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| Company type | Public |
|---|---|
| TSX: SUM | |
| Industry | Software |
| Founded | 1999 |
| Headquarters | Calgary , Canada |
Area served | Worldwide |
Key people | Marcos Lopez (CEO) |
| Products | Shareworks
|
| Revenue |  US$77.2 million (2016) |
| Website | solium |
Solium
editSolium Capital, commonly referred to as Solium, is a publicly traded Software-as-a-Service (SaaS) company headquartered in Calgary, Alberta, Canada. It is best known for Shareworks, enterprise software used by public and private companies to manage their equity-based compensation plans. It also offers 409a valuation services to early-stage private companies through Solium Analytics. The company has more than 3,000 corporate clients worldwide[1] and operates from 11 offices in Canada, the United States, the UK, Europe and Australia.[2]
History
editSolium was founded 1999 by two Calgary-based financial advisers, John Kenny and Mark Van Hees.[3] In 2001, the company made its initial public offering (IPO)[4] on the TSX Venture Exchange. Solium found early success with large companies in the energy sector, including TransAlta, Encana Corp., and Shell Canada Ltd.[1] In 2004, Solium became profitable.
In 2010, Solium entered the US market by acquiring Computershare Ltd.'s Transcentive business[5] The deal also saw Solium acquire the Express Options software platform, which UBS white-labeled.
In 2011, Solium opened an office in London, UK.[1]
In 2012, Solium acquired the CapMx business from Silicon Valley Bank. [6]It also acquired OptionEase that same year.[7]
In 2013, Barclays Corporate and Employer Solutions announced a partnership with Solium to white-label Shareworks.[8]
In 2014, Solium opened an office in Sydney, Australia.[1] Later that year, BHP Billiton became a client.[9] Also in 2014, Solium acquired GlobalSharePlans.[10]
In 2015, Solium entered into a strategic partnership with TD Ameritrade.[11]
In 2016, the company opened an operation center in Barcelona, Spain.[12]
Also in 2016, Morgan Stanley announced that it would use Shareworks to serve its clients that are U.S.-listed corporations and corporations that exist under U.S. laws or have headquarters in the U.S.[13]
In 2017, UBS enhanced its strategic partnership with Solium, when it white-labeled Shareworks to run its Equity Plan Advisory Services.[14]
In 2017, Solium acquired Capshare and let it continue to run as an independent entity.[15] [16]Later that same year, Solium launched Solium Analytics, providing 409A valuation services to private companies.[17]
Acquisitions
editSince its inception, Solium has acquired the following companies:
- Allecon Stock Associates (2007)
- Stormworks Ltd.[18]
- Bitonic Solutions[3]
- Computershare Ltd.'s Transcentive business (2010)[5]
- Silicon Valley Bank's (SVB) CapMx business (2012)[6]
- OptionEase Inc. (2012) [1][7]
- CorporateFocus (2013)[1]
- GlobalSharePlans (2014)
- Capshare (2017)[15]
Reference
edit- ^ a b c d e f 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.
- ^ a b "Solium Capital". The Calgary Herald. April 18, 2013. Retrieved October 17, 2017.
- ^ "Initial Public Offering - Solium Capital Inc". Morningstar. October 17, 2017.
- ^ a b Anderson, Darren (August 17, 2010). "Solium Capital announces acquisition of Computershare business unit". Techvibes. Retrieved October 17, 2017.
- ^ a b "SVB Analytics, Inc., CapMx Business: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-10-18.
- ^ a b "Solium Capital Inc. Announces Acquisition of OptionEase Inc". www.newswire.ca. Retrieved 2017-12-14.
- ^ Paterson, Jennifer (March 11, 2013). "Barclays C&ES launches global shares and reward services". Employee Benefits. Retrieved October 17, 2017.
- ^ "Solium Announces New Client Contract with BHP Billiton". www.newswire.ca. Retrieved 2017-12-18.
- ^ "Solium Releases 2014 Second Quarter Financial Results". www.newswire.ca. Retrieved 2017-10-24.
- ^ "TD Ameritrade (AMTD) Enters Partnership with SaaS Provider, Solium Capital". StreetInsider.com. Retrieved 2017-10-24.
- ^ "Solium Announces the Opening of a Client Service Centre in Barcelona". Cision. October 19, 2016. Retrieved October 17, 2017.
- ^ "Solium and Morgan Stanley Global Stock Plan Services to Partner". Cision. November 17, 2016.
- ^ "Solium and UBS to enhance strategic partnership". www.newswire.ca. Retrieved 2017-10-24.
- ^ a b 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 Announces the Launch of Solium Analytics". www.newswire.ca. Retrieved 2017-12-07.
- ^ "Solium moves to buy Stormworks Ltd". Business Edge News Magazine. August 1, 2002. Retrieved October 17, 2017.