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.
SOURCE: Solium Capital Inc.
CEO and Managing Director
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230