Solium Completes Acquisition of GlobalSharePlans
CALGARY, Jan. 10, 2014 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the leading global provider of software-as-a-service for equity administration, financial reporting and compliance, today announced that it has completed its acquisition of GlobalSharePlans, a leading online provider of regulatory and tax information for companies with global equity incentive plans.
Continuing forward as Solium GSP, Solium GSP provides regulatory information and tax rates and rules through online databases, automated alerts and a network of experts spanning more than 150 countries. Solium GSP assists clients in the administration of international equity incentive plans across multiple tax jurisdictions, including their compliance with local laws and regulations. Solium GSP provides a strong functional complement to Solium's Shareworks™ platform by enhancing Solium's industry leading global taxation and compliance services. Solium GSP plays an important role in fulfilling Solium's mission of simplifying the complexities of equity administration for clients by assisting them to more efficiently manage regulatory compliance and human capital.
Consideration for the acquisition included cash and the issuance of 176,493 common shares in the capital of Solium.
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity-based incentive plans administration, financial reporting and compliance. From operation centers in the United States, Canada, the United Kingdom and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 150 countries. Follow us @Solium and visit us at www.solium.com.
SOURCE Solium Capital Inc.For further information:
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230