Automic Group share register has acquired Market Eye, Australia’s leading investor relations consultancy.
The acquisition will enable Automic Group to provide an integrated technology solution to ASX-listed companies, combining share register, board management, shareholding and investor relations on a single platform based on the cloud.
Paul Williams, Managing Director and CEO of Automic Group, said the acquisition marks a key milestone for the company.
“The integration of Market Eye with Automic Group will further enhance our existing technology and services with the addition of the investor relations advisory practice, media and communications, analytics and meeting assistance. shareholders, beneficial ownership analytics and investor relations technologies,” said Williams.
“We are revolutionizing the industry with our unparalleled end-to-end technology and services offering that delivers tremendous value to the management teams and boards of ASX-listed companies.”
The objective of the acquisition is to create a “complete solution” that listed companies can use to manage their relations with their shareholders.
Market Eye Founder and Executive Chairman Ronn Bechler has been appointed to the Automic Group Board of Directors as Executive Director and the management team will join the Automic Group Executive Committee.
According to Bechler, “Automic’s commitment to customer service and technological innovation, along with the quality of its people, stood out for us. Automic and Market Eye are completely aligned in terms of our emphasis on business values, team engagement, and customer engagement.
“With the support of Automic Group, we will be able to rapidly accelerate Market Eye’s multiple growth initiatives that will further increase the value of the companies we support, many of them in the ASX300, as well as enhance opportunities career development for our team.”
Private equity fund manager Five V Capital invested in Automic Group last year and Justin England, part of the investment team, said the acquisition of Market Eye aligns with the strategy of business growth.
“The acquisition of Market Eye significantly enhances Automic Group’s end-to-end technology and shareholder services offering, and I look forward to working closely with Ronn on the Board of Directors of Automic Group. Automic to create the most compelling shareholder services solution for ASX-listed companies,” England said.