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Solium Announces Acquisition of Corporate Focus
(Canada Newswire Via Acquire Media NewsEdge)
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.
About Solium
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.
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