CALGARY, March 28, 2017 – Solium Capital Inc. (“Solium” or the “Company”) (TSX: SUM), the leading global provider of software-as-a-service for equity administration, financial reporting and compliance, today announced that it has entered into a preferred partnership with Nasdaq Private Market, LLC (NPM). Under the terms of the related agreements, Solium will enable NPM customers to manage their cap tables and share plans through Solium’s industry-leading Shareworks platform, as well as access Nasdaq Private Market’s secondary liquidity technology.

“With the proliferation of companies choosing to remain private longer, private company investors and employees are increasingly seeking a mechanism that enables them to have liquidity events,” said Marcos Lopez, Solium CEO. “Nasdaq Private Market is the thought leader when it comes to helping private companies execute liquidity-related functions. This partnership will provide our private market customers with access to both NPM’s secondary liquidity technology as well as an opportunity to explore the potential of Nasdaq’s blockchain technology, enhancing our value proposition. These powerful tools will serve to complement Solium’s existing equity administration offerings and enable us to deliver an enhanced solution, better serving our customers.”

Nasdaq Private Market customers currently using ExactEquity will have an opportunity to migrate their cap tables and share plans seamlessly onto the Shareworks platform. In addition, Nasdaq Private Market and Solium will work very closely together to ensure that their respective customers and prospects are given an opportunity to enjoy the unique benefits offered through the partnership and to realize the value of combining two leading service providers of cap table, share plan administration and liquidity technology.

Nasdaq and Solium continue to be innovative leaders in the fintech space. With this new partnership, both NPM and Solium expect to unlock future opportunities to better serve private market customers requiring access to cap table/share plan administration, liquidity technology, and blockchain technology.

 

About Nasdaq Private Market:

The Nasdaq Private Market, LLC (NPM) is a leading provider of liquidity solutions for private companies.  Our mission is to make liquidity more accessible and efficient for today’s private companies through innovative technology solutions.  NPM’s flexible, end-to-end technology helps employees, investors, companies, funds and institutions build seamless transactions, whether for private companies, private investment funds, or other private asset classes.  Whether a company seeks to optimize an eventual IPO or remain private permanently, NPM provides capital market support to meet its needs.  In addition, NPM offers technology to address the challenges of liquidity in alternative investments funds, including private equity feeder funds and funds registered under the Investment Company Act of 1940. 

 

The Nasdaq Private Market, LLC is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner, and does not offer legal, financial, investment, or tax advice to any user of the Nasdaq Private Market website. To learn more, visit www.nasdaqprivatemarket.com.

 

About Solium Capital Inc.

Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Europe and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries. Follow us @Solium and visit us at solium.com.

SOURCE: Solium Capital Inc.

For further information
Investor relations
Conrad Seguin
NATIONAL | Equicom
416.586.1951
cseguin@national.ca