Solium Announces Acquisition of San Francisco-based Technology Company, Advanced-HR
CALGARY, February 21, 2018 – Solium Capital Inc. (“Solium” or the “Company”) (TSX: SUM), the leading global provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance, today announced that it has acquired Advanced-HR, the leading provider of compensation data and compensation planning software for private and venture backed companies.
Based in San Francisco, Advanced-HR is the trusted source for compensation data in the venture capital and private company ecosystem. Through its products, OptionDriver and OptionImpact, the company has unparalleled expertise with startup compensation data and services. Over 2,500 startups and 120 top venture capital firms use Advanced-HR for compensation and equity benchmarking and planning.
“Since founding the company in 1997, we have pioneered a number of firsts in our industry,” said Dee DiPietro, Advanced-HR’s Founder and Chief Executive Officer. “We brought transparency and automation to an industry that has a complex approach to compensation in that equity plays a significant role. As Advanced-HR continues to scale, it made perfect sense to join forces with a financial technology leader in equity management.”
Together, Solium and Advanced-HR give an unprecedented source of data combined with the best applications and services for planning, managing and engaging employees with their equity based compensation.
“Not only is Advanced-HR the de facto leader in compensation data, they show companies and their VC partners how to put the data to work to make informed decisions in building their teams,” said Marcos Lopez, Solium’s Chief Executive Officer. “Talent is the number one resource in a startup. Having the data and planning tools to effectively compensate and retain talent is mission critical for a high-growth startup. With this acquisition, our private market clients will now be able to use Advanced-HR’s equity data and benchmarks to guide them in compensating their employees.”
The Advanced-HR team will join Solium’s San Francisco office.
About Solium Capital Inc.
Solium 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 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 www.shareworks.com.
Investor Relations Contact:
Heidi Christensen Brown
Kelsey Cullen, KCPR