Stock plan administration.

• Position: Technology tools - Two Step Software Inc. introduces Equity Focus - Brief article

Two Step Software Inc., a provider of corporate governance and stock plan administration solutions, has introduced Equity Focus. It calls the product "the first fully integrated stock plan administration system with both option expensing under FAS 123(R) and corporate governance records management."

Equity Focus is a browser-based stock plan administration system that helps financial executives and stock plan administrators at venture-backed and other privately held companies make multimillion-dollar decisions concerning new investors, merger partners or any future exit strategy "with the confidence that they have a complete picture of every aspect of their companies' total capitalization," the Needham, Mass., company said in an announcement.

"In addition to calculating FAS 123(R) valuations and amortization, it helps them manage complex stock plans, anticipate effects of various financing options on future capital structures, track dividends and distributions and create fully diluted capitalization tables."

Stock plan administrators stand to benefit from the way that Equity Focus integrates stock and option...