CALGARY, Jan. 7, 2013 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the leading global provider of cloud-enabled software and services for equity administration, financial reporting and compliance, announced today that it has acquired Corporate Focus ("Corporate Focus"), a leading provider of cloud-based equity administration, accounting and compliance technology for privately-held companies.
"The acquisition of Corporate Focus builds on our successful integration of California-based CapMx and OptionEase in 2012, and entrenches Solium as the clear leader 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 3,200 clients, including some 150 law firms that provide services to private companies."
Since 1995, Corporate Focus has helped finance and legal professionals replace spreadsheets with an automated equity reporting system that saves time and money, increases accuracy and reduces compliance risk, while easily sharing information with stakeholders. These solutions are complementary to Solium's larger vision of providing cloud-enabled equity management solutions, serving companies from inception right through to joining the Fortune 500.
"We are thrilled to join Solium and dramatically expand our ability to serve our customers at every stage of their equity tracking lifecycle," said Gary Levine, founder and CEO of Corporate Focus. "While we have seen amazing changes in the way that equity transactions are done over the past 18 years, we know the most exciting opportunities lie ahead. Together with Solium, we will deliver solutions to our customers' most important business challenges."
The transaction closed in December 2012.
Solium (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From our operation centers in the United States, Canada, the UK and Australia, our innovative SaaS technology powers share plan administration and equity transactions for more than 3,200 clients with employees in 150 countries. Follow us @Solium and visit us online at solium.com.
About Corporate Focus
Corporate Focus (formerly Two Step Software) is the leading cloud-based equity administration, accounting and compliance system for privately-held, emerging growth companies. Please visit corporatefocus.com.
SOURCE: Solium Capital Inc.
For further information:
CEO and Managing Director
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230
Director of Marketing