GERMANTOWN, Md., Oct. 19 /PRNewswire/ -- INVeSHARE Inc., a turnkey provider of shareholder communications focused on next generation delivery and processing of proxy materials, announced that Ted Stein has joined the company as Chairman & CEO. A seasoned executive who has both spent time in-and-around the proxy industry, as well as having worked extensively with technology companies, Stein has already begun contributing to the company.
INVeSHARE solutions, supporting both digital proxy (e-proxy) and paper distribution, are designed to facilitate the industry's transition from a paper-based system to e-proxy voting and digital shareholder communication. Working with retail brokers and clearing firms, INVeSHARE offers a full range of shareholder communications integrated into existing broker platforms. INVeSHARE solutions make communication among issuers, brokers, and retail shareholders simple, easy and environmentally friendly, all via an easy-to-use, customer-friendly interface.
"The digital distribution revolution is underway and the shareholder communication industry is going through an inevitable transition that is going to change the way issuers, brokers, and retail shareholders communicate," Stein said. "INVeSHARE's robust platform and partnership base puts the company in a unique position to drive this change. The proxy world will look materially different in a few years and I am delighted to have the opportunity to lead this change with INVeSHARE."
Prior to joining INVeSHARE, Stein served as President and CEO of several private equity-funded start-ups and turnarounds. He served as President and CEO of Financial Marketing, Inc. and American Payroll Centers, Inc.; the companies were eventually sold to ADP and Zurich Ventures, respectively. Previously, Stein was President of Technology Specialist, Inc., which was sold to Collegis, now a subsidiary of SunGard.
"Having successfully serviced accounts through a full proxy cycle, INVeSHARE's solution has proven to be superior and visionary," said Davidi Gilo, Founder & Chairman of Gilo Ventures, one of the company's three institutional investors. "We are very excited to have Ted come on-board to lead the company; we believe that the combination of his deep experience and INVeSHARE's stellar products, services, and partner relationships is going to revolutionize the industry."
INVeSHARE is a full-service provider of proxy delivery and shareholder communications services for broker-dealers, clearing firms, and corporate issuers. The company revamps the securities eco-system by empowering issuers and shareholders with easily-accessible information and tools. The innovative INVeSHARE digital platform improves communication, strengthens the relationship between issuers, brokers and their shareholders/clients while contributing to the environment by substantially reducing traditional paper overhead. For more information see www.inveshare.com
SOURCE INVeSHARE Inc.