Ardmore, PA (PRWEB) May 07, 2013
Jonathan Miller, CEO of Plan Management Corp. (“PMC”), the provider of the OptionTrax equity compensation plan and stock option plan administration system, and the InvestmenTrax investor management and securities issuance administration system, announced today that PMC has rejected several recent indications of interest in the acquisition of PMC.
Mr. Miller was quoted as saying, “We are not interested in being acquired nor are we interested in merging with another company in our fields of operations. Rather, despite what seems to be the focus of some of our competitors, that is, concentrating on how to get someone to acquire them, PMC is focused only on the continuing enhancement of the OptionTrax and InvestmenTrax systems, and on maintaining the highest level of customer service in the stock plan administration and securities accounting industries.”
Mr. Miller reported that many client stock plan administrators looking to PMC are concerned about the turmoil resulting from multiple acquisitions and mergers among providers in the industry. He highlights the fact that PMC is solely dedicated to this business, is not seeking external funding, and doesn’t have the distraction of outside investors constantly looking for an exit strategy.
Mr. Miller also commented, “The inquiries we received came from well positioned strategic buyers who certainly might make good commercial partners, but we understand what acquisition means – a push from investors for cost-cutting and focusing on growing multiples. We think that what is most important in this business is customer service and the flexibility to meet customer needs, neither of which is viewed as a priority for broker or private equity owned companies. We think clients still appreciate these things, and we’re not interested in turning away from them for a slightly better profit margin.”
About Plan Management Corp.
Plan Management Corp (PMC) has been in the equity compensation and stock option plan administration business since 1994, offering both software platforms and full outsourcing support models. PMC clients are public and private company administration teams, CFOs and accounting groups looking for plan administration and ASC 718/ FAS 123R compliance and financial reporting solutions. PMC clients have plans of all sizes, but PMC is uniquely qualified as a partner for companies with small to mid-size plans, and for private companies preparing for growth or IPO.
To find more about Plan Management Corp products and services, visit http://www.planmanagementcorp.com