Press Release: ICM Corporate Plan Services LLC is acquiring Mission Mpower Inc. - 29 Jul 2010
FOR IMMEDIATE RELEASE:
New York, NY, July 30, 2010
ICM Corporate Plan Services LLC is acquiring Mission Mpower
Inc.
The acquisition of Mission Mpower by ICM Corporate Plan
Services brings together two firms, each with a long history of
expertise in equity plan
services, to serve a rapidly changing marketplace.
The combined organization will specialize in assisting
corporations with customized stock plan services ‐‐ from administration to software to brokerage services.
The combination of ICM Corporate Plan Services and Mission
Mpower will afford clients an array of services, all under one roof. Together,
they will service three distinct markets; corporate & private equity plans,
brokerage services, and equity service providers.
The acquisition of Mission Mpower, with its state‐of‐the art
software platforms, “Equity Central” and
“Wealth Central,” will provide ICM Corporate
Plan Services clients with equity
compensation administration, transaction services, employee communications,
consulting, and financial reporting.
“ICM is now in the position to offer everything a corporation
needs to effectively manage their equity
compensation plans, from software, to recordkeeping, to brokerage, to
participant services, to project
management,” said Paul Buchbaum, President, and CEO of ICM Corporate
Plan Services.
“The old business models don’t work in the new
economy," said Arnold Kingsberg, COO for Mission Mpower and the newly named EVP and Chief Operating Officer
for ICM Corporate Plan Services. “Only
those companies that can offer cutting‐edge, customized solutions will
be able to make the transition
this market demands. By combining the companies now, we are uniquely
positioned to take advantage of
the current market opportunities.”
ICM Corporate Plan Services will continue to use an “Open
Architecture” approach to software, services, and brokerage. This will allow their clients to choose
services that match their needs and goals.
“For the first time,” Kingsberg stated, “clients can match
world‐class solutions without having to buy features they don’t want.”
About ICM
Corporate Plan Services LLC.
ICM
Corporate Plan Services LLC
provides stock plan software and services to public and private
corporate issuers, brokers, and third party administrators.
Contact: Paul Buchbaum, President, and CEO, ICM Corporate
Plan Services LLC. at 646.833.4920
© 2010 ICM Corporate Plan Services LLC.
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