Equiniti : announces acquisition of Monidee

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Equiniti Group PLC - EQN Equiniti announces acquisition of Monidee Released 09:00 12-Mar-2020

RNS Number : 8962F

Equiniti Group PLC

12 March 2020

Equiniti announces acquisition of Monidee

· The acquisition enables Equiniti to provide employee share purchase plans globally, extending our services to meet demand from new and existing clients across the world

· From Amsterdam, Monidee's proprietary 'tOption' platform serves over 210 corporate clients and 200,000 employees in 50 countries

· The transaction offers significant cross-sell opportunities and other revenue synergies

Equiniti Group plc ('Equiniti'), an international technology-led services and payments specialist, is delighted to announce the acquisition of Monidee, an employee share plans technology business based in Amsterdam.

Monidee is a highly complementary share plans business that currently services more than 200,000 employees across 210 corporate clients in 50 countries. Its proprietary 'tOption' technology will give Equiniti the capability to offer its new and existing clients Global Share Purchase Plan products which are in increasing demand.

This acquisition will provide a fully-functional and scalable share plans solution for Equiniti's clients in the growing global employee share plans market. As part of the transaction, Monidee will also be able to access Equiniti's support capabilities to help administer its clients, as well as a range of additional products and services.

The financial terms of the transaction are not disclosed.

Guy Wakeley,Chief Executive of Equiniti, said: 'We are delighted to welcome Monidee to the Equiniti Group. This acquisition will allow us to answer current client demand and provides us with a leading proprietary platform to attract new international clients. The global employee share plans market is growing quickly and we are in great shape to take advantage of this opportunity.

'Like EQ, Monidee has a strong reputation as an international provider of outstanding technology and share plan solutions. The two businesses are highly complementary with a strong cultural fit and I am looking forward to working with our new colleagues in Amsterdam.'

Hans Van Tol, from Monideesaid: 'The capabilities of EQ and Monidee are a natural fit and this acquisition is an excellent way for us to accelerate our growth.

'The prospect of entering new mutual markets internationally as part of a growing global Group is exciting and being able to access EQ's administrative capabilities will significantly enhance the service we can offer clients.'

ENDS

For more information about Equiniti:

Temple Bar Advisory
Alex Child-Villiers / William Barker / Sam Livingstone / Alasdair Todd
Tel:[phone]
Email:[e-mail]

About Equiniti Group plc

Equiniti Group plc, an international technology-led services and payments specialist, provides non-discretionary payment and administration services to some of the world's best-known brands and UK's largest public-sector organisations.

It is the UK's leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes.

Equiniti's services, which are delivered by over 5,000 employees, benefit 28 million people in the UK and 120 countries around the world.

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Equiniti announces acquisition of Monidee - RNS