies that benefit the tax and accounting profession, as well as significant advancements in existing technologies. The awards were announced by Darren Root, Executive Editor of The CPA Technology Advisor, at the 2010 California Accounting & Business Show.

“Innovation is no longer an option for accounting practices and small businesses, but a critical factor to their success,” said M. Darren Root, CPA.CITP, and Executive Editor of The CPA Technology Advisor. “The innovative advancements in SmartVault V3 give accounting professionals and their clients’ enhanced capabilities that help to streamline workflow processes.”

About SmartVault

Privately held SmartVault, a leading provider of Software as a Service document management solutions, provides accounting professionals and business users with an easy and affordable solution for going paperless. SmartVault’s unique integration with popular small and medium sized business applications such as QuickBooks creates a seamless user experience for scanning, attaching and finding documents within a familiar application. With SmartVault, users can securely store, access and share all of their documents any time and from anywhere. SmartVault has earned top honors from Intuit as a QuickBooks Gold Certified Developer.