CALGARY – October 8, 2012 – Solium Capital Inc. (“Solium”) (SUM.TO), the leading global provider of cloud-enabled software and services for equity administration, financial reporting and compliance, announced today that it will acquire OptionEase Inc. (“OptionEase”), the leading provider of applications for fair-market-value accounting and compliance in the United States.
Founded in 2006, OptionEase was an early adopter of the NetQuarry platform. Using the NetQuarry platform, OptionEase supports over 700 clients on its multi-tenanted, SaaS offering. OptionEase has maintained a 96% client retention rate and a 130% average annual growth rate. Headed by Kim Kovacs and venture backed by the GADS Option Fund, Miramar Venture Partners, Pasadena Angels, and Tech Coast Angels, OptionEase was a winner in both the 2011 and 2012 Inc 500|5000 awards which honors America’s fastest growing companies.
Financial terms of the acquisition were not disclosed. The transaction is expected to close in November 2012 subject to customary closing conditions.
About Solium Capital Inc.
Solium (SUM.TO) provides cloud-enabled services for global equity administration, financial reporting and compliance. From our operation centers in the United States , Canada , the UK and Australia , our innovative SaaS technology powers share plan administration and equity transactions for more than 2,800 clients with employees in 80 countries. Follow us @Solium and visit us online at solium.com.
About OptionEase Inc.
OptionEase is the leader in SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company’s first product was designed specifically for audit compliance and has since grown into a full range of end-to-end equity management tools. The company is headquartered in Mission Viejo, California.
About NetQuarry Inc.
NetQuarry develops and licenses the NetQuarry Enterprise Application Platform. The NetQuarry platform helps professional software development teams develop significantly better enterprise and hosted applications.