JERSEY CITY, New Jersey, October 25, 2016 /PRNewswire/ --
Global Shares - a leading provider of stock plan administration record keeping services, software-as-a-service (SaaS) and financial reporting tools - today announced that it has teamed up with Fidelity Investments® multinational financial services corporation. Clients of Global Shares' new market-leading equity compensation management platform will now be able to work with Fidelity to provide unparalleled participant servicing and brokerage solutions. This agreement will help transform the participant experience and extend the opportunity for integration with retirement plan services to more companies. Fidelity Investments and Global Shares will start engaging with prospects and clients immediately, to begin taking plans live in the spring of 2017.
"Company stock plans are becoming an increasingly popular employee benefit, and many clients are looking for ways to seamlessly integrate their stock plan administration with the management of their retirement plan and other benefits on the company's platform," said Kevin Barry, executive vice president, Stock Plan Services at Fidelity Investments. "We're pleased to be teaming with Global Shares and look forward to leveraging their technology, platform and industry expertise to deliver an outstanding experience to our global clients."
- Kevin Barry, Executive Vice President, Stock Plan Services at Fidelity Investments
"We are delighted to team up with Fidelity Investments. Over the past decade Global Shares has become a major player in the global stock plan administration arena, with one million participants now using our platform in 100 countries globally. The strengths Global Shares brings to this strategic collaboration are our cutting-edge technology, full-service integrated platform and parameter-driven customization, which allow us to support any plan type, multiple rules and legacy requirements at any level. Our software has set a new benchmark in stock plan administration globally, simplifying the increasingly complex needs of employee and executive plan management. We have tremendous flexibility to tailor our solutions to the unique needs of Fidelity's clients, which makes this an especially powerful offering."
- Tim Houstoun, CEO Global Shares
About Global Shares:
Global Shares is a leading provider of stock plan administration, software-as-a-service (SaaS) and financial reporting tools, with over one million users on our platform in over 100 countries. We develop highly specialized cloud-based software solutions for both private and public companies to manage their employee equity plans. Our client listing includes some of the largest and most well-known companies in the world who use equity compensation to attract and retain a top class employee base. Established 10 years ago we employ 110 staff and have offices in New York, California, Brazil, Ireland, London, and Lisbon. Our software has set a new benchmark for the global share plan administration industry. The company is forecast to grow substantially in 2016 and beyond. For further information, please visit http://www.globalshares.com/
About Fidelity Investments
Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.6 trillion, including managed assets of $2.1 trillion as of September 30, 2016, we focus on meeting the unique needs of a diverse set of customers: helping more than 25 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit http://www.fidelity.com/about .
SOURCE Global Shares