Sidestep Appoints SRS as Stockholder Representative in Kayak Merger
Shareholder Representative Services LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Sidestep, Inc. following the company's recent merger with Kayak Software Corporation. 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) January 16, 2008 -- Shareholder Representative Services LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Sidestep, Inc. following the company's recent merger with Kayak Software Corporation. Sidestep's selling stockholders include Trident Capital, Norwest Venture Partners and Saints Capital.
"We are very happy to be working with SRS on this transaction," said Howard Zeprun, Chief Administrative Officer and General Counsel, Trident Capital. "On prior successful sales of our portfolio companies, we always had the one bittersweet issue of having to worry about who would serve as the shareholder representative. With SRS, we know that the post-closing process for our deal is being professionally managed allowing us to focus on the companies still in our portfolio and on finding new investment opportunities."
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.
"The institutional investor community has embraced the notion of a professional and independent shareholder rep," said Paul Koenig, Managing Director, SRS. "SRS is now serving over 30 major venture capital firms and administering over $175m in escrows. We are pleased to add Trident Capital, Norwest and Saints Capital to the growing list of SRS clients."
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, 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: 650.648.9551
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