A 40% stake in Clonakilty-based Global Shares has been acquired by investment firm Motive Partners.
Under the terms of the agreement, Motive Partners will partner with Global Shares to aid the company’s long-term growth. This will include its international expansion and strategic hiring.
Motive Partners, which specialises in financial technology firms, has offices in New York and London.
Headquartered in Clonakilty, Global Shares was founded in 2005, and is a market-leading provider of innovative software and services for employee equity share plan administration.
Global Shares has developed a proprietary, cloud-based, global technology platform enabling seamless service to clients with employees across jurisdictions, time zones and languages.
The company is experiencing dramatic growth, with revenue having increased 60% over the previous year.
Global Shares’ international presence comprises 10 offices around the world, including in London, New York, Hong Kong, Dublin and Beijing.
Clients include pharmaceutical powerhouse GSK, Italian financial services firm Generali, the US’s largest privately-held corporation Cargill and British multinational enterprise software company Sage Group.