Solium Announces Release of Shareworks™ 4.0, – advanced proprietary application
Calgary, Alberta, (October 2009) – Solium Capital Inc. (TSX: SUM) is pleased to announce the launch of Shareworks version 4.0, one of the most anticipated and exciting software releases from Solium Capital to date. The release includes new features for Stock Option and Award plan participants and administrators, including:
- A complete redesign of the online exercise process, introducing the industries
most user friendly and comprehensive online exercise functionality
- Increased functionality now supporting over 20 different exercise types, including net-withheld stock settled SAR’s
- Real time display and updates of the results of a plan participant’s exercise (including proceeds, fees and taxes)
- Complete customization abilities for issuers for the naming, description and
availability of exercise capabilities by plan, award type, and employee type –
increasing your ability to run global plans and fulfill regulatory requirements.
- Multiple grant exercises from a single transaction, configurable based on how the
issuer expects their plan to operate
Solium is one of the first companies in North America to offer this capability to users with true real-time integration with several executing brokers. This release continues to reiterate the advanced level of stock plan administration technology Solium Capital is able to offer.
“Shareworks 4.0 marks a significant milestone in the continuing evolution of the capabilities of Solium’s software. Being solely focused on being the preeminent stock plan administrator that offer true real-time administration and execution capabilities gives Solium the advantage of being able to concentrate all R&D efforts towards leading the industry in employee incentive plan software. SW4.0 is a testament to our success in being able to do so.” – stated Marcos Lopez,
EVP, Corporate Strategy and Business Development.
About Solium Capital
Solium Capital Inc. (TSX: SUM) is a leading global provider of web-based stock plan administration technology and services. Solium’s integrated solutions enable corporations to automate and manage all stock option and stock purchase
plan types, including comprehensive regulatory and financial reporting. Founded in 1999, Solium has since been a disruptive force in the industry, thanks to its proprietary technology Shareworks™ and its innovative approach to simplifying stock plan administration. www.solium.com