Solium Capital has acquired Salt Lake City-based Capshare, an equity management platform for valuation service providers and organizations. No financial terms were disclosed. Capshare was backed by Standish Management.
Solium Capital Inc. (“Solium”) (TSX: SUM), the leading provider of software-as-a-service for global equity-based incentive plans, administration, financial reporting and compliance, today announced the acquisition of Capshare, a high growth cloud platform for cap table management, electronic-share tracking, modeling and waterfall analysis, and compliance for private companies.
Capshare will continue to operate as an independent entity, focused on early stage private companies, but now with the power of Solium’s broader capabilities and technology support.
“Capshare has built an incredible product for early stage companies that enables them to service their target audience better than any other company in the market,” said Marcos Lopez CEO of Solium. “Together with Solium’s Shareworks platform we are now able to bring the best technology and service to companies from inception through IPO.”
Through this acquisition, Solium will be able to serve early stage startups, bringing them into an ecosystem that is trusted by thousands of high growth private companies as well as later stage private and large public companies, globally.
“The private company market for equity management and valuations is going through an evolution,” said Jeron Paul, Founder and CEO of Capshare. “Companies are abandoning spreadsheets and are looking toward a single provider for services like 409A, stock option expensing, shareholder relations and board management. Solium is the perfect partner to help Capshare’s customers succeed in this changing market. We couldn’t be more thrilled to be the newest member of the Solium family.”
Capshare will remain independently run with no changes to the management team and will continue to focus exclusively on early stage private companies. As a part of the growth plan, Solium will invest to allow Capshare to triple its development team. In addition, Capshare customers as they mature, will now gain access Solium’s resources – a company that currently serves 6 of the 10 highest-valued pre-IPO companies and is growing its public and private business aggressively.
“The acquisition of Capshare moves us closer to our goal of providing private companies the best equity management and valuation solutions, in a way that we can support them from startup through maturity,” stated Mr. Lopez.
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.
About Capshare, Inc.
Headquartered in Salt Lake City, Capshare is a web-based equity management platform where private companies can issue stock and manage all of their equity in one place without getting bogged down in spreadsheets and paperwork. Over 10,000 companies, investors, and lawyers currently use the Capshare platform. For more information, visit www.capshare.com.