Option Admin Deploys Stock Repurchase (Tender Offer) Solution for TriNet Group, Inc.
SAN MATEO, Calif., Feb. 11, 2013 /PRNewswire/ -- Option Admin, Inc. (OAI), a provider of state-of-the-art software and service solutions for corporate equity management today announced the successful deployment of its tender offer module utilized by the TriNet Group, Inc. (TriNet) to process its first common stock repurchase program.
OAI's tender offer module allows TriNet to automate its stock repurchase program. The successful completion of TriNet's first repurchase occurred in December 2012. Deployment of the OAI tender offer module provides TriNet with a centralized platform to execute the repurchase transactions and archive all the related documentation and reporting requirements.
Product Key Features:
- Ability to automate all repurchase documents and workflow
- Individual shareholder access to a centralized and unique OAI account with all terms and conditions of the share buyback program
- Customized reporting and integration with existing stock ledger systems
- Escrow services
- Streamlined low cost services
- Tax reporting
"I'm pleased with the successful implementation of TriNet's recurring tender offer module. Our tender offer module provides a unique full service solution which incorporates systems and support and will allow TriNet to streamline any tender offer that it may decide to conduct in the future."
Benjamin Portusach, CEO at Option Admin.
"Option Admin made it possible for TriNet to embark on and customize our stock buyback program to meet the needs of our company, its investors and culture. The entire team is knowledgeable, helpful, and seems to work 24/7. Option Admin's customer service is top notch, and its systems and security are excellent. We experienced a fast and positive ROI with this program."
Gregory Hammond, Chief Legal at TriNet.
About Option Admin, Inc.
Option Admin, Inc. provides a complete state-of-the-art software and service solution for corporate equity management. We are a software development and service firm focused on Equity Administration & Accounting. Our group focuses on Stock Based Compensation and Equity Transactions such as Tender Offers, Exchanges and Stock Repurchases. For more information please visit http://www.optionadmin.com
TriNet is the cloud-based HR partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet's solutions help contain costs, minimize employer-related risks, and relieve administrative burden to keep an entrepreneur's focus on their core business functions. From employee benefits service and payroll processing to high-level human capital consulting, TriNet's professional employer organization (PEO) expertise is integrated with every facet of a client's business. TriNet specializes in serving fast-moving companies in fields such as technology and financial services, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com.
SOURCE Option Admin, Inc.