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SHAREFILE CEO SELECTED TO CPA TECHNOLOGY ADVISOR'S "40 UNDER 40" LIST

Jesse Lipson Recognized as a Leading Technology Solutions Provider for the Professional Accounting Industry

ShareFile, a leading provider of secure file transfer and full-featured virtual data room solutions that enable companies to exchange large and/or confidential business files, today announced CEO Jesse Lipson was selected to the CPA Technology Advisor's "40 Under 40" list. Mr. Lipson was named one of this year's honorees in recognition for his contributions as a leading technology solutions provider for the professional accounting industry.

"Since founding the company five years ago, ShareFile has had the opportunity to work with hundreds of CPA firms and today, several thousand professionals in the accounting industry rely on our file exchange and online data storage solutions," said Jesse Lipson, chief executive officer, ShareFile. "By listening to our customers, we're able to continuously raise the bar for our services and deliver the solutions and functionally they need. The recognition by The CPA Technology Advisor is truly a reflection of ShareFile's commitment to client relations as well as our deep understanding of the accounting industry."

In its fifth year, the "40 Under 40" program honors accountants, tax professionals and technology developers serving CPAs, who have demonstrated strong leadership qualities and have been instrumental in shaping the profession. Nominated by tax and accounting professionals, honorees are selected based on key attributes, such as, dedication to client service, ethical conviction, desire to help educate their peers and adoption and development of technologies that help firms grow.

"As a full-service CPA firm providing audit and tax services to over 10 different practices, we need a solution that can be easily adopted by staff or professionals and enhance overall productivity," said Brooks Malone, partner, Hughes Pittman & Gupton LLP (HPG). "We've been using ShareFile for almost 5 years, and found they provide a high level of support, but most importantly, their technology enables HPG to easily communicate with clients and securely exchange large documents that often contain both confidential and personal information."

Founded in 2005, ShareFile provides specialized software solutions for any type of business that needs to transfer large files or sensitive data. In the last five years, the company has experienced significant growth, achieving 1.5 million users by September 2010 as well as being named to the 2010 Inc. 500 list of America's fastest-growing private companies. By focusing exclusively on business users and offering secure, custom branded file transfer and high-touch customer support, ShareFile continues to establish itself as one of the industry's leading business solution providers.