Press Release - September 30th , 2002
Pune, India and Shelton, Conn. -September 30, 2002 - ESOP Direct, a provider of end-to-end Employee Stock Option Plan (ESOP) solutions, has formed a strategic alliance with Transcentive, Inc., the leading provider of software and outsourcing services for stock plan and global entity management. ESOP Direct and Transcentive will market Transcentive's global offerings in conjunction with ESOP Direct's administrative services-providing international marketing opportunities for both companies. ESOP Direct and Transcentive customers that have a presence in both countries will become joint users of both companies' offerings, benefiting from the global power of Transcentive OptionsTM, the first solution for global stock option plan management released today. ESOP Direct will provide back-office administration support for joint customers.