Ascensus Acquires Software Firm ESOP Economics.

MANews-(C)2009-2018

18 October 2018 - US-based recordkeeping services provider, third-party administrator, and government savings facilitator Ascensus has acquired employee stock ownership plan repurchase obligations software specialists ESOP Economics, the company said.

The firm, which provides consulting and software solutions related to employee stock ownership plan repurchase obligations, has joined Ascensus' TPA Solutions division.

Founded in 1993, ESOP Economics is exclusively focused on helping ESOP companies quantify their future repurchase obligations (i.e., their legal obligation to buy back stock distributed to ESOP participants) and develop strategies for managing and funding them.

The firm's Telescope software, developed specifically for the purpose of forecasting ESOP repurchase obligations, is recognised as a leading software product in its field.

ESOP Economics has completed more than 1,000 repurchase obligation studies, sustainability analyses, and consulting projects during its...

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