Equatex announces acquisition of Accurate Equity, the largest supplier of software and services for share-based compensation plans in the North-European region.
Accurate Equity is an innovative software and outsourcing specialist with an established global reputation for its superior IFRS financial reporting capabilities as well as support for US GAAP and dual financial reporting in its proprietary software. Founded in 2002, Accurate Equity services more than 150 clients globally, including some of the world’s leading companies.
The acquisition extends the capabilities and services of Equatex, a leading provider of international employee and executive compensation plan services that supports clients with participants across Europe, Asia, Australia and America. The combined operation also now positions Equatex as a top provider of financial reporting in the employee compensation industry worldwide.
The news follows Montagu Private Equity LLP, one of Europe’s longest established private equity firms, announcing on the 2 March 2015 that it had completed the acquisition of Equatex from UBS, the Swiss bank. Terms of the deal were not disclosed.