Computershare acquires Transcentive
20 February 2004 | 2889 views | 0
Transcentive, Inc., the leading provider of technology and services for stock plan management and financial reporting, announced today that it has been acquired by Computershare Limited, an Australian financial services and technology provider.
"Our vision has been to offer flexible, yet comprehensive global equity compensation plan services tailored to the unique needs of each customer," said Les Trachtman, President and CEO of Transcentive. "Given Computershare's reach and presence in markets around the world, this propels us further toward our vision, and opens up a huge new global market for our services," he said.
"This purchase is highly complementary to the Computershare group globally, our technology suite, and our employee share plan management business," said Computershare's Chief Executive Officer, Chris Morris. "As a global service provider with expertise in employee incentive compensation plan management, Transcentive fits well into Computershare's integrated service offering and global vision. Along with their mutually beneficial third party relationships, we are poised to cross-sell and up-sell technologies and services to existing Computershare and Transcentive clients, both in the US and internationally," he said.
With 25 years experience, Transcentive offers solutions delivered through "rightsourcing," an approach that combines innovative technology and services ranging from client self-administration to complete plan outsourcing. Virtually every major financial institution, numerous leading law and venture capital firms, along with nearly 3,000 public and private companies rely on Transcentive solutions. In addition to partnerships with top brokerages, Transcentive has strong alliances with legal, tax, and consulting firms to offer expert guidance on financial reporting, communication, and compliance issues. Through the company's World Records group, Transcentive also supports the needs of corporate secretaries, tax officers, compliance officers, and human resources personnel.
"Since its founding over two decades ago, Transcentive has demonstrated product leadership and innovation, and amassed significant commercial experience," said Steven Rothbloom, President and CEO of Computershare North America. "Transcentive and Computershare are a near-perfect match, combining technology expertise with the capacity to provide solutions in equity compensation management globally."
Founded in 1979 as Corporate Management Solutions (CMS), Transcentive has approximately 140 employees. The purchase of this highly-experienced provider enables Computershare to further solidify its position in the fast-growing market of employee share and option plan management services.