Solium Capital, now known as Shareworks by

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

, is a Software-as-a-Service (

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

) company headquartered in

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. It is best known for Shareworks, software used by public and private companies to manage their

employee stock option Employee stock options (ESO) is a label that refers to compensation contracts between an employer and an employee that carries some characteristics of financial options. Employee stock options are commonly viewed as an internal agreement prov ...

s and/or cap tables. It also does 409A valuations (see

Internal Revenue Code section 409A Section 409A of the United States Internal Revenue Code regulates nonqualified deferred compensation paid by a "service recipient" to a "service provider" by generally imposing a 20% excise tax when certain design or operational rules contained ...

). The company has ~3,000 clients and has offices in

, the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, the UK,

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

and

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

announced a definitive agreement to acquire Solium in February 2019 for approximately CAD$1.1 billion (US$900 million), a 40% premium over the recent trading price.

History

Solium was founded 1999 by two Calgary-based financial advisers, John Kenny and Mark Van Hees. In 2001, the company made its initial public offering (IPO) on the TSX Venture Exchange. Early clients included TransAlta, Encana Corp., and Shell Canada Ltd. In 2004, Solium became profitable. In 2010, Solium acquired Computershare's Transcentive business. In this transaction, Solium acquired the Express Options software platform, which

UBS UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...

white-labeled. In 2011, Solium opened an office in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, UK. In 2012, Solium acquired the CapMx business from Silicon Valley Bank. In 2013,

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

Corporate and Employer Solutions announced a partnership with Solium to

white-label A white label record is a vinyl record with white labels attached. There are several variations each with a different purpose. Variations include test pressings, white label promos, and plain white labels. Test pressings Test pressings, usua ...

Shareworks. In 2014, Solium opened an office in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

. Later that year, BHP Billiton became a client. In 2016,

announced that it would use Shareworks to serve its U.S. clients. In 2017, UBS began to

Shareworks to run its Equity Plan Advisory Services. In 2017, Solium acquired Capshare and let it continue to run as an independent entity. in 2018, Solium acquired Advanced-HR, a U.S. company that provides compensation data and compensation planning software for private and venture backed companies. In 2019, Solium was acquired by

at a price of CAD$19.15 per Common Share. The total transaction was valued at approximately CAD$1.1 billion (US$900 million). #

References

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External links

Official website
Companies based in Calgary Software companies of Canada Software companies established in 1999 Canadian companies established in 1999