The acquisition will give private companies
unprecedented access to compensation and equity plan data and
technology to help organizations attract and retain top
talent
CALGARY, Feb. 21, 2018 /CNW/ - Solium Capital Inc.
("Solium" or the "Company") (TSX: SUM), the leading global provider
of software-as-a-service (SaaS) for equity administration,
financial reporting and compliance, today announced that it has
acquired Advanced-HR, the leading provider of compensation data and
compensation planning software for private and venture backed
companies.
Based in San Francisco,
Advanced-HR is the trusted source for compensation data in the
venture capital and private company ecosystem. Through its
products, OptionDriver and OptionImpact, the company has
unparalleled expertise with startup compensation data and services.
Over 2,500 startups and 120 top venture capital firms use
Advanced-HR for compensation and equity benchmarking and
planning.
"Since founding the company in 1997, we have pioneered a number
of firsts in our industry," said Dee
DiPietro, Advanced-HR's Founder and Chief Executive Officer.
"We brought transparency and automation to an industry that has a
complex approach to compensation in that equity plays a significant
role. As Advanced-HR continues to scale, it made perfect sense to
join forces with a financial technology leader in equity
management."
Together, Solium and Advanced-HR give an unprecedented source of
data combined with the best applications and services for planning,
managing and engaging employees with their equity based
compensation.
"Not only is Advanced-HR the de facto leader in compensation
data, they show companies and their VC partners how to put the data
to work to make informed decisions in building their teams," said
Marcos Lopez, Solium's Chief
Executive Officer. "Talent is the number one resource in a startup.
Having the data and planning tools to effectively compensate and
retain talent is mission critical for a high-growth startup. With
this acquisition, our private market clients will now be able to
use Advanced-HR's equity data and benchmarks to guide them in
compensating their employees."
The Advanced-HR team will join Solium's San Francisco office.
About Solium Capital Inc.
Solium 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 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.