Software company in Canada
Solium
Company type
Private
TSX : SUM - Former Symbol Industry
Financial services ,
Software Founded 1999; 25 years ago (1999 ) Fate Acquired by
Morgan Stanley Headquarters , Area served
Worldwide Key people
Marcos Lopez (CEO) Products Shareworks
Equity Administration
Financial Reporting
Participant Experience
Forms Filing
Global Intelligence
Cap Table
Scenarios
Mobile App
409A Valuations
Revenue 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]
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]
References
^
a
b
c
"Yedlin: Meet Calgary's best kept tech secret" . Calgary Herald . 2017-08-15. Retrieved 2018-01-12 .
^
a
b
c
d Elias, Craig (February 15, 2013).
"Acquisitions accelerate Calgary tech firm's global growth" . The Globe and Mail . Retrieved October 17, 2017 .
^
"2016 Solium Annual Report" (PDF) . Solium . Retrieved October 18, 2017 .
^
"Solium Capital is a buy, says Canaccord Genuity" .
Cantech Letter . 2017-05-30. Retrieved 2018-02-02 .
^ The Canadian Press,
"Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion" (Can$) , Calgary Herald, February 11, 2019. Retrieved 2019-02-11.
^ Hoffman, Liz,
"Morgan Stanley, in Biggest Deal Since Crisis, Courts Future Millionaires" (subscription required) , Wall Street Journal, February 11, 2019. Retrieved 2019-02-11.
^
"Solium Capital" . The Calgary Herald . April 18, 2013. Retrieved October 17, 2017 .
^
"Initial Public Offering - Solium Capital Inc. - Prospectus" . Morningstar . April 30, 2001.
^ Anderson, Darren (August 17, 2010).
"Solium Capital announces acquisition of Computershare business unit" . Techvibes . Retrieved October 17, 2017 .
^
"SVB Analytics, Inc., CapMx Business: Private Company Information - Bloomberg" . www.bloomberg.com . Retrieved 2017-10-18 .
^ Paterson, Jennifer (March 11, 2013).
"Barclays C&ES launches global shares and reward services" . Employee Benefits . Retrieved October 17, 2017 .
^
"A Canadian small cap stock with global ambitions" . Retrieved 2018-01-12 .
^
"Solium Capital gets "outperform" rating as National Bank Financial launches coverage" .
Cantech Letter . 2017-09-15. Retrieved 2018-02-02 .
^
"Solium Capital is showing its technological edge, says Canaccord Genuity" .
Cantech Letter . 2018-05-23. Retrieved 2018-06-11 .
^ Constine, Josh.
"Cap table apps team up as Solium acquires Capshare" . TechCrunch . Retrieved 2017-10-16 .
^
"Calgary's Solium Announces Acquisition of Capshare" . Techvibes . Retrieved 2017-10-24 .
^
"Solium Capital gets price target raise at Laurentian" .
Cantech Letter . 2017-10-11. Retrieved 2018-02-02 .
^ GmbH, finanzen net.
"Solium Announces Acquisition of San Francisco-Based Technology Company, Advanced-HR | Markets Insider" . markets.businessinsider.com . Retrieved 2020-01-23 .
^
"Morgan Stanley to Acquire Solium, Creating a Leading Provider of Stock Plan Administration and Workplace Wealth Solutions" . Morgan Stanley . Retrieved 2019-08-27 .
^ Inc, Solium Capital.
"Solium Releases 2018 Fourth Quarter and Year-end Financial Results" . www.newswire.ca . Retrieved 2020-01-23 .
External links