Solium Capital Announces the Launch of Shareworks DIRECT, a New In-House Stock Plan Administration Solution for U.S. Corporations - 8 April 2010

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press release




April 7, 2010, 4:00 p.m. EDT
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Solium Capital Announces the Launch of Shareworks DIRECT, a New
Stock
Plan Administration Solution for U.S. Corporations






 



CALGARY, ALBERTA, Apr 07, 2010 (MARKETWIRE via COMTEX) --
Solium Capital
/quotes/comstock/11t!sum
(CA:SUM
1.11,
-0.05,
-4.31%)
is pleased to announce the release of
Shareworks DIRECT, a new, in-house alternative for administering
corporate stock incentive plans.



Designed to allow companies to maintain direct internal control and
ownership of their plan's administration, Shareworks DIRECT offers
full access to online participant execution, day-to-day recordkeeping
capacities, a comprehensive suite of reporting tools and all the
advantages of Shareworks' advanced technology without having to
outsource plan maintenance.



"Solium has always had a deep commitment to innovation and evolving
solutions that meet the market's changing needs. Many companies today
have long invested in internal and experienced administration teams
to steward and manage their equity plans. Shareworks DIRECT now gives
them a set of unmatched technology tools to simplify and empower
their ongoing administration requirements."



- Jeff English, CEO of Solium Capital



Solium's full-service stock plan administration solution, now
referred to as Shareworks PREMIER, has been one of the most advanced
software solutions available for stock plan administration for over a
decade and boasts global capabilities, easy-to-run financial
expensing reports, a user-friendly participant experience, tools for
accurate recordkeeping and sophisticated IFRS functionality and
compliance features - including a GAAP-to-IFRS transition tool. With
the introduction of Shareworks DIRECT, companies can still access
Solium's advanced software capabilities, but now as an in-house stock
plan administration solution with additional features.



Shareworks DIRECT's features offer an extensive list of benefits for
a variety user groups, including:



Finance


--  The most advanced on-demand financial disclosure and reporting
capabilities, delivered in real time (including expensing, proxy and
quarterly reports, as well as financial statements)
-- Reduced compliance risk through a comprehensive set of automation tools
-- Robust security, privacy and a complete audit trail to safeguard against
inaccuracies






Plan Administration, Human Resources and Payroll


--  The ability to manage all plans with one single application, login and
database
-- Integrated recordkeeping, trade execution and reporting
-- Full automation setup for plan rules and blackouts
-- Simple plan implementation and/or migration and easy addition of new
grants






Employee Participants


--  Online withdrawals, exercises and transactions in real time with real-
time stock quotes
-- Inter-plan transfers online
-- Self-serve online statements and account history
-- Automated alerts on vesting periods, expiry of options and blackouts






More information on Shareworks DIRECT is available at
www.solium.com/shareworksdirect.



About Solium Capital



Solium Capital Inc.
/quotes/comstock/11t!sum
(CA:SUM
1.11,
-0.05,
-4.31%)
is a leading global provider of
web-based stock plan administration technology and services. Solium's
integrated solutions enable corporations to automate and manage all
stock option and stock purchase plan types, including comprehensive
regulatory and financial reporting. Founded in 1999, Solium has since
been a disruptive force in the industry, thanks to its proprietary
technology Shareworks(TM) and its innovative approach to simplifying
stock plan administration.



www.solium.com


Contacts:
Solium Capital Inc.
Jeff English
President & CEO
(403) 450-6002 or (403) 515-3919

Solium Capital Inc.
Lynn Leong
EVP, Finance & Administration
(403) 450-6015 or (403) 515-3919
investorrelations@solium.com
www.solium.com






SOURCE: Solium Capital Inc.


mailto:investorrelations@solium.com
http://www.solium.com


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