Welcome!

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
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.