SOURCE: Equity Administration Solutions, Inc.

Equity Administration Solutions, Inc.

September 23, 2014 09:00 ET

Equity Administration Solutions Acquires Rivet Software

New Landscape for Financial Compliance Solutions

PLEASANTON, CA--(Marketwired - September 23, 2014) - Equity Administration Solutions, Inc. (EASi) today announced that it has signed an agreement to acquire Rivet Software, a leading provider of financial filing and reporting systems that improve the way companies create, distribute and consume financial information. Rivet's technology enables financial transparency and leverages global standards in XBRL. More than 300 leading public companies including 3D Systems, Crocs, Endeavor Corp, QR Energy, Sussex Bank, WD-40, as well as the leading global financial printers, utilize Rivet Software for their mission critical filings with the U.S. Securities and Exchange Commission.

EASi was founded in 2002 and has achieved success due to its market-leading stock administration and FAS123R/ASC718 and SEC compliance reporting solutions as well as its open ecosystem which allows clients to work with their choice of broker. EASi serves more than 900 companies including blue chip clients such as Airbnb, Belden, Con-way, GitHub, Globalstar, LivingSocial, Pier 1 Imports, TriNet, United Stationers, and Workday.

Both companies were honored in 2011 and 2012 as Inc. 500 fastest growing private companies in the U.S.

"This combination represents a shift in the marketplace for financial compliance technologies," according to Michael Boese, EASi CEO. "The CFO organization needs solutions that provide transparency and efficiency in compliance activities and reliable, real-time controls. Together, EASi and Rivet are uniquely positioned to address these needs and deliver the best solutions in financial compliance using our combined technologies, expertise, and partner friendly business model."

"We are very excited about the benefits our customers will receive from this union," said Madelaine Rohan, Rivet Software CEO. "Our clients will not only continue to receive excellence in technology, services and support from the same industry leading team, but they will also gain from an expanded solution footprint and additional financial strength and investment."

Contact Information