Press release from PR Newswire
Computershare Acquires Stake in Solium Capital
Monday, August 16, 2010
Expanding offering to North American stock option plan clients
NEW YORK and TORONTO, Aug. 16 /PRNewswire/ -- Computershare Limited (ASX: CPU), a leading financial services provider for the global securities industry, today announced it is acquiring a 20% stake in Solium Capital Inc. ("Solium") (TSX: SUM), a leading, global provider of web-based stock option plan administration technology and services and a publicly traded company listed on the Toronto exchange. Additionally, Solium will acquire the assets of Computershare's North American employee stock option plan and Transcentive businesses.
"After careful assessment of the stock option marketplace, we determined that the best way to continue serving our clients from an innovation and technology perspective would be to offer our options-related clients one of the most advanced solutions in the business and Solium has that," said Steven Rothbloom, President and CEO of Computershare's US region.
"This transaction illustrates Computershare's long-term commitment to the employee plans business worldwide. By acquiring a 20% stake in Solium ? along with Computershare's strong employee stock purchase plan (ESPP) business ? Computershare remains a leader in the equity compensation plan administration industry while more effectively bringing superior service to its clients," said Wayne Newling, President and CEO of Computershare's Canada region.
Computershare will continue to evolve, acquire, diversify and form strategic agreements so it can optimize service and offerings to clients.
Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organizations use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers.
Computershare is represented in all major financial markets and has over 10,000 employees worldwide.
For more information, visit www.computershare.com.
Tel: 1 312 588 4249
Tel: 1 212 805 7271
SOURCE Computershare Limited
For further information: Juli Bark, EVP, Marketing, +1-312-588-4249, email@example.com, or Jeff Stein, Media Relations, +1-212-805-7271, firstname.lastname@example.org, both of Computershare