COPANION WINS THE CPA TECHNOLOGY ADVISOR'S INNOVATION AWARD TWO YEARS RUNNING!

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ANDOVER, MA – June 2, 2009– Copanion, Inc., an innovator in tax document automation, today announced that its premier product,GruntWorx Pro, was honored with a Technology Innovation Award fromThe CPA Technology Advisor. Recognized with an award in both 2008 and 2009, the consecutive win is a significant achievement forCopanionand cements the company's place among the profession's technology leaders.

GruntWorx Pro is a leading scan, identify, and organize solution that enables firms to upload scanned source documents in batch and receive a single PDF for use in tax preparation. The system offers the highest level of accuracy—recognizing more forms than any application in its class. GruntWorx Pro elevates tax workflow to a new level of efficiency by also automatically populating the tax return. The result for firms is breakthrough time savings.

"We couldn't be happier or more honored about the win," statedSteven Ladd, CEO at Copanion. "We are dedicated to consistently enhancing the GruntWorx product line by expanding functionality and integration with more tax solutions. Winning back-to-back Innovation Awards is evidence of our commitment to product excellence."

As firms look to progressively increase efficiency, they are searching for advanced technologies to help automate workflow and save hours in preparation time. Copanion is a vendor that answers this need for the profession. GruntWorx allows practitioners to completely automate the tax workflow from initial source document collection to auto populating data within the return.

"Our core mission remains the same: Create solutions that help firms operate at peak efficiency," said Ladd. "Our rapid growth and acceptance in the profession—from vendors and Big 4 firms to sole practitioners—is proof that our technology is living up to our mission."

The CPA Technology Advisor'sannual Technology Innovation Awards are the pinnacle of recognition for technology vendors serving the tax and accounting profession. Steven Ladd accepted the award at a special ceremony hosted byThe CPA Technology Advisor's Executive Editor, Darren Root. The ceremony was held during the California Accounting and Business Show & Conference on June 1, 2009.

About Copanion

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 Group. For more information about Copanion, visitCopanion.com.

The Copanion andGruntWorxnames 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.

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