Solium Completes Acquisition of Executive Trading Solutions (my10b51.com)
CALGARY, Aug. 5, 2014 /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 that it has completed the acquisition of Executive Trading Solutions LLC ("ETS").
ETS is a premier provider of online technology for the administration, execution and reporting of 10b5-1 trading plans in the US through my10b51.com. This service is valuable to brokerage firms, corporate issuers and executives in providing insiders an approved method to be in compliance with the insider trading rules of the Securities Exchange Commission. ETS also offers a restricted stock clearance platform which helps individuals holding restricted securities, trade more efficiently. Andrew Neal, the CEO and founder of ETS and the ETS team, will join Solium. Mr. Neal brings more than a decade of executive services experience, having managed thousands of 10b5-1 trading plans.
"The acquisition of ETS is a natural extension of Solium's current compliance offerings where our goal is to reduce risk and simplify compliance for our clients. We are bringing together best-of-breed technology solutions with deep domain expertise to deliver a superior customer experience" commented Jim Wulforst, President, Solium USA.
The integration of ETS into Solium's overall Executive Services offering, supports a strategy to provide a fully-integrated end-to-end solution for C-suite and top-level executives. This solution includes providing plan and share holding management, automated clearance of restricted securities, fully-integrated 10b5-1 trading, real-time SEC reporting, and personalized service through our executive services team. The goal is to provide clients with ultimate control over all aspects of their trades, as well as significant administrative time and cost savings. "Most importantly, as the level of regulatory and public scrutiny over insider activity continues to increase, we can help to reduce the risk exposure for companies and offer them peace of mind in a way that is unmatched by anyone else," stated Mr.Wulforst.
This transaction is effective immediately. Clients of ETS may continue to contact their ETS representative or contact Solium's Executive Services team.
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, Spain, France 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.
SOURCE: Solium Capital Inc.
Investor relations
Conrad Seguin
TMX | Equicom
416.815.0700 x 251
[email protected]
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