Corefino Recognized as a Technology Pacesetter for 2008

Accounting Technology Magazine Names Outsourced Accounting Firm to Annual Top 100 List

SUNNYVALE, Calif. - January 6, 2009 - Accounting Technology magazine recognized Corefino, Inc., a provider of outsourced accounting and financial solutions for growing businesses, as a Technology Pacesetter for 2008. Corefino was named to the magazine's annual list of top 100 small to medium-sized companies that market outstanding financial services and applications.

"As a company founded by accountants to support accountants, we're understandably thrilled by this selection," said Corefino CEO Karen Northup. "The award affirms the strength of the Corefino technology solution, which allows us to provide quality outsourced accounting and professional expertise without the high personnel, software and operational expenses associated with in-house alternatives."

Based on a highly scalable Web-based accounting platform, the Corefino solution provides small to medium-sized companies with finance and accounting capabilities previously found only in large enterprises. Each Corefino client is industry-matched with a specific team of Corefino staff accountants and a controller. Oversight and strategic insights are provided by a council of Corefino Chief Accounting Officers, each with over 20 years of experience.

With this unique blend of people, process and advanced technology, Corefino provides critical guidance, oversight and controls for growing businesses. Corefino services include monthly reporting, calculating sales commissions, cutting checks and a wide range of core accounting responsibilities seamlessly aligned within Corefino's secure, real-time Web platform.

Selections for this year's Pacesetters list were based on a wide range of criteria, including substantial growth, leadership influence, involvement in the accounting software community, and recognition from companies whose software they market. "All of these factors help us recognize quality businesses, regardless of size," said Robert Scott, editor of Accounting Technology.

Companies named to the top 100 list offer a wide range of software applications and services, mostly focused on financial software. The names of all 100 organizations were published in the December 2008 issue of Accounting Technology and can be accessed at www.accountingtechnology.com.

About Corefino

Corefino is the 'Future of 21st Century Accounting' -- a completely outsourced solution for replacing the aging on-premise approach to performing routine financials. Corefino offers a turnkey people/place/platform combination of outsourced accounting experts, outsourced technology and its Triple-C (Connect-Correct-Comply) Best Practices/ workflow framework. By removing the on-site technology and headcount headaches from mid-market CFO's and Controllers, Corefino helps them to become 'strategic accelerators' capable of more meaningful business impact.

Corefino operates on a variety of Software-as-a-Service (SaaS)-based platforms via monthly subscriptions, and has formed strategic partnerships including ADP, EASi and Intacct. Corefino has vertical market expertise in digital home services, electronic gaming, health services, municipal government, regional corporate offices, alternate energy and clean technology focused companies. Corefino services include reconciliation, GAAP-based financials, plus others that facilitate monthly/quarterly/annual closes, IPO and merger preparation, etc. The company was founded in 2004, the Triple-C platform was completed in 2006, and the company received capitalization in 2008 to challenge the mid-market ERP leaders. Corefino, recognized as a candidate for InformationWeek's 2009 'Top 50' Start-Ups, is based in Sunnyvale, CA. For more information on the company, please see www.corefino.com.