SOURCE: Equity Administration Solutions, Inc.

Equity Administration Solutions, Inc.

July 15, 2014 10:00 ET

Equity Administration Solutions Acquires Option Admin

Expands EASi's Private Company Capabilities

PLEASANTON, CA--(Marketwired - July 15, 2014) - Equity Administration Solutions, Inc. (EASi), the largest independent equity compensation software-as-a-service company in the world, and San Mateo-based Option Admin, Inc., a software and service firm specializing in equity compensation and accounting for private companies, today announced that they have completed a definitive agreement under which EASi has acquired Option Admin.

EASi's acquisition of Option Admin furthers it mission to provide best-of-breed stock plan administration and reporting solutions and services to its more than 900 customers. Specifically, the acquisition expands EASi's outsourcing and consulting capabilities for private companies and provides new technologies for improved participant engagement, private tender offer administration services, and 10b5-1 plan management. Option Admin service personnel and leadership have a track record of success working with leading companies such as Airbnb, TriNet, and GitHub and will be part of EASi's Services organization.

"Option Admin accelerates our continuing efforts to innovate and drive customer success with both better technology and value added services," said EASi CEO Michael Boese. "EASi and Option Admin also share the belief that stock plan administration solutions should provide expansive broker choice and provide customers with an optimized, comprehensive solution."

About EASi

Since 2002, Equity Administration Solutions, Inc. (EASi) has been making it easier for companies to compensate top talent with share-based awards. EASi's user friendly, web-based technology streamlines plan management, financial reporting, and analysis so that clients can focus on driving strategic value from their equity compensation programs. With technology based on in-depth accounting expertise and a flexible broker of choice model, EASi has helped over 900 companies worldwide innovate their equity management processes. For more information, visit www.easiadmin.com.

About Option Admin

Option Admin, Inc. provides a complete state-of-the-art software and service solution for corporate equity management. Option Admin, Inc. provides specialized equity administration and accounting solutions through software and services with a focus on stock based compensation, corporate equity transactions and stock ledger administration.

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