CALGARY, Oct. 10, 2017 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the leading provider of software-as-a-service for global equity-based incentive plans, administration, financial reporting and compliance, today announced the acquisition of Capshare, a high-growth cloud platform for cap table management, electronic-share tracking, modeling and waterfall analysis, and compliance for private companies.
Capshare will continue to operate as an independent entity, focused on early-stage private companies, but now with the power of Solium's broader capabilities and technology support.
"Capshare has built an incredible product for early-stage companies that enables them to service their target audience better than any other company in the market," said Marcos Lopez, Chief Executive Officer of Solium. "Together with Solium's Shareworks platform, we are now able to bring the best technology and service to companies from inception through IPO."
Through this acquisition, Solium will be able to serve early-stage startups, to bring them into an ecosystem that is trusted by thousands of high-growth private companies as well as later-stage private and public companies, worldwide.
"The private company market for equity management and valuations is going through an evolution," said Jeron Paul, founder and Chief Executive Officer of Capshare. "Companies are abandoning spreadsheets and looking toward a single provider for services like 409A, stock option expensing, shareholder relations and board management. Solium is the perfect partner to help Capshare's customers succeed in this changing market. We couldn't be more thrilled to be the newest member of the Solium family."
Capshare will remain independently run with no changes to the management team and will continue to focus exclusively on early-stage private companies. As a part of the growth plan, Solium will invest to allow Capshare to triple its development team. In addition, as Capshare customers advance from early-stage to later-stage companies, they will gain access to Solium's resources. Solium counts six of the 10 highest-valued pre-IPO companies as customers and continues to grow its public and private business aggressively.
"The acquisition of Capshare moves us closer to our goal to provide private companies the best equity management and valuation solutions in a way that can support them from startup through to maturity," stated Mr. Lopez.
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, Europe 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.
About Capshare, Inc.
Headquartered in Salt Lake City, Capshare is a web-based equity management platform where private companies can issue stock and manage all of their equity in one place without getting bogged down in spreadsheets and paperwork. Over 10,000 companies, investors, and lawyers currently use the Capshare platform. For more information, visit www.capshare.com.
SOURCE Solium Capital Inc.
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