Solium Capital, now known as Shareworks by

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

, is a subscription-software (

SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

) company headquartered in

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. It is best known for Shareworks, software used by public and private companies to manage their

employee stock option Employee stock options (ESO or ESOPs) is a label that refers to compensation contracts between an employer and an employee that carries some characteristics of Options (finance), financial options. Employee stock options are commonly viewed as ...

s and/or cap tables. It also does 409A valuations (see Internal Revenue Code section 409A). The company has ~3,000 clients and has offices in

, the

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, the UK,

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and

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

announced a definitive agreement to acquire Solium in February 2019 for approximately CAD$1.1 billion (US$900 million), a 40% premium over the recent trading price.

History

Solium was founded 1999 by two Calgary-based financial advisers, John Kenny and Mark Van Hees. In 2001, the company made its initial public offering (IPO) on the TSX Venture Exchange. Early clients included TransAlta, Encana Corp., and Shell Canada Ltd. In 2004, Solium became profitable. In 2010, Solium acquired Computershare's Transcentive business. In this transaction, Solium acquired the Express Options software platform, which UBS white-labeled. In 2011, Solium opened an office in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, UK. In 2012, Solium acquired the CapMx business from Silicon Valley Bank. In 2013,

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Corporate and Employer Solutions announced a partnership with Solium to white-label Shareworks. In 2014, Solium opened an office in

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

. Later that year, BHP Billiton became a client. In 2016,

announced that it would use Shareworks to serve its U.S. clients. In 2017, UBS began to white-label Shareworks to run its Equity Plan Advisory Services. In 2017, Solium acquired Capshare and let it continue to run as an independent entity. in 2018, Solium acquired Advanced-HR, a U.S. company that provides compensation data and compensation planning software for private and venture backed companies. In 2019, Solium was acquired by

at a price of CAD$19.15 per Common Share. The total transaction was valued at approximately CAD$1.1 billion (US$900 million). #

References

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External links

Official website
Companies based in Calgary Software companies of Canada Software companies established in 1999 Canadian companies established in 1999