CALGARY, October 10, 2017 /PRNewswire/ --
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
http://www.capshare.com.
Investor Relations Contact: NATIONAL Equicom, Heidi Christensen Brown,
hchristensenbrown@national.ca, +1-416-848-1389; Media Contact:
Kelsey Cullen, Kelsey@kcpr.com,
+1-650-438-1063