Movaris Appoints SRS as Stockholder Representative in Trintech Acquisition
Shareholder Representative Services (SRS) today announced that it has been appointed as the representative of the former stockholders of Movaris, Inc. following the company's recent acquisition by Trintech Group plc. SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions in connection with managing claims by buyers for damages related to breaches of representations or warranties, communicating with the escrow agent and other parties to the transaction, and any other matters that may arise following closing.
Denver, CO (PRWEB) February 27, 2008 -- Shareholder Representative Services (SRS) today announced that it has been appointed as the representative of the former stockholders of Movaris, Inc. following the company's recent acquisition by Trintech Group plc. Movaris' selling stockholders include Granite Ventures, Mohr Davidow Ventures and Redpoint Ventures.
"As one of the nation's leading business law firms, Gunderson Dettmer sees a lot of M&A deals," said Ilan Lovinsky, Partner, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, and outside counsel for Movaris. "It's not unusual to run into situations where stockholders aren't enthusiastic about taking on the job of shareholder rep. SRS provides an attractive solution by allowing the shareholders to eliminate the burden of being the representative with the comfort that the post-closing process will be professionally and independently managed."
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions in connection with managing claims by buyers for damages related to breaches of representations or warranties, communicating with the escrow agent and other parties to the transaction, and any other matters that may arise following closing.
"Our team knows firsthand how difficult it is to get one of the investors to be the shareholder rep," said Paul Koenig, Managing Director, SRS. "Nobody wants to take on the extra burden and risk. And, that's why we established SRS."
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services
Headquartered in Denver and with offices in Silicon Valley and San Francisco, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies - identifying the next deal and managing the rest of their portfolio - rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders.
Contact:
Mark Vogel
Managing Director
Shareholder Representative Services LLC
Phone: 415.863.4291
E-mail: pr@shareholderrep.com
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