NEW YORK--(BUSINESS WIRE)--Computershare (ASX:CPU) has announced the acquisition of Verbatim Global Compliance, an established U.S.-based provider of managed corporate secretarial services around the world, from Orrick, Herrington & Sutcliffe LLP.
As a result of the acquisition, Computershare says it will be able to offer a greater range of integrated, entity governance offerings; combining group restructuring support, advisory services, regulatory technology and fully managed services that help clients reduce the burden of global entity compliance.
“Verbatim’s team has the capabilities, know-how and market recognition to complement the growing suite of services we offer our clients in the U.S. and around the world, and we’re delighted to welcome them to the Computershare group,” said Naz Sarkar, CEO of Global Issuer Services at Computershare.
“We know many clients are looking for new ways to manage operational and reputational risk while also reducing or eliminating redundant workflows and time spent on governance administration.”
“Corporate secretaries and general counsel for companies everywhere can now fully outsource entity management to one partner thanks to the combination of Computershare’s regulatory technology and global network with Verbatim’s governance advisory team and extensive network of legal contacts.”
Computershare’s Governance Services business covers 110 jurisdictions and includes new entity incorporations, subsidiary governance frameworks, registered agent for service of process as well as board of directors’ training and support.
Computershare says its acquisition of Verbatim reflects the increasing significance of the corporate governance and compliance solutions offered by its global Issuer Services business, which also provides share registry, proxy solicitation and corporate actions services.
Verbatim’s services focus on corporate secretarial procedural requirements, particularly in relation to local company law, as well as corporate governance developments and best practice.
In addition, Computershare’s clients will benefit from extended governance advisory services via consulting experts that can help solve and implement problems and create value.
Computershare says that rising regulatory complexity, market pressures and business continuity challenges mean that many companies are looking to technological solutions to provide virtual governance activities – including the management of subsidiaries.
The company says that it helps clients consolidate and meet all their governance services and technology needs, whether through global entity management, registered agent, governance advisory services or software solutions.
For more information, visit https://www.cgs-gems.com/transform-your-corporate-governance.
Notes
- Spokespeople available on request.
- For high resolution images of spokespeople, visit http://cpu.vg/spokespeople.
About Computershare Limited
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world’s leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers.
Computershare is represented in all major financial markets and has over 12,000 employees worldwide.
For more information, visit www.computershare.com.