Corporate Creations acquisition makes Computershare one of the largest registered agents in the U.S.
NEW YORK and NORTH PALM BEACH, Fla., March 2, 2020 – Computershare Limited (ASX:CPU) announced today that the company has completed its acquisition of the business and assets of Corporate Creations Enterprises LLC ("Corporate Creations"), a trusted provider of registered agent and related filing services to more than 14,000 public and private companies.
The acquisition accelerates Computershare's commitment to the registered agent market, and further enhances our ability to alleviate the administrative burden on organizations' legal and compliance departments, reducing risk and improving ease of access to data and documents in the face of an increasingly complex multi-state U.S. regulatory environment.
Corporate Creations', registered agent expertise, accomplished team, extensive servicing capabilities, and nearly 30 years of experience – combined with Computershare's global scale and technology investment – will expand Computershare's ability to offer an intuitive, scalable and transparent suite of legal entity compliance services to their extensive portfolio of public and private clients around the world.
"We've heard loud and clear from our issuer clients that they want a more compelling entity compliance offering than what is in the market today. This is an important step forward in disrupting the status quo and delivering on our mission of making entity compliance easier and more efficient," said Andrew Moore, president of Governance Services at Computershare.
"We are excited to bring Corporate Creations' capabilities, expertise and reach to the Computershare group and to our clients around the globe – and to welcome the Corporate Creations team into the Computershare family."
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All companies with operations in the US are required to have a registered agent located in the state of incorporation and in all states where the company is qualified to transact business. The primary function of a registered agent is to provide state level representation and receive service-of-process notices (usually garnishments and notice of lawsuits), correspondence from the Secretary of State, and other official government notifications.
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 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.