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David Lahey Joins SpeedTax as Executive VP, Sales & Marketing


Former Sage VP of Sales assumes key senior management role at SaaS sales tax
solution provider following fresh influx of private equity funding

Laguna Hills, Calif. – February 1, 2010 SpeedTax, a provider of Software-as-a-Service (SaaS), fully-automated sales tax management solutions, today announced the appointment of David Lahey to the newly-created post of Executive Vice-President, Sales and Marketing, effective immediately. Lahey will report to SpeedTax CEO Anton Donde.

The appointment follows an announcement earlier this month regarding a new injection of private equity funding for SpeedTax from original investor group Committed Capital.

Lahey comes to SpeedTax from Sage, where he served as VP of Sales for the Sage MAS 90/200/500 ERP and Sage Accpac ERP product lines.

“David is a key talent acquisition for SpeedTax, and will be instrumental in further expanding our customer base,” said Anton Donde, SpeedTax CEO. “David is tasked with broadening a customer base ranging from QuickBooks users to large enterprises running SAP R/3, and CPA firms of all sizes - in addition to continuing to add customers for solutions including eCommerce, Consumer Use Tax, exemption certificate management, and reverse audits. His unique ability to differentiate a specific brand or product offering in a broad marketplace makes him the best possible candidate for this new post.”

“Based on our previous relationship with David while he was at Sage, he is an excellent choice for this new position,” said Jeffrey D. Roth, CEO of SWK Technologies, Inc. in Livingston, N.J. “He has the knowledge, experience and talent to carry the SaaS sales tax value proposition into the marketplace and deliver results for SpeedTax.”

About SpeedTax
SpeedTax is an easy-to-use, affordable and technologically advanced web-based (Software-as-a-Service) sales tax solution for businesses of all sizes. SpeedTax performs real-time sales tax calculations, provides automated returns preparation and filing, and integrates seamlessly with customers' financial or e-commerce systems. SpeedTax also offers reporting, treasury management and audit defense with sophisticated, web-based compliance management and executive dashboard tools. SpeedTax allows companies to outsource the researching, calculating, posting, reporting and remitting of sales taxes – while better managing their business via online, real-time access to sales tax data. For more information, visit www.speedtax.com, or call us at 888.349.2441.

Media Contact:
Brian Austin
Director of Public Relations
949.215.1177 (Office)
707.799.9838 (Mobile)
brianaustin@speedtax.com

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