CALGARY, Oct. 8, 2012 /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 will acquire OptionEase Inc. ("OptionEase"), the leading
provider of applications for fair-market-value accounting and
compliance in the United States.
"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."
OptionEase offers software-as-a-service (SaaS) equity management to the
governance, risk and compliance (GRC) marketplace. These solutions are
complementary to Solium's market-leading Shareworks™ platform, the only
web-based software that combines automated recordkeeping, trade
execution and reporting of all equity-based compensation plans on a
single, integrated platform.
"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. The completion of
the transaction is subject to customary closing conditions.
About Solium Capital Inc.
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 2,800 clients with employees in 80
countries. Follow us @Solium and visit us online at solium.com.
About OptionEase Inc.
OptionEase is the leader in SaaS-delivered regulatory applications in
the highly complex governance, risk and compliance (GRC) marketplace.
The company's first product was designed specifically for audit
compliance and has since grown into a full range of end-to-end equity
management tools. The company is headquartered in Mission Viejo,
Certain statements included or incorporated by reference in this press
release constitute forward-looking statements or forward-looking
information under applicable securities legislation. Forward-looking
statements or information typically contain statements with words such
as "anticipate", "believe", "expect", "plan", "intend", "estimate",
"propose", or similar words suggesting future outcomes or statements
regarding an outlook. The forward-looking statements or information in
this press release include expectations on the timing and the
completion of various events. Such forward-looking statements or
information are based on a number of assumptions which may prove to be
incorrect. Although Solium believes that the expectations reflected in
such forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements or
information because Solium can give no assurance that such expectations
will prove to be correct. The forward-looking statements and
information are based on Solium's current expectations, estimates and
projections, and are subject to a number of significant risks and
uncertainties that could cause actual results to differ materially from
those anticipated. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
SOURCE: Solium Capital Inc.
For further information:
CEO and Managing Director
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230