Calgary's Solium Capital Acquires OptionEase

Posted by Techvibes NewsDesk

Calgary-based Solium Capital, a global provider of cloud-enabled software and services for equity administration, financial reporting and compliance, announced today that it has acquired OptionEase, a provider of apps for fair-market-value accounting and compliance in the US.

Solium began as a napkin idea that grew into a worldwide provider with offices in four countries and nearly 3,000 clients.

"Along with the acquisition and successful integration of California-based CapMx earlier this year, the acquisition of OptionEase solidifies Solium’s leadership position in equity administration management for private market and emerging public-market companies,” said Mike Broadfoot, CEO and Managing Director of Solium. “We now serve more than 2,800 clients in total, with 1,000 of those companies coming from the private market.”

“We are pleased to join forces with Solium Capital to provide our clients with a full spectrum of world-leading equity management solutions, for everything from early-stage capitalization table management to global stock plan administration,” said OptionEase CEO Kim Kovacs. “The synchronicity between our technologies and intellectual capital will allow Solium to meet the equity administration, valuation and compliance needs of any private or public company in North America or abroad.”

The transaction is expected to close in November 2012. 

Company:
Solium Capital
Website:
http://www.solium.com
Location:
Calgary, Alberta, Canada

Solium Capital Inc. (“Solium”) (TSX: SUM) is the leading provider of web-based software-as-a-service for global equity administration, financial reporting and compliance. From its operation centers in the United States, Canada, the UK and Australia, Solium powers stock plan administration and equity transactions for more than 2,800 public and private companies with employee participants in 80 countries. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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