ingage, a new investor relations company, launched today promising to put control of corporate access back into the hands of investors and corporates.
Founded by Michael Hufton, a former stockpicker and fund manager with over eighteen years experience, ingage has been created in response to the pressing need for clarity and transparency in the engagement between investors and listed companies. Established with FCA input, Michael is backed by a team of expert investment and software industry professionals.
"ingage will revolutionise corporate access by facilitating a fair and efficient exchange of information between investors and the companies they want to meet. The ingage online marketplace removes all barriers to access and offers a low cost system where investors can request meetings with companies directly. Companies control meeting allocation and can thoroughly research the investors, making sure they see those who are most relevant to their business and not the ones that pay the most.
"Paying for corporate access using client commissions is a practice that the FCA is determined to eradicate; our low cost platform brings efficiency and transparency to the corporate access market and provides new tools to investors, company management and investor relations officers. This makes a clean break from the opaque practices of the past." said Michael Hufton, Managing Director of ingage.
ingage employs a user based subscription model giving equal representation to subscribers. By using the ingage cloud-hosted IT platform, investors manage the complete universe of company roadshows, one on one meeting requests, profile information and feedback, all in one place. Every investor sees the company meetings available and companies select the investors they most want to meet. The ability to host webcasts directly on the platform allows companies to reach an even wider audience.
ingage is currently in the testing phase with launch clients Fidelity on the institutional side, and National Grid and Tullow Oil on the corporate side.