Solium

Solium
Public
Traded as TSX: SUM
Industry Software
Founded 1999
Headquarters Calgary, Canada
Area served
 Worldwide
Key people
 Marcos Lopez (CEO)
Products

Shareworks

  • Plan Administration
  • Expense Accounting
  • Participant Experience
  • Forms Filing
  • Global Compliance
  • Cap Table
  • Scenarios
  • Mobile App
  • 409A Valuations
Revenue Increase US$77.2 million (2016)
Website solium.com

Solium Capital, commonly referred to as Solium, is a publicly traded Software-as-a-Service (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]

History

Solium was founded 1999 by two Calgary-based financial advisers, John Kenny and Mark Van Hees.[5] In 2001, the company made its initial public offering (IPO)[6] 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.[7] 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.[8]

In 2013, Barclays Corporate and Employer Solutions announced a partnership with Solium to white-label Shareworks.[9]

In 2014, Solium opened an office in Sydney, Australia.[2] Later that year, BHP Billiton became a client.[10]

Also in 2016, Morgan Stanley announced that it would use Shareworks to serve its US clients.[1][11][12]

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.[13][14][15]

    References

    1. 1 2 3 "Yedlin: Meet Calgary's best kept tech secret". Calgary Herald. 2017-08-15. Retrieved 2018-01-12.
    2. 1 2 3 4 Elias, Craig (February 15, 2013). "Acquisitions accelerate Calgary tech firm's global growth". The Globe and Mail. Retrieved October 17, 2017.
    3. ↑ "2016 Solium Annual Report" (PDF). Solium. Retrieved October 18, 2017.
    4. ↑ "Solium Capital is a buy, says Canaccord Genuity". Cantech Letter. 2017-05-30. Retrieved 2018-02-02.
    5. ↑ "Solium Capital". The Calgary Herald. April 18, 2013. Retrieved October 17, 2017.
    6. ↑ "Initial Public Offering - Solium Capital Inc". Morningstar. October 17, 2017.
    7. ↑ Anderson, Darren (August 17, 2010). "Solium Capital announces acquisition of Computershare business unit". Techvibes. Retrieved October 17, 2017.
    8. ↑ "SVB Analytics, Inc., CapMx Business: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-10-18.
    9. ↑ Paterson, Jennifer (March 11, 2013). "Barclays C&ES launches global shares and reward services". Employee Benefits. Retrieved October 17, 2017.
    10. ↑ "A Canadian small cap stock with global ambitions". Retrieved 2018-01-12.
    11. ↑ "Solium Capital gets "outperform" rating as National Bank Financial launches coverage". Cantech Letter. 2017-09-15. Retrieved 2018-02-02.
    12. ↑ "Solium Capital is showing its technological edge, says Canaccord Genuity". Cantech Letter. 2018-05-23. Retrieved 2018-06-11.
    13. ↑ Constine, Josh. "Cap table apps team up as Solium acquires Capshare". TechCrunch. Retrieved 2017-10-16.
    14. ↑ "Calgary's Solium Announces Acquisition of Capshare". Techvibes. Retrieved 2017-10-24.
    15. ↑ "Solium Capital gets price target raise at Laurentian". Cantech Letter. 2017-10-11. Retrieved 2018-02-02.
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