Solium Announces the Opening of a Client Service Centre in Barcelona

CALGARY, Oct. 19, 2016 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the leading global provider of software-as-a-service for equity administration, financial reporting and compliance, today announced the grand opening of its operating centre in Barcelona, Spain supporting the Company's growing international customer and participant base particularly in the EMEA region.

"We are committed to being the leading global plan administrator in the industry. Barcelona provides a strategic additional location to continue building this promise to our customers and the market," said Marcos Lopez, Solium's CEO. "Solium is the only administrator operating in North America, Europe and Asia on a single technology and service platform – enabling our global customers to leverage support from all of our global offices seamlessly."

Solium's Barcelona office is a multilingual client and participant service centre supporting Solium's European and global customers. It is also the hub for the Company's Shareworks Global Compliance product, an online database of legal and tax regulations that spans more than 170 countries. Solium began staffing the client service center in July of 2016. There are presently 20 full time employees operating out of this location.

"Over the last year we've seen strong growth in new customers across the EMEA region, in particular Continental Europe, and we expect the momentum to continue," said Brian Craig, Solium's Managing Director, EMEA. "We now have the ability to offer client and participant support in most native European languages, a key competitive advantage that will help us expand our leadership position in the region. In addition, Barcelona is a world class city that attracts world class talent, making it a great location to expand our services."

Solium will be hosting a formal opening celebration on Wednesday October 19^th at its new office with special invited guests from the Catalonia Government's Department of Trade and Industry.

"We are thrilled that Solium has decided to build its facility in Barcelona," said Núria Betriu, General Director of Industry, Catalonia Government Department of Trade and Industry. "Solium's decision to invest in our region and create jobs in the technology sector is one that we hope other companies will replicate. We look forward to the Company's continued success and the growth of the office in Barcelona."

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.

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. Specific forward-looking statements in this press release include statements with respect to continued investment in Shareworks, and the growth of international operations and international markets. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect, including assumptions with respect to the ability of the Company to identify, hire, train, motivate and retain qualified personnel, the Company's ability to maintain or accurately forecast revenue from its products and services, and the competitive environment in which the Company operates.  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, including general business and economic conditions, actions of competitors and partners, the regulatory environment and product capability and acceptance. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Solium Capital Inc.

Investor relations, Conrad Seguin, NATIONAL | Equicom, 416-586-1951, [email protected]