PLEASANTON, Calif., Aug. 6, 2013 (GLOBE NEWSWIRE) -- Equity Administration Solutions, Inc. (EASi), the largest independent equity compensation software-as-a-service company, and Continental Stock Transfer & Trust, the nation's fourth largest transfer agent, today announced a partnership to better serve public and private companies in tracking, managing and reporting on stock compensation programs.
Continental leverages the EASi technology to help its emerging and growth company customers simplify the management of their share-based compensation programs and better serve their participants. The technology solution includes the administration and management of different equity plan types, including employee stock purchase plans (ESPPs), stock option plans, restricted stock awards and units, stock appreciation rights, and performance awards.
Partnering with EASi helps Continental further its goal of providing stock plan administration services tailored to clients' needs that are flexible, yield cost savings, relieve the administrative burden and offer unmatched quality and value. "Continental Stock Transfer & Trust Company is extremely pleased to announce its alliance with EASI, clearly the industry leader in stock plan administration software," said Steven Nelson, President and Chairman of Continental. "We believe that the EASi alliance allows us to offer a more robust array of services to our customers, and we feel confident that we will be able to leverage this arrangement for significant near and long-term growth at Continental."
"At EASi, we believe companies should have their choice of brokers and transfer agents. We understand how important these relationships are when it comes to a successful equity compensation program," said Michael Boese, Chief Executive Officer of EASi. "We are thrilled to add Continental to our industry-leading partner network, giving companies who use our software the choice of seamlessly working with one of the most respected transfer agents in North America."
Equity Administration Solutions, Inc. (EASi) is the largest independent stock plan software company in the world. EASi simplifies and streamlines complex equity compensation management, compliance, and analysis for both public and private companies. It offers an intuitive, time-saving solution based on accounting principles which ensures compliance with all financial-reporting and SEC rules and regulations. Combining robust Web-based technology with in-depth financial expertise, EASi provides both public and private companies with a flexible solution that allows them to work with their choice of broker.
Since its founding more than 10 years ago, EASi has focused exclusively on equity compensation management, offering clients insights to strategically manage their programs. EASi now serves more than 800 companies on five continents in more than 20 countries and continues to lead the industry with solutions in areas including ASC718 (FAS123R), IFRS2, and performance awards. For more information, visit www.easiadmin.com.
About Continental Stock Transfer & Trust Company:
Continental Stock Transfer & Trust is the 4th largest agent in North America, handling more than 1,100 public issues and aggregating more than 2.5 million shareholders. For nearly 50 years the Company has delivered to clients reliability, stability and premier service at an exceptional price. Continental offers a wide array of services, including issuance and transfer of shares, management of restricted and legal transfers, maintenance of stock ledgers and cost basis history, dividend disbursement and tax reporting as well as corporate action and escrow services. The Company has been ranked the #1 Transfer Agent in North America for each of the past 3 years. For the past 9 years running, industry-wide surveys have found Continental to be the lowest-priced major agent in the United States, delivering an unmatched value to its customers. Learn more at www.continentalstock.com.
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