Solium Capital announces acquisition of Computershare business unit

Solium CapitalSolium Capital announced today that it is acquiring the North American employee stock option and Transcentive businesses unit from Australia-based Computershare. The all share deal is valued at approximately US$11.7 Million, and is expected to close in the fourth quarter of 2010.

Solium Capital (TSX:SUM) is a leading global provider of web-based stock plan administration technology and services. The company’s Chief Executive Officer and Managing Director, Jeff English, had
 this to say about the deal:

“With over 900 corporate clients in the United States, the acquisition significantly increases Solium’s footprint in the U.S.,an important objective in the Company’s overall strategy” 

Solium noted that based on the financial records of Computershare for the 12 month period ended June 30, 2010, the acquired business generated annual revenues of approximately U.S. $20 million and operating income of approximately U.S.$2 million.