2009 June 10
NEW YORK, June 10, 2009 – Computershare Limited (ASX: CPU), a leading financial services provider for the global securities industry, today announced that it will consolidate the bankruptcy services of its Administar business unit with its recent acquisition of KCC. KCC will lead the consolidation effort, with business experts from both KCC and Administar working closely together to maximize the value of the combined service portfolios.
To further its expansion as a diversified financial services company, Computershare acquired Administar in October 2007. This acquisition also represented an opportunity for Computershare to broaden the company’s services in the bankruptcy claims and noticing market, through Administar’s expertise, unique claims administration software and strong legal-community relationships. The consolidation of KCC with the bankruptcy business of Administar will bring service enhancements and technology advances to the broader corporate restructuring market.
"Computershare continues to drive value to its clients and the marketplace by bringing together complementary businesses. The acquisitions of both KCC and Administar are key examples of our ability to identify and integrate businesses in growing markets, such as corporate restructuring, to create additional benefits for our stakeholders,” said Steve Rothbloom, President and CEO of Computershare US.
Clients of both Administar and KCC will continue to receive support through the same client service teams they work with today, while all restructuring services will be marketed and operated under the KCC brand. Administar continues to provide services for its class action clients and is collaborating with KCC to help drive additional growth.
"With the consolidation, Administar’s client base can benefit from KCC’s breadth of services, industry expertise and advanced technology,” said Eric Kurtzman, KCC’s Co-Founder and CEO. “This strategy brings the best of Administar and KCC together to reach a broader market with increased capabilities and capacity.”
Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services. Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world’s leading organisations use these core competencies to help maximise the value of relationships with their investors, employees, creditors, members and customers. Computershare is represented in all major financial markets and has over 10,000 employees worldwide. For more information, visit www.computershare.com.
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