News Feed Item

ADDING MULTIMEDIA SRS|Acquiom Announces Revolutionary Online M&A Payments Service — Acquiom|Clearinghouse™

SRS|Acquiom today announced the launch of Acquiom|Clearinghouse™, the industry’s first M&A payments administration service that is completely online. Acquiom|Clearinghouse reinvents how acquirers disburse merger consideration to selling shareholders in private M&A transactions by allowing paperless and easy submission of all materials and fast payments. Buyers fund one account and are done. Sellers use simple online forms and get paid quickly. M&A attorneys have satisfied clients and no headaches. All at low to no fees.

“The M&A payments process hasn’t seen innovation in decades,” said Mark Vogel, co-CEO of SRS|Acquiom. “It is burdened with tedious and annoying tasks and paperwork that produce delays, errors, and bottlenecks. Acquiom|Clearinghouse eliminates the hassles and makes the payments process easy and quick for parties on both sides of the deal. M&A payment administration has finally gone online.”

“Slow payments is a huge hidden inefficiency in M&A,” said Paul Koenig, co-CEO of SRS|Acquiom. “The annual opportunity cost in the U.S. for participants in private M&A transactions is $5 billion. Acquiom|Clearinghouse solves this; we’ve paid 80% of merger consideration on the day of closing, compared to an industry norm of 6-7 days later. Merger parties and their attorneys no longer have to suffer the pain and hassle of mailing forms back and forth, filling out paperwork by hand, hoping they can still find their stock certificate from years ago and dealing with the numerous errors that inevitably result from completing the process the old way. By moving M&A payments administration online, we’ve made it fast, simple, and hassle-free.”

"M&A deal technology has evolved, but some aspects of the deal process haven’t changed for decades. The payments process is one of those areas,” said John Hughes, Partner at Sidley Austin LLP, and Chair of the ABA’s Subcommittee on Private Equity M&A. “Services like Acquiom|Clearinghouse show what technology can do to make the deal process more efficient from both an economic and practical standpoint."

Acquiom|Clearinghouse allows individuals to confirm their security holdings without mailing paper stock certificates. “Many think online LOT submissions are not possible due to the perceived requirement that original stock certificates be returned,” said Steven O. Weise, Partner at Proskauer Rose LLP, and a leading authority on the Uniform Commercial Code. “In fact, UCC § 8-207 provides all the protection the parties need to avoid the hassle of finding and submitting paper stock certificates and the costs of surety bonds when a stock certificate is lost."

Acquiom|Clearinghouse offers these benefits:

  • Fast. Payments take hours not weeks. Over 80% of merger consideration has been paid on the closing date. For parties submitting a timely and complete letter of transmittal, the result has been 100% paid on the first possible date.
  • Better Economics. Shareholders’ money doesn’t sit idle. Less time is spent on administrative tasks. The costly transaction processing fees of current methods are eliminated. In most cases the whole service is offered at low to no fees. And, the economics get even better when combined with one of the Enhanced Escrow Solutions distributed by Acquiom.
  • Easy. Buyers simply fund one account and then receive daily reports. Shareholders fill in basic information online and e-sign instructions — all on an intuitive user interface. Attorneys deal with fewer administrative hassles. Acquiom|Clearinghouse also quickly distributes third-party vendor payments out of merger consideration, such as those for legal and investment banker fees, or for debt obligations due at closing.
  • Greater Reliability and Accuracy. Because shareholders submit and validate instructions directly into the payment system there are no transcription errors. Often a source of complications, a redesigned online Letter of Transmittal (LOT) is intuitive and much easier to complete.
  • Secure. Information is protected using state-of-the-art multi-factor authentication and sophisticated risk monitoring analytics.
  • No Paper. It’s 100% online and environmentally friendly. There is no mailing of paper documents back and forth, including stock certificates.
  • Expert Service. The experts at SRS|Acquiom understand “M&A hours.” Merger parties get full support from start to finish.

The economics get even better when merger parties choose one of the Enhanced Escrow Solutions distributed by SRS|Acquiom. These offer enhanced yields, reduced fees, and a greatly streamlined process when purchased in combination with Acquiom’s payments administration services — often enough to cover the attorneys’ fees and the transaction costs of doing the deal. Going with traditional escrows is leaving money behind for no reason.

“Once they see Acquiom|Clearinghouse, strategic buyers, along with private equity, venture capital, and other selling shareholders, won’t want to do it any other way,” added Vogel.

About SRS|Acquiom®

SRS|Acquiom is the global leader for managing administrative needs in private M&A — innovating new ways to complete transactions that help merger parties to close more efficiently and economically. The affiliated SRS and Acquiom lines of business deliver industry-leading shareholder representation, payments administration, and escrow solutions with a senior-level team of M&A experts, attorneys, financial professionals, and operations and systems experts. SRS|Acquiom has been engaged on 600 M&A transactions comprising $95 billion in aggregate deal value. For more information: srsacquiom.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...