EQS Group AG sells investment in Issuer Direct
Cooperation with US News Service Accesswire to continue
Munich - December 5, 2018
EQS Group AG (ISIN: DE0005494165) has sold its entire stake in US firm Issuer Direct Corporation. However, EQS Group's cooperation with Issuer Direct -the owner of the fourth largest US news service, Accesswire - continues.
Founded in 2006, Issuer Direct (ISDR) is a leading communications and compliance company with over 2,000 clients, predominantly listed companies in the US and UK. Accesswire has been an EQS Group cooperation partner for the distribution of corporate communications since EQS's entry into the North American market. The investment served to underpin a long-term cooperation.
Achim Weick, Founder and CEO of EQS Group AG: "After more than a year of working with Accesswire, we realize that strategic ownership in Issuer Direct Corporation is no longer necessary to consolidating our existing partnership. We can now use a portion of the capital which is no longer tied up in the Issuer Direct stake for the rapid expansion of our US business."
EQS Group AG has sold a total of 291,916 shares of Issuer Direct Corporation, generating approximately $3.63 million. The sales proceeds approximately equal the original purchase price.
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EQS Group is a leading international technology provider for Investor Relations, Corporate Communications, and Corporate Compliance. Several thousand companies worldwide use EQS Group's offerings to fulfill complex national and international disclosure obligations, to minimize risk, and to reach stakeholders.
EQS Group is a digital single-source provider for global teams. EQS Group's products and services include a global newswire, regulatory news distribution, investor targeting and contact management, and insider list management. These are integrated within a cloud-based platform, the EQS COCKPIT, to streamline the workflows of Investor Relations, Communications, and Compliance professionals. The Group also offers an innovative whistleblowing and case management software, website services, digital reports, and webcasting solutions.
EQS Group was founded in 2000 in Munich, Germany. Today, the group employs over 450 professionals around the globe and has offices in the world's key financial markets.
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05.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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