Solium

Last updated
Solium
Type Private
TSX: SUM - Former Symbol
Industry Financial services, Software
Founded1999;24 years ago (1999)
FateAcquired by Morgan Stanley
Headquarters,
Area served
Worldwide
Key people
Marcos Lopez (CEO)
ProductsShareworks
  • Equity Administration
  • Financial Reporting
  • Participant Experience
  • Forms Filing
  • Global Intelligence
  • Cap Table
  • Scenarios
  • Mobile App
  • 409A Valuations
RevenueIncrease2.svg US$108.3 million (2018)
Number of employees
781
Website www.shareworks.com

Solium Capital, now known as Shareworks by Morgan Stanley, is a subscription-software (SaaS) company headquartered in Calgary, Alberta, Canada. [1] It is best known for Shareworks, software used by public and private companies to manage their employee stock options and/or cap tables. It also does 409A valuations (see Internal Revenue Code section 409A). The company has ~3,000 clients [2] and has offices in Canada, the United States, the UK, Europe and Australia. [3] [4] Morgan Stanley announced a definitive agreement to acquire Solium in February 2019 [5] for approximately CAD$1.1 billion (US$900 million), a 40% premium over the recent trading price. [6]

Contents

History

Solium was founded 1999 by two Calgary-based financial advisers, John Kenny and Mark Van Hees. [7] In 2001, the company made its initial public offering (IPO) [8] on the TSX Venture Exchange. Early clients included TransAlta, Encana Corp., and Shell Canada Ltd. [2] In 2004, Solium became profitable.

In 2010, Solium acquired Computershare's Transcentive business. [9] In this transaction, Solium acquired the Express Options software platform, which UBS white-labeled.

In 2011, Solium opened an office in London, UK. [2]

In 2012, Solium acquired the CapMx business from Silicon Valley Bank. [10]

In 2013, Barclays Corporate and Employer Solutions announced a partnership with Solium to white-label Shareworks. [11]

In 2014, Solium opened an office in Sydney, Australia. [2] Later that year, BHP Billiton became a client. [12]

In 2016, Morgan Stanley announced that it would use Shareworks to serve its U.S. clients. [1] [13] [14]

In 2017, UBS began to white-label Shareworks to run its Equity Plan Advisory Services. [1]

In 2017, Solium acquired Capshare and let it continue to run as an independent entity. [15] [16] [17]

in 2018, Solium acquired Advanced-HR, a U.S. company that provides compensation data and compensation planning software for private and venture backed companies. [18]

In 2019, Solium was acquired by Morgan Stanley at a price of CAD$19.15 per Common Share. The total transaction was valued at approximately CAD$1.1 billion (US$900 million). [19] [20]

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References

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  20. Inc, Solium Capital. "Solium Releases 2018 Fourth Quarter and Year-end Financial Results". www.newswire.ca. Retrieved 2020-01-23.{{cite web}}: |last= has generic name (help)