CALGARY, Aug. 5, 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 the acquisition of Executive Trading Solutions
ETS is a premier provider of online technology for the administration,
execution and reporting of 10b5-1 trading plans in the US through
my10b51.com. This service is valuable to brokerage firms, corporate
issuers and executives in providing insiders an approved method to be
in compliance with the insider trading rules of the Securities Exchange
Commission. ETS also offers a restricted stock clearance platform which
helps individuals holding restricted securities, trade more
efficiently. Andrew Neal, the CEO and founder of ETS and the ETS team,
will join Solium. Mr. Neal brings more than a decade of executive
services experience, having managed thousands of 10b5-1 trading plans.
"The acquisition of ETS is a natural extension of Solium's current
compliance offerings where our goal is to reduce risk and simplify
compliance for our clients. We are bringing together best-of-breed
technology solutions with deep domain expertise to deliver a superior
customer experience" commented Jim Wulforst, President, Solium USA.
The integration of ETS into Solium's overall Executive Services
offering, supports a strategy to provide a fully-integrated end-to-end
solution for C-suite and top-level executives. This solution includes
providing plan and share holding management, automated clearance of
restricted securities, fully-integrated 10b5-1 trading, real-time SEC
reporting, and personalized service through our executive services
team. The goal is to provide clients with ultimate control over all
aspects of their trades, as well as significant administrative time and
cost savings. "Most importantly, as the level of regulatory and public
scrutiny over insider activity continues to increase, we can help to
reduce the risk exposure for companies and offer them peace of mind in
a way that is unmatched by anyone else," stated Mr.Wulforst.
This transaction is effective immediately. Clients of ETS may continue
to contact their ETS representative or contact Solium's Executive
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for
global equity administration, financial reporting and compliance. From
offices in the United States, Canada, the United Kingdom, Spain, France
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 100
countries. Follow us @Solium and visit us at solium.com.
SOURCE: Solium Capital Inc.
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