Solium Acquires Private Company Analytics Technology from VC Experts
CALGARY, Jan. 7, 2013 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the
leading global provider of cloud-enabled software and services for equity
administration, financial reporting and compliance, announced today that it
has acquired intellectual property associated with the Private Company
Analysis Tool ("PCAT") from VC Experts Inc. ("VC Experts"), a leading provider
of analytics for managing and modeling private company capital structures.
"The innovative financial modeling tools and comprehensive cap table
technology of the Private Company Analytics Tool perfectly complement the
capabilities added through our recent acquisitions of CapMx, OptionEase and
Corporate Focus, all of which provide solutions to private and emerging growth
companies and the law firms that serve them," said Mike Broadfoot, CEO and
Managing Director of Solium. "With this acquisition, Solium now has private
company solutions for all parties -- executives, HR administrators, attorneys,
paralegals, accountants and investors."
The PCAT enables venture capital, private equity and angel investors to model
financing and exit events with confidence. Solium's clients, especially
private companies and law firms that serve them, will benefit from this
sophisticated tool that enables them to model next rounds of financing, handle
complex scenarios related to liquidity events and calculate shareholder
payouts. The PCAT will also serve the investor community, as it assists
investors to meet their ASC 820 requirements.
"VC Experts is thrilled to enable Solium to provide its clients with a robust
tool for equity management, pro-forma modeling and valuation solutions," said
VC Experts co-founder, Ross Barrett. "The PCAT can serve a company for its
entire life cycle, from the earliest stages of capitalization, to an eventual
exit via merger, acquisition, IPO or recapitalization."
Solium and VC Experts will work together for 12-months to ensure an efficient
transition. Concurrent with the sale of PCAT, VC Experts intends to
concentrate its business on hard-to-secure, private financing data and content.
Solium (TSX: SUM) provides cloud-enabled services for global equity
administration, financial reporting and compliance. From our operation centers
in the United States, Canada, the United Kingdom and Australia, our innovative
SaaS technology powers share plan administration and equity transactions for
more than 3,200 clients with employees in more than 150 countries. Follow us
@Solium and visit us at solium.com
About VC Experts Inc.
VC Experts provides specialized content on private equity and venture capital
fundraising, valuation and deal-term details on thousands of privately funded
companies, and analytics for managing and modeling private company capital
structures. Thousands of investment professionals, attorneys, accountants,
consultants and entrepreneurs from around the world rely upon VC Experts daily
to provide them with a one-stop competitive research solution. Visit them
online at vcexperts.com.
Mike Broadfoot CEO and Managing Director Solium firstname.lastname@example.org
Aaron Kabucis, CFA TMX | Equicom 416.815.0700 x 230 email@example.com
Scott Valentine Vice President Solium 403.472.5446 firstname.lastname@example.org
SOURCE: Solium Capital Inc.
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-0- Jan/07/2013 13:01 GMT
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