Motive Partners has agreed to acquire a 40 per cent stake in Global Shares, a compensation management solution.
Through the deal, Motive Partners will help Global Shares accelerate its long-term growth and value creations, which includes international expansion and strategic hiring.
Ireland-based Global Shares is a software and services developer for employee share plan administration. Businesses can offer employee equity awards of stock options, ISOs, CSARs, SSARs, RSUs, RSAs, PSUs, and NQSOs.
Through the company, users can access data transformation, communication tools, equity automation, reporting and analytics, an equity portal and online trading. Task automation tools are available to let administration teams simplify features for exercises, sales, expirations, restricted stock vestings and terminations.
The company revenue increased by 60 per cent over the past year. Over 250 blue-chip companies with employees in more than 100 countries use Global Shares for their share plans. Some of its clients include GSK, Generali, Cargill and Sage Group.
Ireland’s Minister of State at the Department of Finance Michael D’Arcy said, “I am delighted to see Global Shares, a company backed by Enterprise Ireland, attract a significant investment from Motive Partners.
?Furthermore, we are pleased that the Ireland Strategic Investment Fund’s (ISIF) partnership with Motive is helping support strategic sectors of the Irish economy, demonstrating the value of a Sovereign Wealth Fund with a development mandate.
?It is a great example of how an Irish company supported early on in its development can go on to create high quality technology and financial services jobs at home and scale into an international success story. I look forward to watching their continued growth and success, proving Ireland’s FinTech sector is capable of creating great companies who can win blue-chip customers on the global stage.”
Last year, Motive Partners and the?International Finance Corporation completed an investment round into LMRKTS, a commercial and investment bank compression service.
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