Computershare Acquires RicePoint Administration Inc. in Canada
TORONTO, ON--(Marketwired - September 06 2016) - Computershare announced today that it has acquired RicePoint Administration Inc. Founded in 2001, RicePoint Administration Inc. is the leading expert in services related to legal settlements in Canada. RicePoint has served as the claims administrator on some of the largest and most complex class action settlements in Canadian history, including those related to securities, price fixing, medical, consumer and employment matters. Combined with Computershare's U.S. settlement administration company, KCC, the acquisition of RicePoint advances Computershare's position as an international leader in legal settlement administration.
"This acquisition will position Computershare as a global leader in settlement administration," said Stuart Swartz, President and CEO of Computershare Canada. "We will leverage the experience and established footprint of our settlement administration business in the U.S. to grow this new revenue stream across Canada."
David Weir, RicePoint's President said "I look forward to increasing our service capabilities by utilizing Computershare's strong infrastructure in Canada. We are confident that Computershare is the right partner for the future. We know that they share and understand that same commitment to personal service as RicePoint. With that as the foundation, we are excited to develop a truly global legal settlement service company together."
About Computershare Limited (CPU)
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 utility administration, 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 16,000 employees worldwide.
For more information, visit www.computershare.com.
KCC provides administrative-support services that help legal professionals realize time and cost efficiencies. With an integrated suite of corporate restructuring, class action, mass tort, and legal document management solutions, KCC alleviates the administrative challenges of today's legal processes and procedures. KCC has gained client and industry recognition for its industry expertise, professional-level client service and proprietary technologies. KCC is a Computershare group company.
For more information, visit www.kccllc.com.
About RicePoint Administration Inc.
Over the past 15 years RicePoint has administered over 35 settlements of varying size and complexity and distributed more than $500 million in settlement funds. RicePoint's professional services team has a reputation for delivering the strategic guidance valued in matters concerning case sizing, administration structure and notice reach.
For more information, please contact:
Executive Vice President, Marketing
310 751 1819