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Equilar Shows Strong Year-Over-Year Growth in Executive Compensation Data SolutionsNew Products and Alliances Drive Revenue While Expanding Market Presence (February 23, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 02/23/12 -- Equilar, the leading provider of executive compensation benchmarking and research solutions, today announced several key milestones in its market expansion strategy. The company significantly expanded its corporate client base and finished the 2011 fiscal year with 32 percent year-over-year growth. The company also expanded its product portfolio with several new offerings, including a patent-pending pay-for-performance analytics module and a nonprofit compensation benchmarking solution. In addition, Equilar announced the formation of alliances with the Council of Institutional Investors (CII) and Glass, Lewis, & Co., a leading independent governance services firm.
"Last year, Equilar was able to capitalize on several unforeseen opportunities in the marketplace," said David Chun, CEO and Founder of Equilar. "When it comes to pay and performance, we realized that the market needs were not adequately served. We moved in to fill that gap and formed key alliances to support our presence there. In 2012, we will continue to find areas in which Equilar can provide further value to our current and future clients."
For the fiscal year ending December 31, 2011, Equilar increased total bookings to over $18.5M, representing a 32 percent increase over 2010's figures, while making strategic investments in products, marketing, and client services. In October, Equilar was recognized by the Silicon Valley Business Journal as one of the fastest-growing Silicon Valley private companies for the fourth consecutive year.
Innovative New Offerings
In 2011, much of Equilar's growth was driven by new product offerings, including tools to measure CEO pay against total shareholder return and the recently unveiled Equilar Atlas, which expanded Equilar's client footprint into universities, nonprofits, wealth management firms, and executive recruiters. In early 2012, Equilar announced Pay-For-Performance Analytics to increase transparency in corporate governance, and Equilar Insight Nonprofit to further improve the efficiency and accuracy of benchmarking executive compensation at nonprofit organizations.
In the first six weeks of 2012, the company has announced strategic alliances with leading institutional investors and proxy advisory firms. The Council of Institutional Investors, a nonprofit association of pension funds, employee benefit funds, foundations and endowments has agreed to provide its General Members with access to Equilar Pay-For-Performance Analytics. Separately, Glass Lewis & Co. announced that its Proxy Paper research will be available to corporate issuers via the Equilar platform and that Glass Lewis is integrating Equilar's "market-based peer groups" and realizable pay data into the Glass Lewis pay-for-performance model.
For more information, visit www.equilar.com
Equilar's award-winning product suite is the gold standard for benchmarking and tracking executive compensation, board compensation, equity grants and award policies and compensation practices. Equilar products and custom research services enable corporations, nonprofits, human capital consulting firms, law firms, investors, individual executives, and the media to accurately compare pay packages across thousands of public and nonprofit companies using SEC, Form 990, and proprietary survey data. Equilar's research is cited frequently by Bloomberg, BusinessWeek, Reuters, The New York Times, The Wall Street Journal and other leading media outlets. Equilar (Redwood City, CA) has been recognized as one of the fastest-growing private companies in America by Deloitte, Inc. magazine, and the Silicon Valley Business Journal.
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