Stratify Appoints SRS as Stockholder Representative in Iron Mountain Acquisition
Shareholder Representative Services LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Stratify, Inc. following the company's recent acquisition by Iron Mountain Incorporated. 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 8, 2008 -- Shareholder Representative Services LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Stratify, Inc. following the company's recent acquisition by Iron Mountain Incorporated. Stratify's selling stockholders include Mobius Venture Capital and InQTel, Inc.
"I've been a shareholder rep numerous times and each time I promised myself - never again" said Jason Mendelson, Managing Director & General Counsel, Mobius Venture Capital and Foundry Group. "Stratify is our second transaction with SRS and we can not be more pleased with their level of professionalism and customer support. Never again is finally here."
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 role of shareholder rep involves more than just attending to claims against the escrow", said Paul Koenig, Managing Director, SRS. "These deals often involve future payouts to prior management, annual tax filings and international tax withholding when the escrow is released. SRS has the know-how to perform these tasks. We professionally manage the process."
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
E-mail: pr @ shareholderrep.com
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