Solium Capital Inc. Announces Acquisition of SVB Analytics' CapMx Business
May 08, 2012 08:00 ET
Solium Capital Inc. Announces Acquisition of SVB Analytics' CapMx Business
CALGARY, ALBERTA--(Marketwire - May 8, 2012) - Solium Capital Inc. ("Solium") (TSX:SUM), a leading global provider of web-based stock plan administration technology and services, announced today that it will acquire the CapMx business of SVB Analytics, Inc., a member of SVB Financial Group.
"The CapMx product is a leading technology for private market companies and SVB Analytics and the CapMx team have done an excellent job of developing an extensive distribution network and establishing themselves as the market leader", said Jeff English, a Managing Director of Solium. "This is an important acquisition for Solium as it extends our reach into the private market and brings with it a strong book of business and a very experienced and talented team."
SVB Analytics, offers solutions tailored to the needs of private technology and life science companies and their venture capital investors. The CapMx business provides software and support that enable companies to efficiently and accurately track and maintain their equity in connection with private company stock options, common and preferred stock, restricted stock, and warrant programs. In addition, CapMx Equity Compensation Management and Equity Enterprise includes an electronic option delivery tool to reduce hard-copy paper documentation of options, and tools enabling companies to model over-hang, future financing rounds and exit scenarios. Solium will continue to offer these services to current and prospective clients.
"We expect that at Solium, CapMx will become part of an end-to-end suite of equity compensation solutions that will meet companies' needs as they transition from inception through growth phases and eventually become public," said Iris Hit-Shagir, President of SVB Analytics. "With Solium aligned to take care of the CapMx clients, SVB Analytics will now be able to focus on continuing to expand our already robust valuation, advisory, and research services to the venture capital ecosystem."
The transaction is expected to close by the end of May 2012. The completion of the transaction is subject to customary closing conditions.
About Solium Capital Inc.
Solium Capital Inc. (TSX:SUM), a software-as-a service (SaaS) company, is a leading global provider of web-based stock plan administration technology and services. Our software helps companies automate and manage their stock option and purchase plans, by providing unrivalled comprehensive regulatory and financial reporting capabilities. Founded in 1999, Solium has offices in Canada, the United States and the United Kingdom.
About SVB Analytics
SVB Analytics offers powerful, business-critical information for private companies and their venture capital investors. Its services enable companies to comply with tax and audit requirements and report to their boards more effectively, enabling investors to make and manage their fund investments with greater insight. Specifically, SVB Analytics offers valuation services to help companies comply with IRC 409A, FAS 123R, FAS 141/142 and FAS 157. SVB Analytics is a member of global financial services firm SVB Financial Group, with Silicon Valley Bank, SVB Capital and SVB Private Bank, serving the unique needs of technology, life science and venture capital firms. For more information please visit [ www.svb.com/svbanalytics ].
SVB Analytics is a non-bank affiliate of Silicon Valley Bank and a member of SVB Financial Group. Products and services offered by SVB Analytics are not FDIC insured and are not deposits or other obligations of Silicon Valley Bank. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System and it is the California bank subsidiary of SVB Financial Group, which is also a member of the Federal Reserve System.
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. The forward-looking statements or information in this press release include expectations on the timing and the completion of various events. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. 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. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.