MASS-BASED TECH START-UP RECEIVES TOP HONORS FROM TWO NATIONAL PUBLICATIONS

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Andover, MA – November 12, 2009–Copanion, Inc., an innovator in tax document automation, today announced that two members of its executive team have been honored with prestigious industry awards. Back-to-back accolades help to further define Copanion as a key technology player.

Edward V. Jennings, Copanion CEO, was named to

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The CPA Technology Advisor's 40 under 40 list

. "The professionals selected for the 40 under 40 exemplify the innovative and technology-embracing mindset that accounting and tax practices will need in their leadership in order to succeed," stated the magazine's Executive Editor M. Darren Root, CPA.CITP.

Jennings has been integral in gaining name recognition for Copanion and promoting the company's leading tax document automation solution,GruntWorx. He has also driven the rapid adoption of the GruntWorx line—to date Copanion serves more than 5,500 accounting firms. Jennings continues to be a central force in developing strong strategic partnerships with such powerhouse entities as Intuit, Thomson Reuters, and the AICPA (American Institute of Certified Public Accountants) and earning the company multiple awards.

Copanion founder,Steven K. Ladd,was named to

target="_blank">Accounting Today's 100 Most Influential People

in the tax and accounting profession. It was Ladd's vision to develop the leading tax document automation solution for the accounting profession, which later became GruntWorx. Ladd was also the driving force behind the company's completion of SAS 70 Type II audits and full product compliance with IRC 7216.

"Copanion is committed to developing technology that enhances productivity and delivers real business improvement. By automating the tedious tax document organization, data entry, and review process, firms recoup valuable time during the pressures of tax season," said Ladd.

Dual accolades come on the heals of the company receiving back-to-back technology innovation awards, recognition on Mass High Tech - The Journal of New England Technology's

target="_blank">StartUp: Five You Should Follow list

, and securing $10.2 million in venture capital funding.

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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