SmartVault Releases Major Year-End Service Update

Enhanced portals, Quick Start package among the many updates that position SmartVault as the profession’s

LAS VEGAS, NV–November 7, 2011 – At the Sleeter Group’s 2011 AccountingSolutions Conference,SmartVault, a leading provider of SaaS document storage and sharing solutions, announced its major year-end service update.

With this new update, firms will save time communicating with clients and can securely share documents quickly and easily

—all while meeting strict requirements for breach-of-privacy laws and compliance with IRS codes regarding the transfer of digital information. Developed to meet the specific needs of the professional services provider, including the accounting professional, SmartVault is the standout application for securely storing and sharing files with highly sensitive or confidential data, while also ensuring compliance with ever-changing regulations.

“Our focus continues to be on helping accountants easily work with client data and files, which is why wecontinue to enhance SmartVault with easy-to-use features that have an immediate and positive impact on workflow,” saidEric Pulaski, founder and CEO of SmartVault. “The vision is to provide a common document management solution where users can view and exchange files across applications and from any browser to streamline business processes and ensure compliance with strict data security mandates. SmartVault has emerged as the profession’s go-to online document management solution.”

New features in the service update are scheduled for release on November 15, 2011,
and include:

· Email Notifications—Users can set up the system to automatically receive email notifications when documents are uploaded or downloaded, as well as specify how frequently they want to receive notifications.

· Full Text Search—Users can search for files uploaded to their account using keywords containedwithin the body of a searchable Microsoft Word, Excel, PowerPoint, or PDF document.

· Improvements to Sharing—Sharing files is easier and more intuitive. Users see at-a-glance who has access to each folder, and can easily configure sharing and notifications on new folders.

· Quick Start Service—Users can take advantage of services that will accelerate the adoption of SmartVault in their firm such as bulk user upload and folder creation, custom branding, custom training for firm and clients, and one-time data migration.

“The movement toward the Cloud is gaining momentum as the profession starts to see the value of 24/7 access and ease of secure file sharing across applications,” stated Darren Root, executive editor,CPA Practice Advisor. “The past couple of years have been investigative in nature as firms have educated themselves on advanced SaaS technologies like portals. The time has now come to move forward with adoption or be left behind. The Cloud is the new way of doing business.”

In October, SmartVault also released a major update to their Software Developer Kit (SDK). The main enhancement was the inclusion of REST API’s, which provide a platform-independent API to develop web-, desktop-, and mobile-based applications that can integrate with SmartVault. This update represents the company’s commitment to providing tools to developers that make it easy to embed document management functionality in their applications. Customers benefit from storing their document once in the Cloud and accessing it from a variety of applications and devices.

For more information about the new enhancements to the SmartVault service or the recently updated SDK, visit the SmartVault booth at the Sleeter Conference (#B4), November 7-9, 2011, or visitwww.smartvault.com/products/whatsnew.php.

Technology Preview for Sleeter Conference Attendees

In addition to the new capabilities in the November service update, SmartVault will showcase aplug-in for Microsoft Outlook, built using the SmartVault REST API. With this plug-in, customers can securely share files without leaving Outlook, convert files to links, upload new files, and access files stored in SmartVault. Drop by the SmartVault Booth (#B4) for a sneak peek.

Special End-of-Year Promotion

Secure today’s pricing! SmartVault will increase pricing on the SmartVault Team and SmartVault Professional plans in January 2012. Customers who purchase these plans on or before December 31, 2011, will secure the newly released features at the current plan pricing. For more information or tosign up, visit www.smartvault.com.

About SmartVault
SmartVault, a leading provider of Software as a Service document storage and sharing solutions, provides accounting professionals and businesses with an easy and affordable solution for users to store, view, and share files securely any time and from anywhere. 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’s web portal, users can securely view and share files. SmartVault has earned top honors from Intuit as a QuickBooks Gold Certified Developer,has won both a Readers’Choice Award and a Technology Innovation Award from The CPA Technology Advisor, and has earned Awesome Add-on awards for QuickBooks from The Sleeter Group.

SmartVault is a trademark of SmartVault Corporation. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.

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