Quick Take
Morgan Stanley (MS) announced it has agreed to acquire Solium Capital (SIUMF) for $900 million.
Solium Capital provides web-based stock plan administration services.
With the deal, MS will access younger demographics as it builds a one-stop wealth advisory offering for every client’s life stage.
Target Company & Market
Calgary, Canada-based Solium Capital was founded in 1999 to develop and provide Software-as-a-Service solutions for equity administration, financial reporting, and compliance.
Management is headed by CEO Marcos Lopez, who has been with the firm since 2003 and was previously Advisor